Austin ranks among worst U.S. cities to make money flipping houses

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Austin home-flippers generate significantly less on properties than the national average, according to a new report by Attom Data Solutions. The report found that 216 single-family homes and condominiums were flipped in the Austin metro during the second quarter, for a median sale price of $335,160. That compares with a median purchase price of $266,000, for a return on investment of 26 percent — among the lowest rates in the 950 counties examined by Attom. The average amount of time it took to…
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