NEW YORK — Blackstone Group LP, which has spent $5 billion to acquire almost 30,000 U.S. single-family houses, is nearing the later stages of its buying as home prices jump, said Jonathan Gray, the firm’s global head of real estate. The market has become more...
Hat tip to SD Squatter for sending in this article from the wsj.com: LADERA RANCH, Calif.—Rising home prices have fueled the return of a practice that some blamed for inflating the bubble: house flipping. In California, the number of homes sold in recent months that...
The downstairs room is off by itself (it was rented out separately by the previous owner), so this is feels more like a 1,500 sf one-level home:
You saw the previous flipper video where he is hoping to make a million? He has a track record - right around the corner too:
We saw this house back in April prior to this flipper's purchase - here is the before version: http://youtu.be/Wbqb7-_cg7o We have seen repeated attempts by flippers to make $200,000+ on a quick turn and burn, but this one takes the cake:
This will be the next indicator for Starboard sellers in La Costa Oaks: SP was $851,500.
Flippers asking almost $5,000,000 extra because they fixed the leaks - from the latimes: Rihanna took a financial hit last year when she sold her water-damaged home in Beverly Crest. Now an industrious flipper is trying to make back some of the millions the pop star...
What a week of flippers!
The hits just keep on coming! They did add a garage.
The flippers have been on a remarkable run in 2012 - will it continue? Or will 2013 be the year that buyers start to hesitate when they calculate flipper profit vs. upgrades?
