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Flippers’ profits have been shrinking, and annual profit margins are at their lowest since 2008. tache / Shutterstock.com
Real estate data company Attom has a new report identifying U.S. counties where home flippers made the biggest killings in 2022. Flipping, as anyone who watches TV surely knows, involves buying, (usually) renovating and then reselling a home with the hope of turning a profit. Flipping can be lucrative. Attom, reviewing data on about 400,000 properties, found the gross profit — the difference…
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