By Money
February 06, 2017

This story originally appeared on

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.

Related: TSA PreCheck vs. Global Entry: Which One Is a Better Deal?

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

Related: Warning: Your Free TSA PreCheck Is About to Disappear

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.

Related: $20 Flights! Here's the Latest Round of Super Cheap Airfare Deals

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.