Another Leucadia flipper, this one hoping that the view stays clear!
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Flips
LJ Flips
If you wanted any more proof that the beginning of 2013 could be a dud, take a look at these two. It is feasible that you could make $300,000 on a flip, but when the purchase prices are available with a couple of clicks, buyers will expect that a major renovation has...
Accidental Flip
There were 3+ months between their purchase and first listing, plus they aren't trying gouge the next buyers like many flippers - something must have happened:
Guts and Some Glory
More video of higher-end tract homes being flipped in Carlsbad:
Investor-Driven Market is OK
In this article, the author claims that the real estate market will tank when investors leave the market, and then at the end says, "The only part of the market that’s busy is the low end where speculators are fighting over a few measly crumbs. The rest of the market...
L.A. Flipping Gone Wild
When it comes to flipping a 10,000-square-foot mansion on a prime piece of Santa Monica real estate, a simple open house with hors d'oeuvres and soothing background music has apparently become blase. In what city staff calls "a new kind of commercial activity for...
“Won’t Last Long”
When you read in a listing, "Hurry, this won't last long" and "Priced below market for quick sale. Reviewing offers 10/15/12", does it make you want to hurry on over, or forget all about it? Though this agent is a nice guy, this verbiage will make most buyers want to...
Ranch Close
This flipper closed 85 sales last year, at average sales price of $330,441. He, like others, are moving up the food chain. This year he's closed 33 sales, but at an average of $475,190 - a 44% increase!
Lomas Golf Flip
Looking at old photos, the kitchen was already in place - these guys just painted it:
SB Flip
Obscene profits have been made over the last few years by flipping properties like this:
