Flipping Property in St Louis County Yields Almost 25 Percent Gross Profit On Average

Flipping property in the St Louis area has paid off for investors over the past year provided they have stayed out of the City of St Louis.  “Flipping” or a “Flip” is a term used today to describe when a property is bought and then re-sold within a short time period.  In St Louis County, the 3rd quarter of 2013 and the 3rd quarter of 2014, there were 658 properties flipped at an average gross profit of nearly 25 percent (24.56%) ,   according to a newly released report from RealtyTrac.  During the same period there were 203 properties flipped in St Charles county with an average gross profit of 17.95%.  It doesn’t look like investors in the City of St Louis fared so well though, with 184 flips during the period for an average loss of 3.85%.

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