Released: October 15, 2012

Flipping houses is once again a booming business

Source: Brady Dennis - The Washington Post

Not long ago, John Irvin was selling women’s shoes in the Nordstrom at the Pentagon City mall, pulling down about $20 an hour. Now he flips houses in Northern Virginia — scooping up short sales, rehabbing them and aiming for a quick sell. He has sold three homes so far and says he netted more than $30,000 in profit each time.

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