Flipping isn’t for the faint of heart. Witness the dramas faced by Jeff Lewis on “Flipping Out,” where high-ticket fixes and luxury-market dynamics make for nail-biting deal closings in LA. Or consider novice investors’ reality checks as they peel back plaster and learn just how much time or money their flip will really require before it’s market-ready. You quickly realize that successfully purchasing, rehabbing and selling a home requires impeccable timing, a conservative rehab/construction budget and a location where you can not only buy right but also sell right.
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