Michigan City Is One Of The Nations Best For Flipping
Addicted to HGTV, and their house flipping shows? There are a lot of them now, and they are so fun to watch. I watch those shows and keep saying " I can do that". Apparently I am not alone.
Grand Rapids, thanks to a demand for housing is now being ranked as number 7 in the nation for house flipping. That means (to the non HGTV watcher) that houses can be bought for relatively low prices and can basically be gutted, if needed, and flipped back to a wonderful new feeling home.
What is so great about the Grand Rapids area is that when you do a successful house flip in the city, your return on the investment is about 75%. That makes for a great investment.
When analysts compared the 150 largest U.S. cities and looked for 22 key indicators of market potential...cost and quality of life Grand Rapids was ranked 25th, making it a great market for house flippers.