“I know a contractor currently putting $800k into a house near UBC that will be listed in the spring. Sale price should be over $4 million. Big chunk o’ change.”
- thinktom (a local realtor) at RE Talks 11 Jan 2012 9:05pm
Would very much like to see more figures on this kind of venture.
How big is the profit margin on such a buy-reno-sell spec?
How large a ‘can’ are these contractors carrying? Risky business given market developments.