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Back to the Flipping

I recently read an article from NPR that was written back in May. They discussed flipping and how it's back. I didn't actually know that it had gone away, but none the less, the article goes on to talk about a house in LA that was purchased for $390,000 and then sold for $720,000. The article didn't discuss any improvements that might have been made to the home, something that usually comes with the territory. I know that the easy flip is rare, usually you have to deal with all sorts of issues. Demo, remodel, nasty stuff left behind. Heck, some of the nasty stuff alone can cost a pretty penny when an outside firm is contracted to deal with the cleanup. I once met a flipper who had to deal with rotting food left behind by a family that wanted to make the house uninhabitable for the next tenant. Why do people do such things?

Read the NPR Article.

What are your flip horror stories?
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