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Once A Boon For Investors, House Flipping Is Back
House flipping is back.
A popular phenomenon during the housing boom, flipping is when a house is bought and sold within a six-month period. Flippers are real estate investors who buy houses, fix them up quickly and then resell them, making money off the renovation. In parts of California, it's happening at some of the fastest rates in a decade.
“ Typically, our houses are in escrow first week. Maybe even the first day that it's listed.