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A real-estate broker quit his job to flip houses for a living and has made millions 'see the before and after photos

Published by Business Insider on Thu, 14 Dec 2017


Flipping houses is riveting reality television for some. For others, it's a living.Thomas Bayles quit his job as a mortgage broker at the tail end of the financial crisis to become a full-time flipper. Hebuys the ugliest houses in desirable neighborhoods in and around Los Angeles, pours money into renovations, and sells the properties for a handsome profit within a few months.Bayles has flipped over 16 abandoned homes and hoarder-havens in his career.Flipping houses is an increasingly popular side-hustle in the US. Last year, 5.7% of all home sales were flips, according to Attom Data Solutions, a national property database.Bayles shared somebefore-and-after photos with us to show that even the grittiest dwellings have unlimited potentialwith a little TLC and a lot of cash.SEE ALSO:A former nuclear test site in San Francisco is turning into an $8 billion neighborhood for the middle class ' take a look insideA home that's been long neglected by hoarders, absent landlords, or the elderly would send most potential buyers running. Bayles, a 31-year-old professional flipper, sees opportunity.These homes typically list for less than what a comparable property with more curb appeal would. "I'm always looking for the ugliest house in the entire neighborhood," Bayles said.A better deal means a bigger profit for Bayles. He reinvests earnings into buying new properties, which are all managed under his company Urban Asset Group.See the rest of the story at Business Insider
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