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%

Income Property

Income property is property bought or developed to earn income using various investment strategies. 

Income property can be residential or commercial. Residential income property is commonly referred to as "non-owner occupied". A mortgage for a "non-owner occupied" property may carry a higher interest rate than an "owner occupied" mortgage as it is viewed by lenders as a higher risk.

A common practice during periods of home price appreciation is for investors to purchase residential income properties with the intent that rents will cover their monthly expenses for a period of time until the property can be sold for a large capital gain. 

As with all markets during times of fast price appreciation, and as with all market bubbles, investors that enter the market first and get out first usually do well. Investors that enter the market later, and get out last usually don't do as well.

Contemporary European Minimalistic Home Designs

Minimalism describes movements in various forms of art and design, where the work is set out to expose the essence or identity of a subject through eliminating all non-essential forms, features or concepts.

Minimalism is any design or style in which the simplest and fewest elements are used to create the maximum effect.

Proposed Casino Bill would bring Vegas-style Casinos to Texas

(HOUSTON) - Senate Joint Resolution 64, would open Vegas-style casinos in Texas and revitalize the state’s horse racing industry.

State Rep. Gary Elkins, R-Houston, whose district includes Sam Houston Race Park, said he would consider supporting the right kind of legislation if it ever does make it to the House.

Some lawmakers say the time is drawing near for voters to decide whether to start keeping at home some of the estimated $2.5 billion Texans spend on gambling every year in neighboring states.