Kirk McKoy / Los Angeles Times
The couple enjoyed remodeling their home so much that they have put their respective careers on hold to go into house flipping, though they intend to keep their personal residence. Becket, an artist and textile designer who has sold her work to Trina Turk, Anthropologie and Los Angeles-based clothing designer Rozae Nichols, has begun remodeling and reselling other homes in Silver Lake and Highland Park with Steinberg under the name ModOp Design, and the couple say they have enjoyed significant success.
They cited forces that prompted their plunge into real estate: low prices, low interest rates, government incentives that helped prospective buyers and, most important, readily available contractors and labor. "In 2005, contractors were prima donnas. They wouldn't even look at a project unless it was a big one," Steinberg said. "But now you can get great contractors at good prices."