Property Flipping in 2012

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Flipping properties for a profit is on the rise in 2012, up 25 percent from 2011 and up 27 percent from 2010. More details about property flipping trends in this presentation from RealtyTrac, the …

Flipping properties for a profit is on the rise in 2012, up 25 percent from 2011 and up 27 percent from 2010. More details about property flipping trends in this presentation from RealtyTrac, the foreclosure authority.

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  • 1. FORECLOSURE FLIPPING 101with Doug Clark & Mike Baird of Spike TV’s Flip Men
  • 2. What we’ll cover today • A brief introduction to RealtyTrac • What is flipping? • Recent trends in flipping • Interview with the Flip Men • Audience Q&A • Special subscription offer from RealtyTrac©RealtyTrac Inc. 2012, Not for Distribution 2
  • 3. A BRIEF INTRODUCTION TO REALTYTRAC
  • 4. WHAT REALTYTRAC IS • RealtyTrac publishes the country’s largest database of foreclosure and bank-owned properties – Data from over 2,200 counties, covering over 92% of U.S. housing units • #1 Foreclosure site – 1.5 million foreclosure and bank-owned properties nationwide – More coverage, more detailed information than any other national provider • Unmatched property evaluation and transactional tools – HomeScore, Equity & Loan Info, Comparable Sales, Online Offers, Foreclosure-MLS Match, and much more • Tap the hidden foreclosure market©RealtyTrac Inc. 2012, Not for Distribution 4
  • 5. WHAT REALTYTRAC IS NOT • The RealtyTrac foreclosure database is not an “MLS for foreclosure records” • Most of the properties in the RealtyTrac database are NOT on the MLS anywhere – Less than 20% of the homes in foreclosure are listed – Only 15% of REOs are listed – Many MLS organizations prohibit including any REO or foreclosure information in the property listings – RealtyTrac gives you advanced notice that it will likely be ‘For Sale’ in the near future.©RealtyTrac Inc. 2012, Not for Distribution 5
  • 6. WHAT IS ‘FLIPPING?’
  • 7. Flipping Overview What is ‘Flipping?’ •Buying a home or other property usually at a discounted price, rehabbing it to sell at full market value, and re-selling that property --- all within 90 days and ideally for a profit.©RealtyTrac Inc. 2012, Not for Distribution 7
  • 8. RECENT TRENDS IN FLIPPING
  • 9. NATIONAL TRENDS • 99,567 property flips in first half of 2012 • Increase of 25 percent from 2011 • Increase of 27 percent from 2010 • Average gross profit (not including rehab and carrying costs) was $29,342 per flip in first six months of 2012 • Average time to flip was 106 days©RealtyTrac Inc. 2012, Not for Distribution 9
  • 10. STATE TRENDS©RealtyTrac Inc. 2012, Not for Distribution 10
  • 11. LOCAL MARKET TRENDS©RealtyTrac Inc. 2012, Not for Distribution 11
  • 12. LOCAL MARKET TRENDS©RealtyTrac Inc. 2012, Not for Distribution 12
  • 13. LOCAL MARKET TRENDS©RealtyTrac Inc. 2012, Not for Distribution 13
  • 14. LOCAL MARKET TRENDS©RealtyTrac Inc. 2012, Not for Distribution 14
  • 15. NATIONAL TRENDS©RealtyTrac Inc. 2012, Not for Distribution 15
  • 16. INTERVIEW WITH THE FLIP MEN
  • 17. FLIP MEN ON SPIKE TV See Doug and Mike in action every Sunday at 10/9 C on SPIKE TV. Watch recent episodes online: http://www.spike.com/shows/flip-men©RealtyTrac Inc. 2012, Not for Distribution 17
  • 18. AUDIENCE Q&A
  • 19. REALTYTRAC SUBSCRIPTION DISCOUNTS • Go to www.realtytrac.com/webinar to take advantage of either of these offers • Or sign up for a free 7-day trial at https://www.realtytrac.com/profile/Registration.aspx©RealtyTrac Inc. 2012, Not for Distribution 19