Flipping Rate Across U.S. Rises Close to High Point This Century; Typical Profit Margins Inch Up but Still Near Lowest Level Since 2000; Raw Profits Remain Near 10-Year Low IRVINE, Calif. – June 22, 2023 — ATTOM, a leading curator of land, property, and real estate data, today released its first-quarter 2023 U.S. Home Flipping Report showing that 72,960 single-family homes and condominiums in the United States were flipped in the first quarter. Those transactions represented 9 percent of all sales. The latest portion was down from 9.4 percent of all home sales in the nation during the first quarter of 2022.…
Author: Private Lending Agent
Better Homes & Gardens Real Estate Appoints Ginger Wilcox as Brand President Leading real estate executive to lead company's continued growth MADISON, NJ (June 14, 2023) — Better Homes and Gardens® Real Estate (BHGRE), a dynamic real estate network within the Anywhere Real Estate Inc. (NYSE: HOUS) portfolio of brands, today announced a new leader for the BHGRE brand. Effective immediately, Ginger Wilcox will become Brand President, BHGRE. She will assume the role long held by industry icon Shelley Criss, who recently became an Executive Advisor to Anywhere Brands. Wilcox will be responsible for BHGRE's global network of approximately 420…
Bloomberg/Getty Images V. Bawa/June 7, 2023 5:58 AM EST For people who are passionate about real estate and design and prefer a hands-on approach, flipping homes is an exciting job. But it can be tough to bring your ideas to life and turn a big profit. One key tip from Pagé Turner is to not invest in pricey appliances. “A lot of resellers skip that, but I think it benefits resellers to bring in high-end appliances that they don't have to buy at full price,” she told Realtor. According to her, it's something you'll have to deal with anyway, so…
There are 16 million vacant houses and not a drop of drinking water.As the U.S. housing crisis deepens, some savvy investors are turning to the abundance of vacant homes as a solution to the supply shortage.The Real Deal's Deconstruct podcast spoke with Kurt Carlton, who co-founded the investment platform New Western during the Great Recession, which has since offered small investors the opportunity to profit from buying distressed assets. Carlton said there is now an opportunity for the open position — and the rewards are bigger than the benefits. Fix-and-flip investors can bring disused homes back onto the market, helping…
Photo: Clem OnojeguointroductionIn the fast-paced world we live in today, reselling has become a very popular way to make a profit. Whether you’re an experienced entrepreneur or a beginner looking to get started, there are plenty of opportunities to take advantage of in 2023. In this article, we’ll show you some of the easiest things you can resell profitably this year, with valuable insights and tips from the Resell Calendar to help you resell successfully.Electronics IndustryA great way to resell electronics is to look for gently used or refurbished products that are in high demand and competitively priced. From smartphones…
Photo: Clem Onojeguo introduction In the fast-paced world we live in today, reselling has become a very popular way to make a profit. Whether you’re an experienced entrepreneur or a beginner looking to get started, there are plenty of opportunities to take advantage of in 2023. In this article, we’ll show you some of the easiest things you can resell profitably this year, with valuable insights and tips from the Resell Calendar to help you resell successfully. Electronics Industry A great way to resell electronics is to look for gently used or refurbished products that are in high demand and…
Here's how much the average house flipper makes and what you can do to be successful. House flipping has become very 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 it at a profit? Can everyday investors really make money by flipping homes? Short answer The short answer is yes. According to our home flipping research, over 407,000 single-family homes and condos were flipped in 2022. The average gross profit from a flip last year was…
When it comes to finding a potential commercial property, thorough due diligence is a critical component of the process for site selection. Conducting thorough research and analysis helps ensure that you make an informed decision that will benefit your business in the long run. Despite its importance, many investors and business owners make due diligence mistakes that can lead to regrettable outcomes. Not Considering the Location’s Accessibility When choosing a location for your business, it is important to consider how easily your customers and employees will be able to access the site. Accessibility is a crucial aspect that…
Source: HGTVShortly after Fix My Flip season 2 premiered, fans began wondering if there would be a season 3. And when Distractify had an exclusive interview with the show's star, Paige Turner, we learned just how committed she is to the HGTV series. So, will there be a Fix My Flip season 3? There will always be homes to flip and clients to help make their dreams come true.Article continues below adOutside of Fix My Flip, Paige worked as a real estate broker for years, and when she was offered the chance to star solo in her own series after…
HGTV You've probably seen someone on TV or social media talking about “the real estate game,” as if investing in a $600,000 property, shopping around for the perfect agent, and working hard to renovate the house is as easy as picking up a controller and turning on an Xbox. But as Fix My Flip star Paige Turner (who's made millions in real estate and orchestrated over 100 profitable flips) tells us, treating the business like a game or a side hustle can quickly leave you with nothing. In an exclusive interview with House Digest, the HGTV host explained why. advertisement…