BY JOY WHITE
House flipping, the purchase of a house to renovate and resell for a profit, has picked up on Guam.
“If you have $200,000 in the bank, [it draws] low interest. But when you flip, you might make much more than $10,000. […] You can’t get that in the stock market or by other means at this time,” said Gina Campos, associate broker at Re/Max Diamond Realty.
Christopher Felix, president and principal broker of Century 21 Realty Management Co. Inc., said the occurrence of house flipping follows real estate trends . . .
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