Find Real Estate Agents and Homes for Sale


Real Estate News --> South Dakota News

Flip or Flop? Top 5 Cities With Investment Potential


Earning the second best location is the city of Sioux Falls, South Dakota. With some of the lowest average remodeling costs, Fort Wayne, Indiana, and Peoria, Arizona follows as third and fourth, respectively. As a location with one of the most real-estate ...


Archived Story

Author: Nicole Casperson in Daily Dose, Data, Featured, Headlines, News August 1, 2017 0 Becoming a house-flipping expert takes more than just binge watching episodes of HGTV’s “Flip or Flop.” The glamor of television makes flipping houses look like a fun project guaranteed to fill pocketsHowever, that’s not always the case. Bringing a more realistic approach to house flipping, WalletHub released 2017’s Best and Worst Places to Flip Houses report, which determined the locations for best, and worst, investment opportunities. According to the report, it is important to note that before deciding to buy into a project, careful research needs to be doneBut, in the rush to make a profit, far too many real estate investors overlook the data and end up failing. To help investors avoid future flops, WalletHub’s analysts compared the 150 most populated cities across three key dimensions; market potential, renovation and remodeling costs, and quality of lifeThose dimensions are evaluated using 22 metrics, with each metric graded on a 100-point scaleThe higher the score, the more favorable the market is for house flipping. So which cities aspiring home flippers should consider, and which should they avoid? Located at the far western corner of Texas is the city of El Paso, and with a total score of 69.60, it ranks as the best place to consider house flippingEarning the second best location is the city of Sioux Falls, South Dakota. With some of the lowest average remodeling costs, Fort Wayne, Indiana, and Peoria, Arizona follows as third and fourth, respectivelyAs a location with one of the most real-estate agents per capita, Oklahoma City, Oklahoma completes the top five. The western and northeastern coasts are home to the bottom five markets for house flippingOakland, California, total score of 31.92, ranked the worst and had one of the highest median home purchasing prices. Yonkers, New York, Newark, New Jersey, San Francisco, California, and Los Angeles, California complete the bottom five with some of the highest remodeling and purchasing costs. Find out where your city ranked by clicking here. House Flipping House Prices HOUSING mortgage WalletHub 2017-08-01 Nicole Casperson tweet !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src="//platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); (function() { var po = document.createElement('script'); po.type = 'text/javascript'; po.async = true; po.src = 'https://apis.google.com/js/plusone.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(po, s); })(); Previous: Housing: 6 Months in Under 60 Seconds Next: Predicting the Housing Industry About Author: Nicole Casperson Nicole Casperson is the Associate Editor of DS News and MReportShe graduated from Texas Tech University where she received her M.Ain Mass Communications and her B.Ain JournalismCasperson previously worked as a graduate teaching instructor at Texas Tech's College of Media and CommunicationsHer thesis will be published by the International Communication Association this fallTo contact Casperson, e-mail: [email protected]/* */ Leave a Reply Cancel reply Your email address will not be publishedRequired fields are marked *Comment Name * Email * Website Related Articles Last Chance August 4, 2017 Appraiser Shortage or Not, New Education Requirements Will Help August 4, 2017 Sign On the Dotted Line August 4, 2017 Wells Fargo Closes Door on VA Refi Issues August 4, 2017 Mind the Gap August 3, 2017 Saying Howdy to Home Price Appreciation August 3, 2017 HOUSING INDUSTRY Predicting the Housing Industry August 2, 2017Author: Brianna Gilpin EDUCATION Appraiser Shortage or Not, New Education Requirements Will Help August 4, 2017Author: William Fall LOAN FILE DATA Calling LOS into Question August 3, 2017Author: Brian Fitzpatrick HOUSE FLIPPING Flip or Flop? Top 5 Cities With Investment Potential August 1, 2017Author: Nicole Casperson HOME PRICE APPRECIATION Saying Howdy to Home Price Appreciation August 3, 2017Author: Brianna Gilpin NAFCU Credit Unions in Need of Relief August 2, 2017Author: Brianna Gilpin Newsletter Thank you, your sign-up request was successful! Please check your e-mail inboxGiven email address is already subscribed, thank you! Please provide a valid email addressOopsSomething went wrongPlease try again later Recent Forums Comments Last Chance August 4, 2017 Appraiser Shortage or Not, New Education Requirements Will Help August 4, 2017 Sign On the Dotted Line August 4, 2017 Welcome to the feedback forums! Started by:  Anonymous 3 years, 5 months ago The Road to GSE Reform Bill Maloni: Not a lawyer, but it... The Road to GSE Reform Bill Maloni: I think MrStegman... The Road to GSE Reform Mark Hu: what happens if a ju... Our Community — Our Community —Five Star Institute Five Star Conference Five Star Government Forum Legal League 100 DS News Black Book FORCE REO Red Book Short Sale Certification/REO Certification Default Title Coalition DS News Digital Mail Us Corporate Office: 1349 Empire Central Drive Suite 900 Dallas, Texas 75247 Archives — Archives —Daily Dose April 2014 March 2014 February 2014 January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 Call Us By Phone: Phone: 214.525.6700 Industry Resources — Industry Resources —Consumer Financial Protection Bureau U.SDepartment of the Treasury HUD U.SDepartment of Veterans Affairs Federal Housing Finance Agency Fannie Mae Freddie Mac Homeownership Preservation Foundation HOPE NOW Alliance National Association of Realtors Email Us Email Address: [email protected]/* */ Contact Us Form theMReport.com

Trending South Dakota News:


  • Official: SD man kills 4, including self, wounds 1
  • LTC Enters $23 Million Joint Venture with New Partners
  • Brandon, SD Homes For Sale & Real Estate
  • All About Real Estate, Home Building -- Plus Those They Help
  • South Dakota Cropland Slides 5%
  • Databank: April 12
  • Do You Live in a Happy Place ... or a Pit of Despair? Find Out Here
  • AP sources: Sen. Tim Johnson to retire
  • Lack of snow not good for SD winter wheat, alfalfa
  • Wyoming tops state economic index
  • Piedmont Office Realty Trust Inc
  • State bridge loans can help with ag land purchases
  • Lead, SD Real Estate
  • Some legislators take sudden route to Pierre
  • Economy Watch: State Unemployment Rates Mostly Stable
  • South Dakota agricultural land values increase moderately in 2014
  • Harrisburg, SD real estate and demographic information
  • South Dakota pulls driving campaign over innuendo
  • The Dirt: Spokane Transit Authority plaza upgrades in full swing
  • Northwest Central South Dakota Bison Riders Weekly Radio Editor Transcript