Florida house flipping is a profitable business. Large companies such as Taylor Morrison, Neal Communities, Lennar, and Pulte group are capitalizing on the declining inventory of homes for sale, increased demand from buyers, low interest rates, the improving economy, and greater consumer confidence.
Florida currently is responsible for 13 percent of house flipping nationwide, second only to California, according to a study published by RealtyTrac. The average gross profit for Florida house-flipping in Daytona was 82 percent! Jacksonville ranked sixth with an average of 16 percent, and Orlando ranked 15th with an average of 10 percent.
Florida house flipping is not just for giant companies. Individuals can make a profit from house flipping, or they can turn their “hobby” into a small- to – medium sized business, which may then grow into a larger company. For foreign investors, this could be a path towards a visa or permanent residence.
If you are simply looking for a closing agent, or if you are interested in starting a Florida house-flipping company, Boyer Law Firm’s experience business law and real estate law attorneys can help, so contact us today.