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Reply to "what do we think of gut rehab flips?"
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[quote=Anonymous]4/25 11:02 back again. I'm an agent, and lo and behold, had a buyer who wanted to make an offer on a flip in Silver Spring today. Not only was nothing permitted, they were actually cited for doing work without a permit. And the kicker - the LLC listing the house doesn't even own it yet. They have been doing work for more than a month on, and signed a listing agreement to sell a house which they do not yet own. They need 45 days to close so my buyers would have to wait that long. And probably much longer to get clear title if there was a missed initial on the foreclosure proceedings that occurred before the flipping LLC got interested. Do your homework, people.[/quote]
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