flipping a house: Have You Ever Wanted to Flip a House? - 11/13/13 03:29 AM
Thinking About "Flipping a House"?
Today's market is lending a hand to investors and the percentage of houses being sold to them is at a high. They are buying resales, short sales, foreclosures, estates, bankruptcies....anything that they can work into their formula and get the numbers to make since for them to flip or rent the property.
So What Are Investors Looking For?
Flippers want the house to make at least 15%-25% for it to be worth their time and effort.  Many prefer that the asking price be 10%-25% below tax value....but definitely well below the neighborhood's updated comparable properties.