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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.

Nassau County, Long Island.

Photographer: Johnny Milano/Bloomberg

Michael 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.