Flipped properties get a bad rap. The negative stigma is mostly due to sub-par, paint n’ dash jobs that don’t justify asking $200k more, 60 days after the last close–not to say this doesn’t happen. However, in this sea of everyday flippers is a small group of true property developers. These guys don’t just throw […]

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I think I might have scooped the LA Times! Yesterday, they published their first story on the flipping wave in Northeast LA. In January (3 months and a millenia ago in real estate time), I blogged about what I was experiencing on the ground and tips to successfully flip. The only update to add is […]

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Investors have descended on this and other communities in Northeast Los Angeles, snatching up bargain-priced character homes located within an easy distance of downtown. It’s an echo of the housing boom, only this time speculators are drawn by the crash in prices. […]

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The most frequent question I get, aside from, “when are you guys having a baby?,” is “how’s the market?” If it isn’t apparent, I can tell you that it’s hot and spicy…in the flipping arena. While foreclosures and short sales still make up a big chunk and standard sales, with good looks at a great […]

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No, that’s not a typo. This 3 bedroom/2 bath that was sold in June 2011 for $240k, has been rehabbed and redubbed as a “modern craftsman,” for $99k. Clever marketing? Yup. Will it sell anywhere near that price? Not a chance. For lack of a better word, this place was a dump 6 months ago. […]

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Great news for flipping operations like ModOp and budding Jeff Lewis‘, the Federal┬áHousing Administration is overriding its “anti-flipping” rule and will continue funding loans on properties that have changed hands in the last 90 days through 2012. For investors, this means another banner year of snapping up deep discount properties, rehabbing and selling for profits […]

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