by kramoltz@hotmail.com | Aug 1, 2023 | Home Buying, Selling Your Home
Phoenix is second in the country in negative returns for home flippers in the first quarter of this year. The average Phoenix flipper lost nearly $10,000 on each flip. Only Austin Texas did worse. Phoenix has also had one of the lowest raw profit margins –...
by kramoltz@hotmail.com | May 27, 2015 | Home Ownership, Real Estate Facts & Figures
Only 4% of all U.S. single-family home sales in the first quarter were flips – defined as sold for a second time within a 12-month period. According to RealtyTrac’s first quarter 2015 U.S. Home Flipping Report, this was the lowest number of homes flipped...
by kramoltz@hotmail.com | Feb 28, 2015 | Home Buying, Mortgages + Lending, Selling Your Home
There is good news from the Federal Housing Administration (“FHA”) for real estate investors. Late last month Commissioner David H. Stevens extended FHA’s temporary waiver of the agency’s “anti-flipping rule.” Flipping is the practice of selling a home in...