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Is House Flipping Still Profitable in 2022?
Manage episode 321685395 series 3314152
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House flipping has been popular and profitable for many years, but what about in 2022? Home prices are soaring, supply chain issues, building materials cost more and labor shortages. We talk with a former television news anchor whose been buying, renovating and selling homes since he retired three years ago. Charles Ely was an anchor and reporter for KTUL in Tulsa for decades. Ely is now finishing up his fifth home flip. He goes over the challenges and rewards of flipping during the pandemic.
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