Monday, July 24, 2006

Well, Maybe Just "Sellers in Trouble"



I'll be the first to admit it.

I got a fair amount of entertainment value from this offering:

Flippers In Trouble

Labels:

— Posted by Michael @ 9:16 PM








5 Comments:
 

Nope, they're flippers. All the houses were sold once before in the last two years.

 

So is that two-years-or-less turn the accepted definition of a "flip?"

I ask only because I'm not terribly locked-in on the exact parlance of this.

I mean, if HGTV says it, it must be true, right? :)

 

Tempering the losses: I would imagine that if these are genuine flips, many are the last in a series of very successful ones. You'd expect to get burned in the last one, so many probably still made lots of money in flipping before this shot over their bows.

Anonymous Anonymous
, at 9:43 AM, July 26, 2006  
 

i was in B&N today . Met a relief worker fresh out of college reading all about flips. We talked for a while. She is going on about how she is learning to rehab homes. She did not own a home and had no money but was excited because her dad was going to co- sign. I was tempted to get her info just so I could pick up her crazy mistake for next to nothing when she goes bankrupt. I left instead and wish that her father would slap some sense into her. Flips are hard and she doesn't get it.

 

Interesting list of properties. Wonder how he gets them. They aren't his listings so how does he know if it's an investor that spent money?

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