Flip that house: Meth lab foreclosures and cleanup costs
August 18, 2008
Buying a foreclosed home can be a lucrative purchase for real estate investors, who can successfully flip the house for thousands more than they paid for it. But, the growth of meth lab homes in the U.S. has made house flipping much less profitable than a decade ago. Combined with a slow economy, buying a foreclosure for house flippers, may in fact cost them money instead of putting money in their pockets. That is, if the Read more