Great investment

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Submitted by GunDoctor on December 13, 2007 - 6:04pm

I had to post this becuase it made me laugh out loud when I read it.

http://www.redfin.com/stingray/do/printa...

How can you possibly include great investment in the same listing description as short sale approved!

Makes me want to run right out and get in on that action...can I short sale it in couple of years for a loss too.
thanks....i'll wait.

‹ High Interest rates replace high prices? "43% Overpriced" ›
Well ... at least it's a
Submitted by FormerSanDiegan on December 13, 2007 - 6:10pm.

Well ... at least it's a better investment now than it was two years ago.

It sold for $434k. Assuming
Submitted by k_pip_k on December 13, 2007 - 6:15pm.

It sold for $434k. Assuming 100% financing, how could it be a short sale for $499k? If the owners borrowed extra equity, I can understand, but it's still not a short sale in my opinion.

Actually, this doesn't sound
Submitted by Navydoc on December 13, 2007 - 7:51pm.

Actually, this doesn't sound that bad. What would this place rent for? $2500/month maybe? With enough down I would think this place could pencil out ok. I may have a skewed idea of rents living up here in LA though. Would like to hear what some of the RE professionals on this board think of this one.

(By the way GunDoctor, would you happen to be a Gunsmith? I was one of those myself once before I became a people doctor)

That is a fantastic
Submitted by NeetaT on December 13, 2007 - 10:18pm.

That is a fantastic knife-catcher special. I'm champing at the bit to buy this one.