House flippers in Nashville were still profiting more from their sales than the average house flipper around the nation in recent reports. Though statistics aren't in yet for the last quarter of this year, given that we're still wrapping it up, all signs point to Nashville as one the most profitable places to flip a house in the nation.
Data from the end of the summer showed that Nashville house flippers were earning a gross profit of around $72,000, which is more than the average gross profit from around the nation. As 2018 started out, we saw reports of a dwindling market for Nashville house flippers, but those reports weren't comparing Nashville to the nation, they were comparing Nashville in 2017 to Nashville at its peak in 2012.
In the fourth quarter of 2012 the average gross profits from a house flip in Nashville was 87 percent. That figure dropped to an average of 47 percent in 2017. So, you can see why Nashville house flippers aren't pleased, but when you turn around and compare the Nashville market to the national average, Nashville is one of the top 20 best cities in the nation in which to flip a house!
Why Is Nashville The Perfect City For House Flipping?
Atlanta hard money lender Paces Funding's recent blog post explains why Nashville is a profitable city for real estate investing through house flipping. Here's and excerpt of that blog post:
"House flipping in Nashville is profitable for a number of reasons. The general market potential for flipping houses is still well. The quality of life in Nashville is very good. Another reason though is that house flippers generally save money on remodeling and renovation costs when compared to other markets. With many available skilled laborers, construction salaries are lower in Nashville than in other areas where skilled laborers are harder to find. They save money, so they make more money. If you were wondering where the worse place to flip a house in the nation is, it’s Bridgeport, Connecticut."
Paces Funding, Hard Money Lender in Atlanta and Surrounding Areas
Dean Tilman of Paces Funding, the largest hard money lender in Atlanta, is a legitimate hard money lender. Tilman originates and underwrites hundreds of loans every year. Paces Funding offers hard money loans for commercial and residential real estate investments. Tilman has been a full time hard money lender since 2004. He graduated from the University of Florida with both a Bachelor of Science degree in Industrial Engineering and an MBA specializing in finance.
For a hard money loan in Atlanta, Nashville, Florida and the Carolinas, investors can contact Paces Funding. Paces funding is a direct lender of hard money loans in North Carolina, South Carolina, Florida, and parts of Georgia and Tennessee.
If you know of an investor that fits Paces Funding's hard money loan criteria in that area of the United States, have them fill out an application now! They typically answer requests within 24 hours.
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