May 26, 2018

10 Best Counties for House Flips

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10 Best Counties for House Flips

Maryland counties are among those offering the highest returns on home flipping over the last year, according to a new analysis by RealtyTrac. The company analyzed 1,050 counties nationwide to find areas with some of the largest returns on investment, availability of inventory to flip, and low unemployment rates. 

Flipping was down in the first quarter of 2014 compared to a year ago, but flippers were making a bigger average profit per flip, according to RealtyTrac’s analysis. The average gross profit per flip nationwide was $55,574 in the first quarter, a 30 percent return on the initial purchase price. 

The following are the 10 best counties for flipping in 2014, according to RealtyTrac: 

  1. Prince George County, Md. 
  2. York County, Pa. 
  3. Baltimore County, Md. 
  4. Campbell County, Ky.
  5. New Castle County, Del. 
  6. St. Mary's County, Md. 
  7. Anne Arundel County, Md. 
  8. Wright County, Minn. 
  9. Bergen County, N.J.
  10. Montgomery County, Md.  

Source: RealtyTrac

Read more:

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Investors Target 'Hipster' ZIPs for Flipping
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