Would you get involved in house flipping?

Andy Stern

Real Estate Agent

Coldwell Banker

I have seen people create value by purchasing a home, improving it and reselling it at a profit. I am selling two properties I own now that I fixed up. I enjoy the process and making the money.

Marc Feldman

Partner

DPL Asset Management/Korea Israel Life Science Fund

I am not inclined in becoming involved in home flipping simply because I am just too busy focusing on my business. I also do not have a real firm grasp on this market, thus should stay away.

Don Popkes

Principal

One Tuscany-Renovation + Realty

Ten years ago, as a private banker, tried my first flip on a low income property next to USC. Ten years later have developed the “passion” into a full-fledged firm working with private investors and home owners alike helping navigate the process with both an investors and an artistic eye.

Kathe Bloom

Chief Executive Officer

Bloom Ads Inc.

While not for everyone, home flipping has actually been an exciting hobby for both myself and my business partner Lisa Nichols Jell. The caveat for us is that we and our families live in these “flips” during the remodel process. Between advertising and home flipping our lives are never boring. I am about to embark on my fourth flip. Fingers crossed!

Sean Rossall

Vice President

Cerrell Associates

Home flipping has a lot of potential upsides. It’s clearly not for everyone and there are a lot of risks, but with a smart plan and an eye to budget it can be a solid investment.