From Flipping San Diego to Flipping Boston, the nationwide trend of buying a house at less than market value, spending some money to fix it up and reselling it at a higher price is once again a lucrative way to turn a profit.
http://abcnews.go.com/Business/things-flipping-houses/story?id=20928492
In six states, home flippers made an average profit of considerably more than $80,000 in 2013. In Massachusetts, the gross profit on a flipped home was more than $100,000. 24/7 Wall St. examined the six states where home flipping was most lucrative in 2013.
https://www.usatoday.com/story/money/business/2014/02/02/6-best-states-to-flip-a-house/5115321/
7 Things Not to Do When Flipping Houses. Mold, wood rot, warped floors, a dated bathroom -- these problems might seem a nightmare to the average home buyer, but to a seasoned flipper, a house full of flaws could mean profits.
http://abcnews.go.com/Business/things-flipping-houses/story?id=20928492
The average home purchased in the state for the purpose of flipping was bought for $190,983 and sold for $277,022. The average gross profit of nearly $90,000 represents a 46.9% return on investment, considerably more than the national gross profit of just $58,081 and an average return of just 30.7%.
https://www.usatoday.com/story/money/business/2014/02/02/6-best-states-to-flip-a-house/5115321/
7 Things Not to Do When Flipping Houses. By KINGA JANIK and LAUREN EFFRON (@LEffronG) Nov. 18, 2013. Mold, wood rot, warped floors, a dated bathroom -- these problems might seem a nightmare to the average home buyer, but to a seasoned flipper, a house full of flaws could mean profits.
http://abcnews.go.com/Business/things-flipping-houses/story?id=20928492
House flipping profits also depend on a flipped house's 'turnaround time.' Remember, house flippers not only invest money but also time when it comes to rehabilitating houses so that they can be resold. Typically, house flippers buy houses, rehab them and then try to have them formally sold off within 90 days.
http://homeguides.sfgate.com/average-gross-margin-house-flip-49343.html
To get to how much it’s going to cost to flip a house, you first need to know what you can sell the property for when it’s all done. Once you know this all important number, the other costs associated with the house flip will really start to come into focus much better.
https://www.biggerpockets.com/renewsblog/2013/11/10/much-really-cost-flip-house/
Nationwide, the average gross margin on a house flip stands at $29,342. Buying a house for the lowest price possible, spending what's needed on repairs and then reselling it at maximum price defines house flipping.
http://homeguides.sfgate.com/average-gross-margin-house-flip-49343.html
The average gross margin on a house flip is nearly $30,000. Buying a house at one price and reselling it for a higher price is known as 'house flipping.' The key to generating profit when it comes to house flipping lies in seriously controlling a property's acquisition and rehabilitation costs.
http://homeguides.sfgate.com/average-gross-margin-house-flip-49343.html
RealtyTrac also provided average flip price, average gross profit, and the proportion of all home sales that were flips for 2011 and 2012, and Q4 2013 for States and U.S. Metro areas. We also reviewed RealtyTrac's foreclosure rates for 2013. These are the six best states to flip a house.
https://www.usatoday.com/story/money/business/2014/02/02/6-best-states-to-flip-a-house/5115321/
average cost to flip a house
The average cost to flip a house is $30,000. The average cost to flip a house is $30,000.   