Aug 1, 2017
WalletHub: Investors flip for El Paso homes
EL PASO – Sun City ranked first on WalletHub's list of 2017's best places to flip houses. Other cities in the top ten include Sioux Falls, S.D.; Fort Wayne, Ind.; Peoria,...
EL PASO – Sun City ranked first on WalletHub’s list of 2017’s best places to flip houses.
Other cities in the top ten include Sioux Falls, S.D.; Fort Wayne, Ind.; Peoria, Ariz.; Oklahoma City, Okla.; Tampa, Fla.; Grand Rapids, Mich.; Boise, Idaho; Greensboro, N.C.; and Springfield, Mo.
Lubbock was the only other Texas city in the top 20, ranking 12th.
To compile the list, WalletHub’s analysts compared the 150 largest U.S. cities in 22 key indicators of market potential, cost, and quality of life.
According to RealtyTrac, home flipping is at its highest rate since 2007. The average gross flipping profit in 2016 was $62,624.
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