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Home-Flipping Outlook for 2020: Three Areas That Are Definitely Worth the Investment

by Brenda K. Love 02/14/2021

Image by Mark Ort from Pixabay

While house-flipping in general is slowing down, and profits are slowly decreasing, there are still a few places left worth flipping. Here, real estate investors can score big returns by buying foreclosed or distressed properties, renovating and then selling them. If you're an investor who's looking to dive in, these five U.S. cities are tops in the nation for home-flipping profits.

Pittsburgh, Scranton, Reading

Pennsylvania is a big player when it comes to the best cities for home flippers. Pittsburgh, Scranton, and Reading all consistently average well above a 100-percent ROI for investors brave enough to take the plunge, with Scranton topping the list at 134, according to AnchorLoans. Pittsburgh is second at 132.5 percent, and Reading comes in at an impressive 129.3. Several factors combine to make these areas ideal for home investors:

  • Pennsylvania hovers near the top of the list for home foreclosures, meaning plenty of properties are available.
  • Home values in these cities are beginning to edge up. Once you've flipped your home, you won't have any trouble selling it. 
  • These towns are riddled with older homes that sell low because they need renovation. Once flipped, the market for reselling them is prime. 

If you're considering entering the house-flipping industry, these three towns in the Keystone State are good places to begin. 

Kingsport, Tennessee

Kingsport, TN boasts high livability scores, thanks to its strong economics, sweeping Smokey Mountain vistas, and tons of green space. The average annual income here is around $37,500, lower than other cities in the U.S. But it's high enough to make the average home highly attainable at just over $135,000. Kingsport is right in the middle of a huge tourism industry that's built around country music, and you can't fault the view. House flippers who come to buy up older homes, renovate and then sell them are earning up to a 104-percent ROI. This makes Kingsport a major attraction for investors looking to flip. 

Augusta, Georgia

Home flippers in Augusta are still clearing an average profit of 101.1 percent -- even as the flipping industry continues to decline. This is due, in part, to the downtown area that's rapidly under development. Augusta University and the Cyber Training and Innovation Center are huge draws for this area, and rental properties are in great demand. This makes downtown Augusta a prime real estate market for anyone hoping to buy high and sell higher. 

If you've always wanted to try your hand at real estate flipping, you're getting in near the end of the game in 2020. Still, if you snap up the right properties in the right areas, there's money to be had. These cities are great jumping-off points.

About the Author
Author

Brenda K. Love

With over 10 years experience serving the Dallas and metro area, I am dedicated to providing my clients with outstanding customer service and to earning the referral business of my clients. I focus on family values and customer service. I have made a lot of friends in this business. Constant communication is a big part of my success. Proven professional who brings knowledge, skill and care to every transaction. I would love to be your realtor and if you know of anyone who is thinking about buying or selling a home or would just like additional information about property values in my area then call, text or email me today. If you or someone you know are a veteran, firefighter, policeman, teacher, doctor, nurse contact me about special incentives. If you or someone you know has a blemish on your credit report and is not in active bankruptcy contact me about a new company that can help you get into a home. If you need a reputable credit repair company that will give you help to get back on the right track then I have a great company. If you want to purchase a home but still don't have enough saved there are still available funds to help you with that. Are you or someone you know relocating to the Dallas area? I have helped families relocate here. I understand your family's needs. Certifications: New Home Construction, Senior Designation, American Warrior, First Time Home Buyer, EPRO,Relocation