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Johnny Ziomek, Other/Just Looking in Los Angeles, CA

Is anyone flipping houses in Los Angeles?

Asked by Johnny Ziomek, Los Angeles, CA Thu Dec 6, 2007

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Yes, I just received an offer on one of my listings from a "flipper" who has a few projects going right now I hear. It looks as though he has unlimited reserves and knows something that we do not know because it is not the prime market right now to be doing it.
0 votes Thank Flag Link Wed Dec 12, 2007
Hi Johnny. Yes, there are a few on the market that were purchased fairly low 6-8 months ago and fixed, mainly in the beach cities, Hermosa, Manhattan. It's a riskier proposition these days, but if someone gets the right deal and knows what they are doing, they can still turn a profit.
0 votes Thank Flag Link Thu Dec 6, 2007
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