A company headed by W. Allan Jones, the founder and CEO of payday lender Check Into Cash, flipped a Palm Beach mansion for $41.72 million after owning it for only four months. This is the latest in a wave of ultra-profitable home flips in Palm Beach as the shortage of inventory has buyers paying top dollar to obtain their piece of the wealthy enclave. The home last sold for $26.15 million in January. So it gained 60% in value.
Source: South Florida Business Journal
