Actually, in the same neighborhood, about 2 streets down, another owner is selling his house for 1.5+ million. I understand he paid 770K for it 11 months ago. It is listed as needing to close right after his 1-year mark, so he can keep the profits. He did upgrade the interior quite a bit -- although, not 100% markup improvement.
The owner and his wife are private citizens, not a corporation. I'm told they like to personally flip homes in the Villages.
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Originally Posted by Robbb
Ok I get it now, foreign buyers buying up property as investments, then flipping them in a year. I, naively didn't realize that was happening there. Buy it, rent it out for a season then flip it.
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