A recent study done by ATTOM Data Solutions states some zip codes in the Bay are ranked among the nation’s hottest housing market for flippers. In the first two quarters of 2017 Contra Costa County, Santa Clara County, and Solano County were the locations that yielded the highest ROI for flippers. Even though the Bay Area is one of the more expensive places to live in the country, there were big returns to be realized by those engaged in flipping houses.
Some of the more affordable cities who made the list include San Pablo, Concord, Pittsburg, Antioch, and Oakley in Contra Costa County with as much as a 62.9% ROI in one instance.
In Solano County, one of California’s hottest housing market in the past four months, a Fairfield zip code saw an ROI of 55% or $126,000. Flippers in Campbell and some San Jose zip codes saw an ROI of 48.6% which equaled a happy return of $450,000!
With these outstanding returns, it is no wonder that flipping is alive and well in the Bay Area.
As a Realtor or Lender, if you have been unable to help a client obtain a loan for one of their projects, give us a call at 707-523-2099. We are in our 30th year of doing hard money loans in California, and getting loans approved for dump properties is no problem!
Best, Ken - Another Guy in the White Hat
Lead Hard Money Loan Originator at family owned and operated Sun Pacific Mortgage & Real Estate, California's Hard Money Lender Since 1988. www.Sunpacificmortgage.com 707-523-2099.
CA BRE License #01858042. NMLS #1221130