New numbers on the Southern California housing market provide further evidence that it is an opportune time to flip houses. According to real estate research firm DataQuick, investors flipped 1,377 homes in Southern California during the month of May. That marked the highest number of homes flipped since June 2005 when investors flipped 1,394 homes. According to the firm, a flipped house is considered any home that is bought and resold within six months.
The numbers show that investors are flocking to the Southern California market, which is outpacing much of the rest of the country in terms of houses sold, increases in prices, and numbers of offers on homes. In the current marketplace, sellers are frequently getting multiple offers on homes within a day of putting them on the market. Clearly, the climate is ripe for house flipping, and savvy investors are taking note.
Be Smart Before Jumping into Fix & Flip Investments
But be careful not to jump headfirst into the house flipping market without a solid understanding of what is involved in house flipping. This includes the necessary research, planning, and financing. If you’re interested in flipping houses, contact ZINC Financial today to learn more about the best way to get started.
With so much hype and enthusiasm surrounding house flipping, it’s easy for novice investors to get overwhelmed and make poor buying decisions. Make sure that you make the most of this opportune investment window by partnering with a private money lender that will help you secure financing quickly and easily without costing you a fortune in interest or fees. ZINC Financial offers some of the most reputable and well-backed rehab loans in the industry, providing financing to experienced fix & flip investors as well as novice property investors.
In addition to financing assistance, ZINC Financial can help you navigate the Southern California housing market, providing solid research and expert advice on which properties might be the most lucrative opportunities. At ZINC, we succeed when our clients succeed, which is why we work hard to provide you with the best tools and resources for successful fix & flip investments. Give yourself the best chance at succeeding as a house flipper by calling ZINC Financial today at 559.326.2509.