By Your Valley
Peoria has been rated among the top cities to flip a home, according to personal-finance website WalletHub.
The city was ranked no. 3 behind Sioux Falls, South Dakota and Missoula, Montana.
Gilbert came in at no. 9 to round out the top 10. Other Arizona cities included Glendale at 23, Tempe at 34, Phoenix at 35, Scottsdale at 43 and Mesa at 54.
“Flipping” is a real estate term for buying a property with the purpose of reselling it for a profit, which is generated through appreciation of the home’s value or repairs and renovations.
