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Secrets of successful house flippers

Posted on 27 November 2012

Despite improvements in the housing market, there are still plenty of foreclosed or bank-owned properties ripe for house flippers—professionals who purchase distressed properties to renovate and resell. According to RealtyTrac.com, an online marketplace of foreclosed properties, investors flipped close to 100,000 homes in the first half of the year, making almost $30,000 per flip, on average.
However, experts warn that house flipping isn’t as easy as it looks on TV. “You gotta be careful, really do your research, and know what you’re doing,” says Mike LaCava, a real estate investor outside Boston who founded the House Flipping School to teach others about the trade………………………………………..Full Article: Source


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