Average gross profit from a house flip in 2015 was $55,000. And as tempting as that amount of cash sounds, where investors sink their money matters almost as much as experience and skill. WalletHub crunched the numbers to find the best cities to flip houses, and four Texas locales make the list. El Paso comes in third, followed by Lubbock (No. 6), Laredo (No. 10), and Corpus Christi (No. 12). The personal finance site looked at things such as the market’s overall house-flipping potential (average gross return on investment, median purchase price, housing-market health index, and more); renovation and remodeling costs (a new kitchen will cost how much?); and the area’s quality of life (crime rate, median salary, school scores, and the like).
These Texas cities rank among the best places to flip a house
