Real estate investors look to cash in on COVID-19 opportunities

Investors with money to spare are preparing to take advantage of new opportunities in the housing market that have emerged as a result of the COVID-19 pandemic. While housing stock in many areas remains critically low, investors still see potential growth areas and opportunities for home flipping and rentals. For one thing, some investors say

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Report: Home flips decline as profits tumble

Investors flipped fewer homes in the second quarter compared to the same period one year ago, mostly due to declining profits. ATTOM Data Solutions said in its 2019 Home Flipping Report that the number of homes flipped in the second quarter was down 5.2% from a year ago, comprising 5.9% of all home sales in

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Investors hire Uber & Lyft drivers to spot potential home flips

Real estate companies and investors have hit on the idea of hiring drivers from Uber and other ride-sharing firms to help them search for new properties to flip. The theory is that the drivers can serve as an extra pair of eyes for such companies, helping to spot rough diamonds on their routes that could

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Startup OpenDoor raises $325M in mega-funding round

Online real estate marketplace OpenDoor says it’s raising a whopping $325 million in financing, valuing the company at more than $2 billion.

U.S. Home Flipping Increases 3 Percent in 2016 To A 10 Year High

ATTOM Data Solutions, curator of the nation’s largest fused property database, today released its 2016 Year-End U.S. Home Flipping Report, which shows that

Home flippers are getting nervous recent data shows

Home flippers are getting wary, as the percentage of homes bought and quickly sold off at a profit is receding for the first time in quite a few years.

Rise in home flipping shows that fixer-uppers are back in vogue

Fixer-uppers are back in vogue, with RealtyTrac reporting that 6.6 percent of all single family home and condo sales (numbering 43,740 sales in total) during Q1 of this year were flipped homes, a twenty percent increase from the last quarter and a three percent rise from one year ago. RealtyTrac defines a home flip as

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Home flippers pulled in $102,400 per flip last year

Redfin reports that 2015 was the best year for home flippers yet, with investors making $102,400 per flip on the average, compared to just $98,500 per flip in 2014 and the $90,900 flippers were making pre-recession.

House flipping comes back in vogue

House flipping is enjoying a renaissance of sorts as property investors take advantage of favorable conditions in the real estate market to turn a quick profit on their investment properties.

Data Reveals Pittsburgh is #1 City for Home Flippers

Pittsburgh is the best city in the US at the moment for home flippers, according to recent real estate data released by RealtyTrac. The city provided the best profit for home flippers during third quarter this year.

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