Tuesday, December 22, 2009
Holy flip Batman
Remember this house? This one was trashed by the previous owners on the way out.
It was picked up by a flipper for $330k 4 weeks ago. They cleaned it up, fixed the broken stuff, filled the pool and now feel they are entitled to a $300k profit (less costs). They have it listed for $639k! This thing does have a spectacular back yard and the inside looks pretty nice now but geez come on a $300k markup in one month??? It looks like they just cleaned it up and added new wrought iron fencing. I know it needed windows and some other stuff but wow this guys is looking to make a killing. I don't think they will get that much though but he should be able to get mid $500s. That's still a healthy profit.