Are you an aspiring house flipper looking for the perfect location to maximize your profits? Well, look no further! Recent data reveals that Arizona is the ultimate house flipper’s paradise with a whopping 20% return on investment, sky-high sales rates, and low remodeling costs. This makes Arizona the top state for real estate investors seeking to make a splash in the booming housing market.
According to a study by Highland Cabinetry, Arizona tops the list of the best states for house flippers, followed by Florida, Colorado, Hawaii, Idaho, North Carolina, California, South Carolina, Washington, and Tennessee. These states offer a range of remodeling costs, house sales per capita, average house sale prices, and overall scores for house flipping.
But why is Arizona the hottest spot for house flippers? Well, it’s all about the numbers. With an average remodeling price of $64,194, high sales rates per capita, and an average house sale price of $429,787, Arizona provides the perfect combination of affordability and profitability for savvy investors.
In addition to Arizona’s appeal, real estate data provider ATTOM’s 2024 U.S. Home Flipping Report shows that home flipping activity and profits are on the rise nationwide. The report reveals that 67,817 single-family homes and condominiums were flipped in the first quarter, accounting for 8.7% of all home sales from January through March.
Despite the challenges in the housing market, investors are starting to see a turnaround in the flipping industry, with increasing interest and profits on the horizon. So, if you’re ready to dive into the world of house flipping and maximize your returns, consider Arizona as your prime investment destination.
Stay tuned for more exclusive insights and expert advice on real estate investing from Extreme Investor Network, your go-to source for all things finance and investment. Happy flipping!