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Flipping houses is back in South Los Angeles

Apr 25, 2010 3:00:00 AM - latimes.com
Investors are snapping up foreclosed homes in hopes of making a quick killing.

The musty smell of neglect greeted the two investors as they stepped past the waist-high weeds and peeling paint to cross the threshold of the latest prize: a boarded-up two-story house in South Los Angeles.