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Flipping Ain't Easy

Mazel tov to Jeff Lewis, star of Flipping Out, who has finally managed to flip his own house after two and a half years. Lewis bought the Los Feliz three bedroom in 2007 for $1.71 million and put it on the market in 2008 asking $3.195 million. Real Estalker's Mama says "at least two deals swirled down the real estate terlit until September of 2009 when the asking price bottomed out at $2,295,000. By June of 2010 the asking price had, somewhat inexplicably crept back up to $2,495,000." He finally unloaded it at $2.325 million. [Real Estalker]