Guess who has the flips?
According to a recent study by Trulia: Nashville, Memphis and Knoxville are in the Top 10 cities for highest percentage of flips sold in 2016.
They looked at sales and permit data to measure flips as a percentage of total sales. Not all improvements require permits, so they did not catch them all. Â
The renovation boom that hit Nashville a few years ago is finally catching up to the rest of the nation. Across the country, flips haven’t been this strong since 2000.
Las Vegas was the #1 city with 10.5% of all sales deemed a flip. Memphis came in fourth at 8.2%. Nashville in fifth at 8.1%. Knoxville came in ninth at 7.6%.
Flipping homes used to be a local business and now that’s changed. Investors have their eye on Tennessee and these other cities for one reason: Price Appreciation
Flipping is easier when the market moves up in price. And investors from across the country have been attempting to capitalize on it. Â
If you have your eye on Nashville, then we may want to talk.
Not everyone approaches investment property from the same angle. We’ve found that we work best with those who:
- Want to learn what Nashville has to offer
- Know what they want to achieve
- Focus on finding value in the market
If this sounds like you, just hit reply or give me a call at 615-519-0983. Â
Otherwise…
Check out the rest of the Trulia report here.
The Daily Deal in Nashville is this brick ranch in Madison being sold at Absolute Auction [Estate] with a starting bid of $75,000.Â
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