Once A Boon For Investors, House Flipping Is Back

by NINA GREGORY

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This home in the Glassell Park neighborhood of Los Angeles was bought by Dossier Capital for $390,000, records show. It’s now listed for more than $720,000.

 

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.

 

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