Home-flipping is not only a trend but also a common business practice in South Florida, despite the rise of local real estate prices. A flipped home is a home that sells twice within the same year.
Even more so, flippers are surfing the wave of increasing home values that account for stable profits. A crash is not to be feared but good deals are getting harder to spot. Over the period of April, May and June 2015, almost 1,400 single family homes have been flipped in Palm Beach, Broward and Miami-Dade. Read the rest of this entry »