Looks like house flipping is making a comeback. According to Realtytrac.com:
The average gross profit for a home flip — the difference between the flipped price and the price the flipper purchased the property for — was $58,081 for all U.S. homes flipped in 2013, up from an average gross profit of $45,759 in 2012. The average gross profit for homes flipped in the fourth quarter was $62,761, up from $52,746 in the fourth quarter of 2012.
Let’s just hope we don’t forget what happened the last time (in 2006 or so) we got so excited about flipping houses.
