real estate developments in these areas may not fully ac- count for Boomers as renters. As architects, developers and investors plan for new com- munities, consider designing rental communities in loca- tions that cater to the growing demand of Boomers. To be clear, we are not fore- casting the end of homeown- ership. We just expect a con- tinued increase in the number of Boomers who rent. •
erage price of the second sale (flip). Average gross return on investment was calculat- edby dividing the average gross profit by the first sale (purchase) price. •
pro forma, you will want to investigate the difference. When in doubt, use their tax return figures, as these typi- cally will be more reflective of actual operating costs. •
> Continued from :: PG 93 Crowdfunding Crusader
places to learn and get the skills they need, and they should find groups where they feel it is comfortable and safe to do so. In choosing the right real estate crowdfunding partner who is willing to educate you, do proper due diligence to mitigate unnecessary risks in the investments they recommend so you can rest assured of a safe investment. Our company, for example, does extensive research prior to investing. Our team finds the best possible partners in the territories who know that geographical area and understand the market. This, combined with the 99-point due diligence plan that they go through to ensure that an investment is a good and safe one, assures our investors their money is safe. • states you can call the re- spective utility company and it will provide you the actual utility billings during the last year for the property in question. You also will want to look at the seller’s tax re- turns related to the property in question and compare the tax return to what the seller and the real estate broker may be representing in terms of operating costs. Obviously, if their costs are much higher on their tax return than their selling > Continued from :: PG 121 What's it Going to Cost?
> Continued from :: PG 131 A Flip of the Numbers
> Continued from :: PG 132 Boomers on the Move
While many of these wealthier households are in areas we would expect, new
(7.1 percent) and Tennessee (6.9 percent). Among states with at least 1,000 single-family homes flipped in 2015, those with the biggest year-over-year increase in share of flips were Connecticut (up 23 percent), Oregon (up 2t1 percent), Maryland (up 19 percent), Illinois (up 18 percent) and New Jersey (up 17 percent). Among 110 metro areas with at least 250 flips in 2015, those with the highest share of flipping as a percentage of all single-family home sales were Memphis (11.1 percent); Fresno, Calif. (9.2 percent); Las Vegas (9.2 percent); Tam- pa (9.2 percent); and Delto- na-Daytona Beach-Ormond Beach, Fla. (9.1 percent). RealtyTrac analyzed sales deed data and automated valuation data for this report. A single-family home or con- do flip was any transaction that occurred in the second quarter where a previous sale on the same property had occurred within the last 12 months. Average gross profit was calculated by subtracting the average price for the first sale (purchase) from the av- REPORT METHODOLOGY
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