Southern California investors
Hello and good day to all.
My question is for all the investors out here in Southern California where houses range from 400k-800k. Taking on that high of risk seems pretty scary. I know of a handful of homes selling around 550k but are in need of 30-50k in reno. These homes are in fact selling so the owners aren't negotiating much.
Do you see any profit in fixing and flipping homes costing this much? With other already renovated homes selling at 580k.
This is chino hills area.