ReCasa Financial Blog
With the current direction of the housing market
, real estate investing
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?
The post High-End Flips Producing High Return on Investments first appeared on ReCasa Financial Group.
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