According to RealyTrac, house flippers in the U.S. bought homes, on average, 8% lower than the estimated value of the house, and re-sold for approximately 6% above market value. Most house flippers make their money by buying a home at a significantly discounted price, making repairs, adding visual enhancements, and then selling the home above the home’s estimated value. A few locations with the best markets for flipping are Pittsburgh, PA, New Orleans, LA, Richmond, VA, Atlanta, GA, and Chattanooga, TN. Home price appreciation has helped house flippers in both good and bad markets throughout the United States. More here
