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By Coinage
February 6, 2017

In the cut-throat world of New York real estate, Lisa Simonsen has made a name for herself making sales for luxury homes.

But one of her most impressive skills is finding multi-million diamonds in the rough and flipping them at a considerable markup.

“You are really finding some of the most unique properties that are undervalued, that have such great opportunity and potential,” Simonsen says.

The first house Simonsen and her team flipped was a 5,000-sq. foot property acquired for $6 million. After 18 months of work, Simonsen didn’t actually sell the house—she’s been renting it out for $50,000 per month.

Her latest project is a bare bones property acquired in the “low teens” (meaning millions) that she expects to flip after about a year and a half of work.

“It’s just very exciting to see the end product,” she says.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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