All articles tagged with #house flipping
Diane Keaton, renowned actress, also left a legacy as a passionate house renovator and flipper, transforming nearly 50 homes with her unique, eclectic taste, and influencing property values through her distinctive style and vision.
A couple who spent $600,000 renovating a bayside home in Nova Scotia, Canada, were told by the Department of Justice that they couldn't sell it because the local government had illegally auctioned off the property. The couple had bought the house for $50,000 in 2021 after a small claims court ruling, but the Justice Department argued that the previous owner was not notified of the auction. The property owner may reclaim the house depending on the outcome of the Tenniswoods' lawsuit, set for August 2024.
A man in Florida is on trial for allegedly killing his wife after she dismissed his plans to participate in a house-flipping reality TV show. Prosecutors claim that the defendant believed the show would save their financially troubled home, but his wife was not supportive. The victim was found dead with multiple injuries, and the medical examiner determined that she died from blunt force trauma to her head and strangulation. The defendant had purchased the house but refused to add his wife's name to the deed. The trial is ongoing.
Dave Liniger, co-founder and chairman of Re/Max, started his real estate empire by working three jobs to save enough money to buy and flip a small fixer-upper house. He reinvested his profits and acquired a real estate license, eventually co-founding Re/Max with his wife. Liniger shares his top leadership lessons, including selling optimism, surrounding yourself with positive influences, supplementing weaknesses with talented hires, and not beating yourself up over mistakes. Despite a personal loan controversy, Liniger remains focused on his decades of success and reputation as an executive.
Joybird, a furniture company, analyzed 11 factors to determine the best U.S. states for flipping houses and maximizing ROI. Five out of the top 10 states are located in the South, with Louisiana ranking as the best state for house flipping. Michigan and Alabama also made the top three. Factors considered included median home price, number of fixer-upper homes, days on the market, and property tax rates. Louisiana offers a low property tax rate and a large construction labor force, contributing to its high ranking.
A New York home that was originally purchased for $260,000 in June 2020 has sparked outrage as it was recently listed for $1.2 million after renovations. A viral TikTok video showcasing the price difference garnered attention on social media, with many expressing shock and frustration over the inflated price. The incident has reignited discussions about affordability in the housing market, particularly as the industry faces challenges due to high mortgage rates and intense competition. Some house flippers have been forced to lower property sale prices or transition into becoming landlords.
A New York home that was purchased for $260,000 in 2020 has been renovated and listed for $1.2 million, sparking outrage and discussions about affordability in the housing market. A viral TikTok video showcased the drastic price increase, with social media users expressing shock and criticizing house flippers. The housing market has been struggling, leading some flippers to slash property sale prices or transition into becoming landlords.