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According to a report from RealtyTrac, the number of flipped homes in the U.S. has increased by 14 percent in the second quarter. Overall, there were more than 51,000 flipped homes across the country.
This is a fairly significant rise. You’ll remember that home flipping took off after the Great Recession, and there are currently a number of popular television shows detailing the process. One big switch now is that many smaller investors are getting in on the game, instead of just larger companies.
The reason is due to affordable loan options and a favorable lending environment.
No matter what, a home inspection is a must-have, whether you’re flipping or buying for yourself.
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