[quote=sdrealtor]There also seems to be a high appetite for foreclosures in MM among professional flippers. Many of the distressed homes I see in MM are in lousy condition. A professional flipper can pick them up at trustees sale and turn the property around very quickly. There are lots of young professionals working in the area who would love to buy a turnkey newly remodelled home in that area at todays prices and interest rates.[/quote]
Talking about flip, check this one out: http://www.sdlookup.com/MLS-120011726-8147_Gold_Coast_Dr_San_Diego_CA_92126
flipper bought for $300k on 1/13/12. Made upgrades and listed on 3/3/12 for $399k and it just went pending. I’m pretty sure they didn’t put in anywhere near $99k in upgrades.
