Nashville, Memphis Among Top Cities In Home Flipping Profits - NewsChannel5.com | Nashville News, Weather & Sports

Nashville, Memphis Among Top Cities In Home Flipping Profits

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ORLANDO, Fla. (AP) - A new report said metro Orlando leads the nation in the profitability of flipping homes.

The report released by RealtryTrac on Thursday said Orlando last year was top in the nation in terms of the rate of return for purchasing a house and then selling it within six months.

Other metro areas that ranked at the top of the list were Las Vegas; Phoenix; Tampa; Memphis; Miami; Lakeland, Florida; Nashville; Sarasota, Florida; and Tuscon, Arizona.

The report said the average purchase price for a flipped home in Orlando was $103,000, and the average price it sold for was more than $168,000.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

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