Make money flipping homes pyramid for mom and pop flippers. The mom-and-pop flippers are getting the worst “deals” and taking longer to flip. This probably makes sense intuitively given that professional volume flippers are more experienced at both negotiating discounts upfront and at having a defined process in place to complete rehab and market the home for sale.
While some may think home flipping is the domain of high-powered, highly capitalized institutional investors, the data suggests otherwise.
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Make Money Flipping Homes Pyramid
More than two-thirds (69 percent) of all single family homes and condos flipped in the first quarter of 2017 were by investors of the mom-and-pop variety who just completed one flip during the quarter, according to an analysis of data from the ATTOM Data Solutions Q1 2017 U.S. Home Flipping Report. Stacked on that broad base of the pyramid are mid-tier investors who completed two to nine flips during the quarter and accounted for 20 percent of all home flips during the quarter. At the top of the pyramid are those mythical top-tier investors who completed more than 10 flips during the quarter (and only 3 percent of all flips were by investors who completed more than 100 flips during the quarter).
But the pyramid turns upside down when looking at the average purchase price of homes flipped and average time to complete a flip, indicating the mom-and-pop flippers are getting the worst “deals” and taking longer to flip. This probably makes sense intuitively given that professional volume flippers are more experienced at both negotiating discounts upfront and at having a defined process in place to complete rehab and market the home for sale.
