Transforming foreclosures/ rehabs into luxury homes for the flip?

[Alan Lambert]

What do you think about buying foreclosures and rehabs, spending all out on remodeling the joint to make it a smart luxury home, then flipping it? Depending on the location, it seems like it should prove quite profitable. If I'm just starting out, how many of those do you think I'd be able to bust out in my first year? I could probably start with the VA home loan, and go from there, eh?