remodeled_home

EXCERPT: “Last year, Minnesotans flipped 3,252 homes in 2019, with more than 1,000 flips taking place in Hennepin County, according to a report released Thursday. Home flippers in Minnesota logged a median gross profit of $63,000 and a 35.2 percent return on investment, which put them on par with the national median of $62,900, according to the report. The profit is calculated by the difference between the purchase and flipped price, and does not take into account the renovation costs and extraneous expenses.” FULL STORY: https://fluence-media.co/38wNuPG