Saturday, June 21, 2014

The 14 Best Places in the U.S. to Flip Properties

The 14 Best Places in the U.S. to Flip Properties
The best places for flipping properties are currently concentrated along the East Coast, but it's a popular practice across the country.

If you're interested in buying low and selling for significantly more than you paid, RealtyTrac came up with a list of locations with the best opportunities:

14. Middlesex County, N.J.
Average purchase price of flips: $200,015
Average sale price of flips: $264,742
Average ROI: 32.36%

13. Nassau County, N.Y.
Average purchase price of flips: $316,060
Average sale price of flips: $422,858
Average ROI: 33.79%

12. Monroe County, Fla.
Average purchase price of flips: $311,701
Average sale price of flips: $429,564
Average ROI: 37.81%

11. Berks County, Pa.
Average purchase price of flips: $117,846
Average sale price of flips: $162,774
Average ROI: 38.12%

10. Montgomery County, Md.
Average purchase price of flips: $347,682
Average sale price of flips: $482,969
Average ROI: 38.91%

9. Bergen County, N.J.
Average purchase price of flips: $320,010
Average sale price of flips: $450,492
Average ROI: 40.77%

8. Wright County, Minn.
Average purchase price of flips: $105,058
Average sale price of flips: $152,563
Average ROI: 45.22%

7. Anne Arundel County, Md.
Average purchase price of flips: $197,355
Average sale price of flips: $291,243
Average ROI: 47.57%

6. Saint Marys County, Md.
Average purchase price of flips: $180,411
Average sale price of flips: $268,254
Average ROI: 48.69%

5. New Castle County, Del.
Average purchase price of flips: $127,795
Average sale price of flips: $195,246
Average ROI: 52.78%

4. Campbell County, Ky.
Average purchase price of flips: $75,253
Average sale price of flips: $127,848
Average ROI: 69.89%

3. Baltimore County, Md.
Average purchase price of flips: $131,186
Average sale price of flips: $224,089
Average ROI: 70.82%

2. York County, Pa.
Average purchase price of flips: $88,063
Average sale price of flips: $151,871
Average ROI: 72.46%

1. Prince George's County, Md.
Average purchase price of flips: $125,011
Average sale price of flips: $229,275
Average ROI: 83.4%



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