5.9% of all home sales in the United States in 2020 were flipped homes. This is a decline from 6.3% recorded the year before, but that isn’t a surprise as the Coronavirus affected the real estate market, construction, and supply.
Still, it showed how much value lies in flipping if 241,630 homes and condos were flipped in the United States in 2020. House flipping is quite popular, especially for those in the real estate sector.
However, if you are just starting, there are certain things you need to know about how to buy and flip houses. This article helps you navigate this new and exciting world, whether you’re a new investor or an experienced one.
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