Flipping a house for profit is not for the faint of heart. But real estate agent Jose Reyes has a bit of information on a Silver Lake bungalow that explains why some investors are attracting to flipping. The plain, small (less than 900 square feet) home on Occidental Boulevard was purchased for $300,000 in December. After being prettied up, the home was put back on the market in April at an asking price of $499,000. The house just sold for $576,000. Is this deal a sign, as Reyes said, ” that there is amazing opportunities for investors” or that buyers are once again getting a bit too excited.
Photos from theMLS.com