Is the Fix and Flip Strategy Cooling?
Via DSNews,
From the beginning of the housing market recovery in 2009, REO rehabilitation and flipping or renting has provided to be a strong source of profitability among career property investors and beginners in the industry alike. Despite recent data showing a decrease in foreclosed properties, RealtyTrac still showed that 6.6 percent (43,740) of all single family home and condo sales in the first quarter of 2016 were flips. This was a 20 percent increase from the previous quarter as well as a 3 percent increase from a year ago. It was also the highest rate of home flips since the first quarter of 2014. Continue Reading
