WCAU On The Money February 5, 2017
Make a profit. It was a booming business until the financial crisis. Now, believe it or not, flipping is back, and its this weeks cover story, as diana olick reports. Reporter last june, Real Estate Agent dana rice was deep in the throes of modelling this 1938 home in bethesda, maryland. She bought it for 600,000, intending to flip it for a heavy profit. Absolutely not as easy as it looks. Reporter four months and 400,000 in Construction Costs later, she put the house on the market in october for 1. 469 million. In this particular area, for this particular house, im very confident, because i f...