Well-wishers have been checking in over the last few days after seeing the BW exposure. Most give me the elbow and some version of "Boy, I bet you're digging this market now!". It's not as rosy as it might appear, especially for the buyers who hope to make a calm,...
For those who prefer the older one-story houses but want them nicely upgraded, here's a new listing to consider in the heart of Encinitas:
The older homes under $1,000,000 tend to need work:
This is right down the street from the flipper who made $850,000 gross profit when he sold his duplex for $1,825,000 cash, so others nearby figure that it means something, and are hoping to get in on the action. This doesn't really pencil as an investment property,...
You saw the previous flipper video where he is hoping to make a million? He has a track record - right around the corner too:
We saw this house back in April prior to this flipper's purchase - here is the before version: http://youtu.be/Wbqb7-_cg7o We have seen repeated attempts by flippers to make $200,000+ on a quick turn and burn, but this one takes the cake:
Most big-time flippers are mis-reporting their trustee-sale purchase price these days, but the majority of buyers are committed to paying the right price, regardless.
The flippers have been on a remarkable run in 2012 - will it continue? Or will 2013 be the year that buyers start to hesitate when they calculate flipper profit vs. upgrades?
Barratt's old Nantucket tract, foreclosed by BofA and then given to Shea Homes for $3,975,000 in March, 2011, is almost completed. This one Leucadia tract exemplifies the bubble experience from the peak in 2007, to where we are today. The house for resale featured...
If you are looking for a horse facility that is closer to town than most, yet has plenty of hills and trails for riding, check out this property:
