The Feasibility of Home Flipping in California
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Home flippers in California are taking advantage of high housing prices and demand for turnkey homes. But, they could face a 25 percent tax on properties under a proposed state bill. TRD's Deconstruct looks at how it may become more difficult to flip homes and whether it's still a profitable investment opportunity.
You'll hear from Page Turner, a broker and home flipper on HGTV's new "Fix My Flip," Tami Pardee, the CEO of Venice-based brokerage Pardee Properties, and Eric Sussman, an adjunct professor at the UCLA Anderson School of Management.
Credits: HGTV, Fox 5 San Diego
The Feasibility of Home Flipping in California