Investors Target 'Hipsters' when Flipping

Hipsters usually refers to a subculture of 20-something or 30-something men and women who follow the latest lifestyle trends and fashion. Many hipsters have delayed forming their own households and are living with their parents longer to get more control over their finances and find steadier employment, RealtyTrac reports. But some investors are banking on the hipsters' flood into the housing market soon.

“The low hipster home ownership rate of the past five years translates into a market of potentially millions of first-time home buyers looking to find a home that matches their budget and fits into their hipster lifestyle,” RealtyTrac reports.Some real estate investors are targeting affordable communities where this growing hipster demographic may decide to settle.

The average gross profit nationally of a single-family home flipped in 2013 was more than $58,000. But areas known for a high number of hipsters are offering much higher returns on flips, according to RealtyTrac’s analysis.

So how can you benefit from this information? If you're into house flipping, find towns/cities or neighborhoods in Connecticut that have a large demographic of people between the ages of 25-34. Locations that are within walking distance of restaurants, shopping centers, public transportation, Gyms are ideal. As with everything else in real estate, location is everything. Find a property with these amenities and you could potentially set yourself up for serious profits!!

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