Sunday, June 24, 2007

Builder or Flipper

Are you the deep pockets builder type.


Are you the strong but not keen on taking to big a risk type who buys and house to fix and Flip?

One of the two is always hanging around looking for a deal. What is hard is knowing what is a deal that will yield profit or not. Not an easy task if you are not working in your home turf.

Frequently the one who overpays for the development or flip property is from out of the area and gets burned. Like someone not familiar with Santa Monica and does not budget for the long approval and inspection times. Holding costs will eat away at all his profits and other Extras will make it a dear experience. Few can take that more than once.

If you need some expert local feedback on Mar Vista and west Los Angeles sites. Give me a call.

Keith Lambert