Flipping America

I’ve seen the 2021 House Flipping Report and some of you should be terrified. I’ll tell you why on this episode of Flipping America. It looks like we are going to finish 2021 with about 350,000 homes flipped nationwide. How does this compare to 2020? And what does 2022 look like? We will get into that today on the show. We won’t know the actual numbers until about March of 22, but based on what I’ve seen so far, it looks like we are flipping about 80-90,000 homes per quarter across the country. That volume is down a bit from 2020, but we are holding steady at about 5% of all homes sold. Here’s something important - gross profits are down. According to Attom Data, gross profits this year averaged about $69,000 per property, which is just slightly less than last year, but this is the important part, the average ROI is down to 33% - down from 40% last year. In a few minutes I’ll break down this data, talk about why this is happening and suggest what you might do about it.