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Austin ranks among worst U.S. cities for flipping a home While the growing Austin economy drives business for some sectors, others are being left behind. Case in point, it can be downright brutal to be a home-flipper. Due to a booming residential real estate market and extremely low inventory levels, Austin has one of the lowest rates of house-flipping in the nation at 3.4 percent. I’ve seen this phenomenon for many years now in Austin hearing it from articles and clients who were previously successful flipping houses, but no longer. Between the TV shows that make flipping look like a breeze and the many seminars given locally that teach “12 ways to buy real estate”, etc, one would think that everyone should be doing this. If you add up all of the successful flips in the Austin metro area, it might appear this is true, but one investor trying to make a living doing this will likely grow broke in the meantime. By far, the hardest part to flipping in Austin is finding the right property. The 2nd hardest thing is to find good subcontractors to do the work. With new home builders grabbing most of the trades here, there is little left for the solo investor to pick from.