Can You Really Make Money Flipping Houses? Here's What the Data Tells Us
Flipping houses has become extremely trendy as a real estate investment strategy thanks to several popular TV shows on the subject. But how realistic are they? Can anyone decide to buy a home, fix it up, and sell for a profit? Is there really money to be made for everyday investors by flipping houses?
The short answer is yes. According to our house-flipping research, there were over 407,000 single-family homes and condos flipped in 2022. The average gross profit on a flip last year was $67,900. This equals a return on investment of 26.9%. It's also important to note that it wasn't just 2022 being a standout year -- home-flipping gross profits have averaged over $60,000 in every year since 2017.
Image source: Getty Images.
Source Fool.com
