Investor Central

Welcome to the premier resource for Las Vegas investors looking to generate wealth through real estate. Whether you already own a property and need management help or you need assistance to get started, you have found the right place.

Monday, May 6, 2013

Report: Las Vegas Among Top Spots to ‘Flip’ Homes

For those unaware of this investment technique, to "flip" a home means to quickly sell a newly acquired house for profit. According to the following report from RealtyTrac, the Las Vegas valley is the second best place in the country to flip a home. The statistics reported on this practice are rather overwhelming, with Las Vegas holding a profit percentage that was second highest in the country. Read the following stats quoted directly from the article linked below:
There were 4,341 such sales of single-family homes in the valley last year, down 21 percent from 2011. The average purchase price was $133,198 and the average sales price was $203,945, giving the flippers a 53 percent gross profit  $70,746.


No comments:

Post a Comment