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N. Barton St, Arlington, VA before and after renovation
and single family homes in Washington, D.C.’s Beltway.
“These are good times to be seller in D.C.,” he said. “D.C. is a strong, vibrant market that’s going up steadily.”
I just sold one in Arlington, Virginia. ... I purchased it for
“I work the northern Virginia market,” said Young, who has been flipping properties since 1987, and recently flipped an 800 square foot home in northern Virginia, with two bedrooms. “The location was excellent and the house sits just 3.7 miles from the White House in Washington, D.C.,” said Young. “I purchased it for $400,000 and after four months of renovation, I listed it for $619,000 and had multiple offers at the full asking price. The net profit was $69,000. The deal was completed early spring of 2016.”
But flipping houses isn’t for everyone.
$400,000 and after four months of renovation, I listed it for $619,000 and had multiple offers at the full asking price.”
“Don’t get in this game unless you know what you’re doing,” warned Seymour, the Boston flipper. “I’ve made some horrendous mistakes. Always be educated. Learn how to do business the right way — and make sure everybody wins. And do business with integrity.”
Lance Young Serial Flipper Arlington, Virginia
Young said he does about a half dozen flips a year.
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