Some investors are betting that renovating and flipping million-dollar properties is the next big opportunity in the housing market. Investors had been mostly focused on foreclosed and distressed properties, buying them on the cheap and turning them into rental properties. But as foreclosures have dried up in many markets and competition has increased, some investment…Read more
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Nick Sinatra, the owner of a small real-estate investment firm, believes he has found the next big opportunity in the housing market: renovating and flipping million-dollar properties. Well-heeled investors think Mr. Sinatra is on to something. On Wednesday his company, American Coastal Properties LLC, is set to announce that it has received $50 million from…Read more
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