The Law Office of Michael E. Ripley

Exceeding Expectations

Flipping Houses in San Diego is Becoming Profitable Again

According to the Union Tribune newspaper (May 9, 2013), flipping houses in San Diego is making a profitable comeback. The article indicates that 31% of the homes sold in the first quarter of this year were bought for investment or for vacation homebuyers. The article also indicates, that those that flip houses, the average purchase is $300,000.00, the average flipped price is $385,000.00, a gross profit of 29%.