These days, he is bombarded with unsolicited emails from brokers offering him access to financing, and fellow flippers invite him to get-togethers that are advertised with YouTube videos showing off recent projects. Investors are making an average profit of about $61,000 on each flip, up from about $19,000 at the bottom of the market in 2009. The calculation measures the difference between the housing value when an investor purchases the home and when it is sold, according to housing-research firm ATTOM Data Solutions, which is also the parent company of real-estate website RealtyTrac. In recent months, big banks, including Wells Fargo, Goldman Sachs and J.P. Morgan Chase have started extending credit lines to companies that specialize in lending to home-flippers. Earlier this month, J.P. Morgan agreed to lend $60 million to 5Arch Funding, an Irvine, Calif., company that caters to flippers, according to people familiar with the deal. Continue Reading Below ADVERTISEMENT Trying to win business, big banks in the past few weeks have flown executives to Southern California -- where much of the house-flipping activity is occurring -- to organize funding deals, people familiar with the meetings say. Home prices across the country are rising, reaching records not seen since before the 2008 financial crisis. Housing is in relatively short supply.
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