Originally Posted by theking

I have been out of that business for several years now...but have an old school friend who has been in that business for more than thirty years. He and his son both were already multi millionaires in property holdings...but since the housing market fell in value...they have been making millions more by buying foreclosed houses...making whatever repairs that may be needed and flipping them. I am surprised that they are flipping them so easily but since January they have bought fourteen of them and have flipped all but three for net profits of $60,000 to approaching $200,000 per house.