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
Our blog

Other Recent Blog Posts

New Features

Configure your Weekly and Daily Digest Timing

Pick what time you receive your Daily and Weekly Lookahead Emails of things you need to get done on the day/week ahead!
Dave Robertson
June 24, 2024
5 min read
New Features

Raise Money with your Completed Portfolio view!

Create an overall Portfolio report that showcases all of your successfully completed projects to help you build massive credibility and secure funding for your deals!
Dave Robertson
June 17, 2024
5 min read
New Features

Powerful New Map & Table Views in Our Dashboards!

Two powerful new features designed to streamline your workflow and empower informed decisions: Map views and Table views across all your Project Dashboards!
Dave Robertson
May 29, 2024
5 min read
New Features

Simplify Your Taxes with Global P&L Reporting

Our new Completed/Sold Table view on the Accounting Dashboard provides an overall Global P&L for all proejcts completed in your account!
Dave Robertson
May 17, 2024
5 min read
New Features

Enhanced Accounting Dashboard!

The Accounting Dashboard has been revamped to provide a clearer and more insightful view of your project finances.
Dave Robertson
May 7, 2024
5 min read
New Features

Upgraded Estimating Dashboard for Smarter Cost Insights

Revamped Estimating Dashboard for users to analyze costs, track spending history, and improve future estimates.
Dave Robertson
April 25, 2024
5 min read

Ready to Take Action?

Sign up for a free trial and join over 1,000 house flippers and real estate investors that have taken their business to the next level!