The sky is the limit!
Ventura County cities ranked #3 for house-flipping!
http://247wallst.com/2012/10/09/the-best-cities-to-flip-a-house/3/3. Oxnard-Thousand Oaks-Ventura, Calif.
> Avg. gross profit: $78,106
> Homes flipped through mid-2012: 535
> Avg. home price: $416,790 (14th highest)
> Avg. days to flip: 112
In an area where one in every 62 homes is in foreclosure, news of a decrease in the supply of foreclosure filings must seem like welcome news to the local housing market. Still, the greater Ventura area is highly appealing to house flippers because the heavily discounted properties are sold quickly for significant gross profits, according to RealtyTrac data. The housing market of Ventura’s metropolitan region, the Oxnard-Thousand Oaks-Ventura MSA, was one of the biggest decliners in the country, falling by 43.6% from its peak in the first quarter of 2006, the median home price in the area fell by 43.6%.
Read more: The Best Cities to Flip a House - 24/7 Wall St. http://247wallst.com/2012/10/09/the-best-cities-to-flip-a-house/#ixzz2Bz1U36sn