Flipper alert !!!

[an]

[quote=PadreBrian]Yeah, 449k, but only AFTER the settling/foundation has been fixed. btw, who would pay him 200k more than he bought it a few months ago? I smell a lawsuit if the new owners don’t know about the foundation.[/quote]
Looks like someone did. It just recently closed @ $545,000 on 06/30/2008. Seems like people are still out there buying whether us Piggs like it or not.

[SD Realtor]

I fail to understand why people get so worked up about it.

[SD Realtor]

I fail to understand why people get so worked up about it.

[SD Realtor]

I fail to understand why people get so worked up about it.

[SD Realtor]

I fail to understand why people get so worked up about it.

[SD Realtor]

I fail to understand why people get so worked up about it.

[TheBreeze]

I fail to understand why people get so worked up about it.

Maybe because our government is currently in the process of bailing out idiot buyers like this one? I wonder how much this idiot buyer had to put down? Probably a pittance and the taxpayers will end up being the ones who give this flipper his $200K profit.

So yeah, crap like this pisses some of us off.

[TheBreeze]

I fail to understand why people get so worked up about it.

Maybe because our government is currently in the process of bailing out idiot buyers like this one? I wonder how much this idiot buyer had to put down? Probably a pittance and the taxpayers will end up being the ones who give this flipper his $200K profit.

So yeah, crap like this pisses some of us off.

[TheBreeze]

I fail to understand why people get so worked up about it.

Maybe because our government is currently in the process of bailing out idiot buyers like this one? I wonder how much this idiot buyer had to put down? Probably a pittance and the taxpayers will end up being the ones who give this flipper his $200K profit.

So yeah, crap like this pisses some of us off.

[TheBreeze]

I fail to understand why people get so worked up about it.

Maybe because our government is currently in the process of bailing out idiot buyers like this one? I wonder how much this idiot buyer had to put down? Probably a pittance and the taxpayers will end up being the ones who give this flipper his $200K profit.

So yeah, crap like this pisses some of us off.

[TheBreeze]

I fail to understand why people get so worked up about it.

Maybe because our government is currently in the process of bailing out idiot buyers like this one? I wonder how much this idiot buyer had to put down? Probably a pittance and the taxpayers will end up being the ones who give this flipper his $200K profit.

So yeah, crap like this pisses some of us off.

[SD Realtor]

I know it is hard to do on an internet blog but let’s try to look at the facts.

First off – The home was financed with 417k at a sales price of 545k. That means the buyer came in with 128k of his own money. Is that a pittance to you?

Second – Did you see this home Breeze? It had a cracked slab and was a wreck inside. Actually the guy did a decent job fixing it up. Not great but good enough obviously to fetch 545k.

Third – Yep he almost did make 200k but not quite. He bought it from the lender for 361.5k on a 200k loan. He then rehabbed the property including the foundation work. They paid the buyers agent 5% commission, (hopefully this buyer had a rebate from his agent) and if you include the listing commission and closing costs the flipper walked away with a net of something well less then 200k.

Fourth – Fine be pissed if you want but your stay pissed for a long time. Time can be spent in a more constructive way then trying to figure out why buyers act the way they do.

I gave up being pissed off a long time ago and want to buy just as bad as anyone else. If I wanted I could sit here and post flip after flip all day long but I guess I don’t see how it is that constructive. I guess it does beat some of the OT posts though.

[SD Realtor]

I know it is hard to do on an internet blog but let’s try to look at the facts.

First off – The home was financed with 417k at a sales price of 545k. That means the buyer came in with 128k of his own money. Is that a pittance to you?

Second – Did you see this home Breeze? It had a cracked slab and was a wreck inside. Actually the guy did a decent job fixing it up. Not great but good enough obviously to fetch 545k.

Third – Yep he almost did make 200k but not quite. He bought it from the lender for 361.5k on a 200k loan. He then rehabbed the property including the foundation work. They paid the buyers agent 5% commission, (hopefully this buyer had a rebate from his agent) and if you include the listing commission and closing costs the flipper walked away with a net of something well less then 200k.

Fourth – Fine be pissed if you want but your stay pissed for a long time. Time can be spent in a more constructive way then trying to figure out why buyers act the way they do.

I gave up being pissed off a long time ago and want to buy just as bad as anyone else. If I wanted I could sit here and post flip after flip all day long but I guess I don’t see how it is that constructive. I guess it does beat some of the OT posts though.

[SD Realtor]

I know it is hard to do on an internet blog but let’s try to look at the facts.

First off – The home was financed with 417k at a sales price of 545k. That means the buyer came in with 128k of his own money. Is that a pittance to you?

Second – Did you see this home Breeze? It had a cracked slab and was a wreck inside. Actually the guy did a decent job fixing it up. Not great but good enough obviously to fetch 545k.

Third – Yep he almost did make 200k but not quite. He bought it from the lender for 361.5k on a 200k loan. He then rehabbed the property including the foundation work. They paid the buyers agent 5% commission, (hopefully this buyer had a rebate from his agent) and if you include the listing commission and closing costs the flipper walked away with a net of something well less then 200k.

Fourth – Fine be pissed if you want but your stay pissed for a long time. Time can be spent in a more constructive way then trying to figure out why buyers act the way they do.

I gave up being pissed off a long time ago and want to buy just as bad as anyone else. If I wanted I could sit here and post flip after flip all day long but I guess I don’t see how it is that constructive. I guess it does beat some of the OT posts though.

[SD Realtor]

I know it is hard to do on an internet blog but let’s try to look at the facts.

First off – The home was financed with 417k at a sales price of 545k. That means the buyer came in with 128k of his own money. Is that a pittance to you?

Second – Did you see this home Breeze? It had a cracked slab and was a wreck inside. Actually the guy did a decent job fixing it up. Not great but good enough obviously to fetch 545k.

Third – Yep he almost did make 200k but not quite. He bought it from the lender for 361.5k on a 200k loan. He then rehabbed the property including the foundation work. They paid the buyers agent 5% commission, (hopefully this buyer had a rebate from his agent) and if you include the listing commission and closing costs the flipper walked away with a net of something well less then 200k.

Fourth – Fine be pissed if you want but your stay pissed for a long time. Time can be spent in a more constructive way then trying to figure out why buyers act the way they do.

I gave up being pissed off a long time ago and want to buy just as bad as anyone else. If I wanted I could sit here and post flip after flip all day long but I guess I don’t see how it is that constructive. I guess it does beat some of the OT posts though.

[Author]

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