Archive for the ‘Flip Watch’ Category
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Flipping Done Right: Duplex Redo in Silver Lake
04 Apr 2012Flipped 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 in Home Depot stock cabinets, rip out a crappy lawn and sprinkle cedar chips–they go all out and get handsomely rewarded.
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Revisiting: House Flipping Like It’s 2005
14 Mar 2012I 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 with spring and summer approaching, I’ll bet a nickle that demand will only get more ravenous among cash-wielding developers.
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The “H” in Highland Park is for Hipster
13 Mar 2012Investors 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.
