Monday, December 3, 2012

Secrets of successful house flippers

Despite improvements in the housing market, there are still plenty of foreclosed or bank-owned properties ripe for house flippers--professionals who purchase distressed properties to renovate and resell. According to RealtyTrac.com, an online marketplace of foreclosed properties, investors flipped close to 100,000 homes in the first half of the year, making almost $30,000 per flip, on average.

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