If you are a home flipper, you may be finding that your profits are shrinking. The latest Home Flipping Report from ATTOM Data Solutions shows a decrease in returns to their lowest level in two years.
The quarter three report shows that single family homes and condos that were flipped in the third quarter of this year produced an average gross profit of 47.7%. That represents about $66,448 per flip across the U.S. While that may not sound like a bad return on investment, it shows that tight inventory, high home prices, and competition are taking a bite out of this real estate enterprise.
Read the blog and more at: www.NewsForInvestors.com