Flipping a house? The 10 best cities for flippers.

These 10 cities were the most profitable markets for people flipping a house in 2012, according to RealtyTrac. Can you guess which city had the highest average profit on flipped homes? 

1. Orlando-Kissimmee, Fla. (63 percent)

Scott Audette/AP/File
Fireworks go off around Cinderella's castle during the grand opening ceremony for Walt Disney World's new Fantasyland in greater Orlando. The Orlando-Kissimmee metro area, home to Disney and Universal theme parks, was a top market for flippers in 2012.

Total housing units: 932,729

Single family flips: 1,912

Average pre-flip purchase price: $103,701

Average flipped price: $168,677

Like the other metros on the list, Orlando's high flip profits come from a combination of low housing inventory, climbing prices, and interest from foreign investors. 

Even as the flip market grows, its unlikely that 2012's huge resale profits in these cities are sustainable. Foreclosures are dwindling nationwide, and home prices will eventually stabilize, bringing resale margins into the more usual 20-30 percent profit range. 

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