Do you know people that have flipped a property during the boom? Did they make a s*it-load of money just by adding new flooring, paint and may be new counter-tops? Did they have zero to little experience in construction and did they do the work themselves and flipped for major profits? Well it appears those days are long over.
The flipper of the boom times relied on soaring home values that did most of the work but post-boom flippers usually have a team of people who must scout for bargains, close quickly with cash, gut and beautify and market to the agents.
Read more about the “New Flippers: http://www.signonsandiego.com/news/2011/jul/07/now-and-then-san-diego-home-flipping-market/
Green Real Estate Appraiser 