Flipping in Florida, Fun & Profitable

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While most Southwest Florida residents were still licking their wounds from the dramatic downturn in the residential real estate market, Stan Pinkus and Jeff Twigg have been busy making money.

Since August 2008, they have bought, fixed up and resold at least 22 houses from North Port to Parrish, raking in more than $1.2 million in the process.

Realtors familiar with the way Pinkus and Twigg operate say the prolific investors usually repaint the houses they buy inside and out, lay ceramic tile floors and install new appliances before putting the homes back on the market.

"Down here in south county, we have a number of abandoned houses that have not been dealt with. I'd say there is one on almost every block," said Kelly Ann Ayers, an agent with Keller Williams in Venice. "The banks that foreclosed on them don't even know or care about the condition. That is the kind of house that Stan Pinkus and Jeff Twigg are saving."