>

St Louis Real Estate Search

Recent Articles

Where Are The Best Places To Flip Property?

The best places to flip property in the U.S. are, with the exception of Wright County Minnesota, all east of the Mississippi extending from as far north on the east coast as New York to as far south as Florida, according to a report just released by RealtyTrac.  For this report, RealtyTrac looked at property that was “flipped” (bought and then resold within the same period…often times done by an investor for profit) during the one-year period from April 2013 through March 2014,  and ranked the counties based upon the gross return on investment made in those flips.  One thing to keep in mind, this is just a “gross margin” or simply the difference between what the house was bought for and then resold for during the period without taking into account the expenses involved in the acquisition and sale, cost of rehab and improvements that were done or carrying cost.

Here in St Louis there are only two counties that were including in the report, St. Charles County and St Louis County (in which they included the city of St Louis as well).  For St Charles county there were 98 flips during the one-year period and  the average gross return on investment was 66.95%.  For St Louis County (and city) there were 399 flips with an average gross return on investment of 25.32%. There is a US interactive heat map below where you can look up info for counties around the country.

(We work hard on this and sure would appreciate a “Like”)

Find St Louis Property to Flip

Best Places to Flip Houses

Source: RealtyTrac



Print Friendly, PDF & Email

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>