Chicago ranks 11th among 15 top cities for profitability of foreclosure flipping, according to RealtyTrac. Flippers average a profit of 12 percent in Chicago, the company says. How do you make a profit doing this? Is it just a trendy investment type that people will walk away from in a year or so? Do flippers help or harm the community where they are investing? Housing reporter Dennis Rodkin and VP of Sales at MACK Companies, Eric Workman, break it down.
Photo: courtesy of mydailyfindchicago.com