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14 Cities Where House Flippers Are Making A Bunch Of Money

Mamta Badkar,Steven PerlbergJan 31, 2014, 22:48 IST

As home prices ripped higher in 2013, we saw a rise in home flipping - when a home is purchase and sold within six months.

Home flipping was up 16% on the year in 2013, according to RealtyTrac's latest report.

The average gross profit for a flip - the difference between the flipped price and the price the purchase price - was $58,081 in 2013.

In the fourth quarter the gross profit on flips was $62,761.

We rounded up the 14 cities where home flippers made the highest gross profit (in percent) in the fourth quarter.

Note: RealtyTrac looked at metro areas with more than 10 flips in the fourth quarter.