- Associated Press - Monday, May 11, 2015

ORLANDO, Fla. (AP) - Three housing markets in central Florida were among the top in the nation when it comes to profits for home flipping.

A new report by the research firm RealtyTrac said last week that Daytona Beach, Ocala and Lakeland had among the top returns on investment in the first quarter of 2015.

Baltimore was ranked No. 1.

Other top markets included Tampa, Pittsburgh, Memphis, Chicago and Seattle.

House flipping occurs when an owner buys a property and then resells it within a year with the intent of turning a profit.

The returns on investments in the Daytona Beach and Ocala markets were almost 75 percent. It was more than 62 percent in Lakeland.


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