Saw quite a few quick flips in SF lately.
Like this one:
Only 3 months’ work and asking for 650K more.
https://www.redfin.com/CA/San-Francisco/330-Flood-Ave-94112/home/1082642
Another one, this time in Sunset.
Barely 7 months and asking for more than 2x the price.
https://www.redfin.com/CA/San-Francisco/1571-38th-Ave-94122/home/639354
I’d worry if they even pulled any permits. Don’t think the building department in SF is that quick with permits and inspections.
Rates are sky high and flippers’ carrying cost is therefore high as well. Makes sense they are trying to hurry things through. I’d be very careful to make sure they don’t cut any corners.
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Sunset flippers too aggressive. Just cut price by 200K.
