Flippers improve homes and neighborhoods by fixing, remodeling and improving conditions of a home and selling it to a buyer who can not afford to make repairs. It's good to know there is some money in this economy as many flippers pay cash for a home below value, fix it up and then sell it for a profit and move onto the next.
So many people have purchased homes at a lower price thinking they will be able to remodel and repair while they are living there only to find out they can not afford to finish their projects.
With the current market values being so low, I see it as a real opportunity for flippers to improve homes and neighborhood conditions and bring homes up to a better standard where the common buyer can affordably live in once again.
This person made every mistake in the book and failed poorly at flipping houses.
Thank goodness for Flippers, but beware and be smart!