RealtyTrac predicts that investors in 2013 will turn their attention to buying and flipping homes. In case you’re not familiar with the term, the real estate data company describes flipping as buying a property and selling for a profit within 90 days. RealtyTrac looked at more than 600 metro areas and put together a list of the top 25 markets where single homes were flipped in 2012. It also pinpointed the top 25 markets where investors made the most money.
Cities in California and Florida dominate the list of where single homes were flipped:
- Orlando, Florida
- Las Vegas, Nevada
- Phoenix, Arizona
- Tampa, Florida
- Memphis, Tennessee
- Miami, Florida
- Lakeland, Florida
- Nashville, Tennessee
- Sarasota, Florida
- Tucson, Arizona
- San Diego, California
- San Jose, California
- Sacramento, California
- San Francisco, California
- Ventura County, California
- Inland Empire, California
- Modesto, California
- Santa Rosa, California
- Bakersfield, California
- Cape Coral, Florida
- Seattle, Washington
- Stockton, California
- Vallejo, California
- Denver, Colorado
- Detroit, Michigan
If you’re thinking about buying and selling quickly, take a look at our video How Do I to Find Foreclosures as well as the Free Downloadable Guide and our Mortgage Fees video and Free Downloadable Guid
