Home flipping on the rebound

Residential contractor Michael Boaz expects the home he put on the market this month will sell quickly, even with a $700,000 price that’s beyond the reach of a typical buyer.


But the house in the Meridian-Kessler neighborhood isn’t a normal listing—for another reason. If it changes hands within 12 months of his initial purchase, which Boaz thinks it will, the sale will be considered a flip.


In many metro areas across the country, including Indianapolis, home flipping is on the rise, according to a report from real estate data company RealtyTrac of Irvine, California.



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