High-End Flips Producing High Return on Investments

With the current direction of the housing market, real estate investingHigh-End Property can be extremely profitable.  Daren Blomquist, vice president of RealtyTrac, stated, “Home flipping is settling back into a more historically normal pattern after a flurry of flipping during the recent run-up in home prices in 2012 and 2013.”

Presently, some real estate investors are investing in high-end neighborhoods in order to earn large profits.  According to RealtyTrac, the number of flips of high-end properties with a purchase price of $750,000 or more increased 21% since 2013, and purchase prices for flips between $750,000 and $1 million reported a 41% return on investment (ROI).  Pittsburgh, PA was reported to have one of the best ROIs for real estate flips in the second quarter of 2014. Pittsburgh, PA averaged a 106% ROI.  Also on this list was Chicago, IL (54% gross return on investment).

What is your experience investing in high-end properties?