To Flip or Rent Out: What’s a Better Return on a Fixer-Upper Right Now?
For years, homebuyers have been chasing turnkey properties, paying top dollar for homes that needed little more than unpacking. But as record-high prices and stubborn mortgage ratespush these houses out of many buyers’ budgets, an unlikely hero may be emerging: the fixer-upper. America’s housing stock has never been older—nearly half of all owner-occupied homes were…