Alison Kero
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Hello everyone. We do about 150 shows about real estate and related topics every year, but in the holiday season I like to pause for just one show and celebrate Christmas. Today I’m sharing with you some of my favorite Christmas music, commercial-free. I hope you will enjoy the music as much as I enjoyed putting this program together for you.
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I’ve seen the 2021 House Flipping Report and some of you should be terrified. I’ll tell you why on this episode of Flipping America.
It looks like we are going to finish 2021 with about 350,000 homes flipped nationwide. How does this compare to 2020? And what does 2022 look like? We will get into that today on the show.
We won’t know the actual numbers until about March of 22, but based on what I’ve seen so far, it looks like we are flipping about 80-90,000 homes per quarter across the country. That volume is down a bit from 2020, but we are holding steady at about 5% of all homes sold. Here’s something important – gross profits are down. According to Attom Data, gross profits this year averaged about $69,000 per property, which is just slightly less than last year, but this is the important part, the average ROI is down to 33% – down from 40% last year. In a few minutes I’ll break down this data, talk about why this is happening and suggest what you might do about it.
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How do YOU define a top real estate market? And based on your criteria, what would your list of top markets look like? We are going to consider some expert opinions today.
If you’re new to Flipping America, this is a show about real estate. Although it’s called “Flipping America,” it’s not just about flipping houses. We do not encourage everyone to drop what you are doing and start flipping houses like you see on TV. But your hosts, Starr Keels and I are convinced that real estate is a great investment if you choose wisely and everyone ought to have real estate somewhere in their investment portfolio – even if it’s only shares in a REIT.
Today the “investment” part of real estate is a smaller part of the conversation. We are focusing ton the top markets – the hottest markets. Next time we are going to talk about the best places in America to flip properties and next week we are doing a show completely devoted to the best places in America to live – for renters as well as buyers. Also coming next week are planning our annual forecasting show. We will take a look at my predictions for 2021, talk to some experts, and make some more predictions for 2022.
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Frank Vernuccio and Daria Novak discuss top issues facing the country from a conservative point of view
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As always, VERONICA speaks on a number of subjects, plus her message to you and the world. On this show specifically there were a number of questions from the comments that Veronica addressed.
VERONICA’s “Inner Whispers” newsletter is available free at www.InnerWhispers.net
To consult with Veronica directly, inquire at aprilreadings@aol.com
www.AprilCrawford.com
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We would like to take a moment and tell you why we created this network, and show. Our mission is to educate as many people as possible about real-time developments in the cannabis industry. Most people don’t know that, historically, you as an owner or operator are forbidden by Federal Statutes to advertise on traditional terrestrial radio and TV. As a result, your opportunities to reach the masses, and to be heard are completely limited. After a great deal of research and development, W420 Radio Network found a way for your business to have a voice. You can inform the public why you are enthusiastic, and devoted to the industry. Shows are informative, relevant, entertaining, and quick-paced. We bring on air: industry leaders, elected officials, law makers, medical professionals, local experts, industry experts, dispensary owners, growers, operators, investors…
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Best of show with Ida Byrd-Hill and John Smith on Editorial opinions
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