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Flipping out.
Here is another example of a home that was flipped. 5114 Abbott Place, LA CA 90042. Sold in May for 150k (it was bank owned). The bank wanted an all cash offer because the condition was poor. Purchased by an investor, rehabbed and sold for 410k in July. That's pretty amazing. Flipping a home is not for everyone. There are some opportunities every now and again (in this market), but you need to know what your doing and expect everything to cost more than you anticipated.
Here is another example of a home that was flipped. 5114 Abbott Place, LA CA 90042. Sold in May for 150k (it was bank owned). The bank wanted an all cash offer because the condition was poor. Purchased by an investor, rehabbed and sold for 410k in July. That's pretty amazing. Flipping a home is not for everyone. There are some opportunities every now and again (in this market), but you need to know what your doing and expect everything to cost more than you anticipated.
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