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House Flipping Made Easier

January 2, 2017 By Geoffrey Disch Leave a Comment

Green Escrow | Real Estate News

According to a recent report in the Wall Street Journal, many larger banks such as Goldman Sachs Group, J.P. Morgan Chase & Co, and Wells Fargo are currently extending credit lines to businesses that specialize in lending to house flippers. This flexible financing has resulted in the highest number of investors who flipped a house in nearly ten years.

Many lenders are loosening up their documentation rules, still requiring bank statements but not a W-2 form.

Finally, there has been rapid growth in financing opportunities through online lenders such as Asset Avenue and LendingHome and even crowdfunding sites such as GroundFloor Finance.

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Filed Under: Real Estate Tagged With: house flipping

House Flipping On The Rise

June 25, 2015 By Geoffrey Disch Leave a Comment

Green Escrow | Real Estate

The latest Auction.com’s Real Estate Investor Activity Report indicates that house flipping increased 6.5% in the first quarter of 2015 compared the fourth quarter of 2014. According to the report, many investors prefer to flip properties as opposed to renting them. Experts cite tight inventory as a prime factor which can make it difficult to rent houses at a reasonable rate.

Many investors believe that their best opportunity in this housing market is buying, fixing and re-selling investment properties. Of course, rising rental rates are also an inducement for home buying.

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Filed Under: Industry News Tagged With: house flipping

House Flipping in 2015? Better Think Again…

February 2, 2015 By Geoffrey Disch Leave a Comment

Green Escrow | Remodel

The days of making unbelievable profits from house flipping may be drawing to a close, at least in the Bay Area. While San Jose and San Francisco actually lead the country in flipping houses, according to a recent study by Trulia, slower price gains in the Bay Area mean lower profits or even selling at a loss.

Price flipping, of course, is buying, fixing up and reselling homes in a short time at considerable gain (hopefully).

According to analysts flips accounted for 2.5 percent of the East Bay’s home sales from 2013 to 2014, down from 3 percent a year ago. The South Bay was 4 percent, which is up from 2.8 percent a year ago, and San Francisco was 3.8 percent, up from 2.1 percent a year earlier. Currently, San Jose and San Francisco rank number 1 & 2 in house flipping.

Why the current risk? Today’s high house prices cut into profit when the home is resold, making flips far riskier. House flipping professionals say you better be sure you’re getting a price at least 30 percent below market or you may end up losing money.

House flippings Top Ten:

  1. San Jose
  2. San Francisco
  3. Knoxville, TN
  4. Bakersfield, CA
  5. Nashville, TN
  6. Orange County, CA
  7. Fort Lauderdale, FL
  8. Ventura County, CA
  9. Cambridge-Newton-Framingham, MA
  10. Riverside-San Bernardino, CA
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Filed Under: Real Estate Tagged With: house flipping

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