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Transcripts For CNBC On The Money 20170318

Now, becky quick. We begin with a cautionary tale. House flipping is hot again and homes are being flipped at the fastest pace in a decade. But if you are tempted to rush in and buy what looks like pictureperfect home, as a buyer you should beware. From flip to flop is this weeks cover story as diana olick reports. Reporter this historic d. C. Rowhouse looks like a renovated gem. Outside and in. And thats exactly what empty nesters Cameron Mcguire and his wife wanted. And it was so seductive with all of the highend appliances and those pieces. We thought it was going to be a dream and it turns out to be a nightmare. Reporter the three bed, three bath home had been renovated and expanded by a local house flipper with highend appliances and finishings. It looked pictureperfect. I am looking at this gore jus kitchen, whats wrong . When you look at it, things you wouldnt realize. Receptacles are not permitted the way theyre installed here. Reporter the list literally goes on and on. Improp

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