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Old 04-17-2018, 06:52 AM
 
741 posts, read 484,517 times
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Quote:
Originally Posted by nuts2uiam View Post
Flipping on LI is a tough business. Impossible? No, but not as easy as other areas due to the initial costs for the home and land. As another has said, looking for financial partners does not give me the warm and fuzzies to invest in a flipper with him.
They seem to be doing ok by me, tear downs selling for 1mm, capes ripped to the studs full second level added selling for 725k, Capes not expanded just made all pretty inside selling for 615k. All these homes are being purchased for 400-450k and sit on 6k sq ft lots. Only one I see not selling is the nut jobs asking 735k for a 1350sq ft cape.
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Old 04-17-2018, 10:04 AM
 
4,619 posts, read 2,614,562 times
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I wonder if that guy Izzy from Flip or Flop is still available. He could do a complete bathroom remodel for $2K.
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