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House-flipping is all the rage. But beware – it’s a lot harder than it looks on TV

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House-flipping hit its highest levels last year since before the recession as investors seek to capitalize on rising home prices and a seller’s market with tight inventory. But the process is nothing like what you see on TV, where it looks like a home can be bought, gutted, renovated and resold in less than an hour – not including commercial breaks . The truth is often much messier, real estate professionals in Charlotte said. “It’s a lot easier to lose money in this business than it is to make it,” said Jeff Johnson, owner of NewPath Properties , which specializes in buying and rehabbing distressed properties . Still, that’s not deterring people from giving it a try in Charlotte. First-quarter figures from Attom Data Solutions show flips – defined as the same property selling twice in a 12-month period same year – made up more than 6 percent of sales in the Charlotte region, or 540 sales. House-flipping increased almost 4 percent from a year ago, though it remains well below the cit...

New Yorkers Are Fleeing To Los Angeles In Droves, Study Shows

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NEW YORK, NY — It's one of the oldest rivalries in American migration: New York vs. Los Angeles. For the better part of a century, residents of the nation's two largest metro areas have been defending their chosen kingdom and dismissing the other on an endless loop of judginess between kitty-corner coasts. Ew, the traffic! But the sunshine! But the subway! But the garbage! But the skyline! But the coastline! But the bustle! But the chill! In this tireless war of words, a clear winner has yet to emerge. But it's harder to argue against the numbers. Thousands of working professionals have relocated to Los Angeles County from New York City in the past year and a half, according to a series of monthly "workforce reports" released this spring and summer by the job- networking site LinkedIn (and spotted by LA Weekly). And it's not exactly a two-way street. Since early 2016, according to LinkedIn, around seven or eight out of every 10, 000 site users in LA report...

Jim Bakker prepares Missouri town for Eclipse fallout

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As President Donald Trump promised to unleash 'fire and fury' on North Korea,  a slightly-built, bearded TV evangelist bragged of his recent visit to the White House and warned of an up-coming ' nuclear winter .' Jim Bakker's studio audience whooped and cheered – before reaching deep into their pockets to buy 'Staying Alive' food - buckets full of freeze- dried products apparently capable of sustaining survivors through the Apocalypse. The charismatic pastor then made an impassioned plea for money to keep his ministry afloat – suggesting a year's supply of pancakes with a 30- year shelf life for an apparent bargain $550 or four cheaply published books for $40 to tide readers over through Armageddon. sell food buckets full of freeze- dried products , claiming the meals will keep followers alive after the Apocalypse" class="blkBorder img-share" /> Jim Bakker (pictured with wife Lori) uses his platform as a televangelist to sell f...