House flipping activity dropped 7.7% year-over-year and sits 32.4% below 2022 peaks, but average profit per flip climbed to $72,000. David Sidoni explains how to use your primary residence equity and rent-replacement strategies to get started.
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So why is house flipping decreasing when the profits are increasing? Flipping dropped 7.7% from 23 to 24, and that's 32.4% off the high in 2022. But the profits increased from 67,800 to $72,000 profit per flip. And here's one giant tip that got a lot of these house flippers started. You can start your house flipping career with your very own first property. Not talking about your first investment, I'm talking about the first home that you own. Everyone's seen skyrocketing rents for the last decade. Well, now you can start paying yourself and then pull equity from your home and start buying multiple homes to flip and grow your empire. And you can get all the secrets for a rent replacement strategy buying your first home on the how to Buy a Home podcast and share this exciting house flipping information for all your friends who want to be entrepreneurs.