Flipping Profits on the Rise, But Can You Maximize Yours?

Dave Robertson
June 25, 2024
5 min read

The housing market may have cooled slightly, but according to a recent report by ATTOM, there's still good news for house flippers. Their data shows that flipping activity and profits have both increased in the first quarter of 2024.

Key Takeaways from the Report:

  • Flipping activity is up: House flipping now represents 8.7% of all home sales nationwide, the second straight quarterly increase.
  • Profits on the Rise: Gross profits on flips reached $72,375 nationally, up from $65,000 in Q4 2023.
  • Profit Margins Improve: The national average gross profit margin increased to 30.2%, up from 27.7% in Q4 2023.
    • Keep in mind, Attom Data calculates the gross flipping profit as the difference between the purchase price and the flipped price (not including rehab costs and other expenses incurred, so these values don't tell the complete story).
Quarter Flipping Activity Trends

Profit Margin Trends

Challenges Remain:

While the overall trends are positive, the ATTOM report also highlights the challenges flippers still face. Profit margins remain below historical peaks, and carrying costs like renovations and property taxes can easily erode profits.

  • Profit Margins Still Below Peak:  Current margins are significantly lower than peaks seen in 2016 (56.3%) and 2020 (48.8%).
  • Carrying Costs Can Eat Away Profits:  Renovation expenses, mortgages, and property taxes can significantly impact profitability.

FlipperForce: Your Formula for Maximizing Profits

Flipping houses is a competitive business, and maximizing profits requires a strategic approach. FlipperForce is your all-in-one software solution designed to help you succeed in any market by applying a winning formula:

Better Analysis + Better Planning + Better Execution = Better Profits.

Better Analysis

Analyze deals upfront with data-driven tools to avoid overpaying and identify properties with the potential for high profit margins. Don't rely on gut instinct; make informed decisions based on concrete data.

house flipping calculator

Better Planning

Create a solid plan for each flip with accurate estimates and timelines. Create accurate rehab estimates so you have a solid budget established for your proejct before you start construction. Plan your construction timelines so all of your contractors know their expectations upfront.

rehab estimating software

Better Execution

Manage your budget effectively by tracking actual expenses against your initial estimates. Keep your contractors on so you can minimize costly delays and expensive carrying costs.

house flip task checklist

By following this formula and leveraging FlipperForce's powerful features, you can streamline your flipping process, make smarter decisions, and ultimately maximize your profits on every deal.

Link to Attom Data Data's 2024 Q1 Report

Dave Robertson
June 25, 2024
5 min read
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