From the article headline, “Does house flipping still pay?” What a great question right now! Here’s the link from the article in The Real Deal (SEP 6, 2018):
It depends on the financing, the location (of course), how much a rehabber pays for a property (let’s avoid multiple offers, shall we), the experience of the rehabber and their connection to quality contractors, the timing of when it’s ultimately offered to the market, and other factors.
According to the article, Chicago’s market for flipping is stronger than other big cities. This would make sense, because at the moment we have pricing of homes in need of improvements below that of what people would pay on the Coasts.
So, let’s pick up a hammer and get to work!