According to RealtyTrac, nearly 100,000 properties were flipped in the first six months of 2012. That marks a 25% increase over the number of homes that were flipped just one year ago. So what made the difference in the housing market for flippers this year?
There are a number of factors at play that are making this the time for house flippers invest:
- Mortgage rates are at an all-time low, pushing many potential buyers to reenter the market.
- Experts believe that housing prices have passed their bottoming out points in most major markets in the US, so homebuyers are eager to buy new homes at their current low prices before the market surges back.
- The current home affordability index is extremely favorable. People who were never able to afford homes before now have properties within their financial reach.
- The number of foreclosed properties in California, Arizona, and Nevada offer a plethora of opportunities for investors to buy undervalued homes and flip them quickly at a significant profit.
All of these factors combined have created an ideal situation for house flippers. Now is the prime time to invest in homes that can be quickly and easily rehabbed for a profit. At Zinc Financial, some of our clients have reported returns on their investment of over 30% in just a matter of months. If you take advantage of this perfect storm for rehab investment, you could easily be our next success story.
If you’re ready to dive in to the house flipping market, the advisors at Zinc Financial are available to help you make the most of your investment. Call our team at (559) 326-2509 today to start learning about house flipping opportunities that meet your individual goals. When you submit an application to us, you could have your rehab loan in your hands within seven business days. Our clients come back to us for private money loans time and time again because we offer personal service, quick funding, and unmatched reliability.