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House-Flipping Profits Reach 20-Year High

There are numerous challenges house flippers routinely face, from financing issues to renovation delays to permit and inspection holdups. While house-flipping activity declined during 2020's third quarter, profits soared to their highest level in 20 years, reports ATTOM Data Solutions, and the median price of a flipped home was $240,000 during that time. Is now a good time to start flipping houses?