Flipping Houses: Discover the Top 10 States to Profit and Earn $110,000 - Insource Funding

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Location is a critical factor when it comes to house flipping. Depending on the state you choose, your profits could either skyrocket or plummet. For instance, flipping houses in East Coast states such as Maryland or Pennsylvania may yield a faster turnaround and a significant return on investment (ROI), with an average profit of nearly $110,000. However, if you're based west of the Mississippi River, you may find it challenging to make money, given that properties tend to linger on the market for longer periods.

According to a recent analysis by GOBankingRates, which leveraged data from real-estate site Zillow and property-data warehouse ATTOM, you can determine the ten best and worst states for flipping houses based on four crucial metrics. These include median house listing price, the average number of days it takes to flip a house, average gross profit, and average gross ROI.

To help you make informed decisions, here are the top ten states that emerged as the best for flipping houses based on the data analysis: [insert the list of states here]. By choosing any of these states, you stand a better chance of maximizing your profits and achieving success in your house-flipping ventures.

1. Tennessee

Average house listing price: $268,692 Average time to flip: 147 days Average profit: $57,600 Average ROI: 132.7 percent

2. Pennsylvania

Average house listing price: $224,090 Average time to flip: 199 days Average profit: $105,190 Average ROI: 162.4 percent

3. New Jersey

Average house listing price: $372,916 Average time to flip: 207 days Average profit: $102,300 Average ROI: 141.6 percent

4. Louisiana

Average house listing price: $232,610 Average time to flip: 166 days Average profit: $71,866 Average ROI: 104.2 percent

5. Colorado

Average house listing price: $538,477 Average time to flip: 176 days Average profit: $74,300 Average ROI: 155.6 percent

6. Maryland

Average house listing price: $369,454 Average time to flip: 198 days Average profit: $109,617 Average ROI: 109.6 percent

7. Virginia

Average house listing price: $341,015 Average time to flip: 184 days Average profit: $91,783 Average ROI: 99.3 percent

8. Florida

Average house listing price: $406,803 Average time to flip: 151 days Average profit: $59,917 Average ROI: 83 percent

9. Illinois

Average house listing price: $277,163 Average time to flip: 196 days Average profit: $77,317 Average ROI: 110 percent

10. Kentucky

Average house listing price: $213,848 Average time to flip: 172 days Average profit: $55,241 Average ROI: 107.8 percent

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