We've all heard flipping houses can be quite profitable, and it turns out Tampa may be one of the best places to flip.
A new study shows our area tops the list when it comes to making a profit from flipped homes: People or investors swooping in and purchasing homes, fixing them up, and then quickly selling them for a hefty profit.
According to Realtytrac, an online site for real estate data, Tampa is among the top 15 markets for flipping homes and making a profit. This is according to the Midyear 2013 Home Flipping Report.
It also shows flipping is up 19 percent from a year ago -- and up 74 percent from the first half of 2011.
So how much are flippers making? According the report, as much as an average of $18,000 per single-family home.
Other areas that made the list? There are quite a few in Florida, including Port St. Lucie, the Orlando area, Palm Coast, Jacksonville, and the Daytona Beach area.
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