Flippers in Burbank and the logic behind down payments. Flippers are now making their way into many cities in the region trying quick flips for six-figure gains.

2012-12-12 — doctorhousingbubble.com

It is amazing the amount of flipping going on in Southern California. To give you a concrete example. There was a home in Burbank that sold for $415,000 in August. After the prerequisite counters and stainless appliances, the house hits the market again at $519,000. By the way, this in a zip code with family income of $60,000. So in four months the little modifications added $104,000?

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