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What Does It Take To Flip A House? Pro Nikolaos Debeyiotis Explains
Flipping A House For Profit: What Potential Investors Need To Know With Nikolaos Debeyiotis House flipping is a hot trend, and many people are trying to snag cheap real estate with hopes of eventually selling it for profit. Here, house flipper Nikolaos Debeyiotis shares what you need to know to decide whether house flipping is the right investment for you. What Is House Flipping? It’s simple: house flipping involves purchasing a property, making renovations and improvements, then selling the property for a price higher than the total cost of the purchase price and renovations. There are many factors to consider when deciding whether flipping a house is the right fit…
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Zillow, facing big losses, quits flipping houses and will lay off a quarter of its staff.
Zillow, the real estate internet site identified for estimating property values, explained on Tuesday that it would exit the business of promptly obtaining and providing properties amid heavy losses and that it planned to let go about just about 25 percent of its personnel. The announcement was a big strategic retreat and a black eye for Richard Barton, Zillow’s main government, who established the business 16 yrs ago and has extensive talked about transitioning Zillow’s common web-site into a marketplace. Final year, Mr. Barton predicted Zillow Delivers, which created instant gives on houses in a practice acknowledged as iBuying, could produce $20 billion a yr. On Tuesday, Zillow, which explained…
