CNBC On The Money February 4, 2017
Now becky quick. We begin with house flipping, thats when investors buy a fixer upper and make improvements and try to quickly resell at the profit. It was a booming business until the bubble burst in the financial crisis but now believe it or not, flipping is back and its this weeks cover story. 30 inches off the toilet. Reporter last june, Real Estate Agent dana rice was deep in the throws of remodeling this 1938 home in bethesda maryland, bought it for 600,000, intending to flip it for an easy profit. Not as easy as it looks. 400,000 in Construction Costs later she put the house on the mark...