Today’s flippers are more often professional investors with access to cash as banks tightened mortgage loan guidelines and available work crews. But now, “low inventory and many buyers’ eagerness for new construction and remodeled homes has caused some buyers not to do enough checking,” says Seth Captain, managing broker of Captain Realty in the Windy […]
How Much Do Flippers Make?
Over the last four years, Los Angeles house flippers have netted profits well in excess of $100,000, according to a new report from LendingHome. That high total shows why quick buying and selling is popular with many local real estate investors. Over a quarter of all flips in the state of California are undertaken in Los Angeles […]