Real Estate
Long Island Home Flippers Sell to Each Other in Red-Hot Market
- HGTV-inspired rookies bid up prices for investment properties
- With few new homes, New York City suburbs primed for dealing
Nassau County, Long Island.
Photographer: Johnny Milano/BloombergMichael Pinter’s dream day would be buying a house in the morning and selling it the same afternoon for a $25,000 profit.
In the world of home flippers, Pinter is known as a wholesaler. He employs a team based in the Philippines to help bombard potential sellers on Long Island, New York, by phone, social media and direct mail. When his contractors find a homeowner who wants to sell fast, Pinter jumps in to close the deal.