By Andy Medici
If you are looking for the best place to flip a house in Greater Washington — and nearly double your money — then the District is your best bet, according to housing data firm RealtyTrac.
D.C. offered sellers more than 95 percent return on investment on flipped homes in the first quarter of 2016, defined in this case as homes sold twice within a 12-month period to non-family members. The sales had an average gross profit of $291,400, according to RealtyTrac.
Overall, 8.3 percent of homes sold… …read more
From:: biz journal foreclosures