Our blog-friend Tom Tarrant is wrapping up his last flip in San Antonio, and bringing his talents back to San Diego. Hopefully once Tom and family are back in town we can experience some of his fine work in person. Here is the youtube of the latest project (love...
Flips
Suing for Lost Profits
Hat tip to Susie for sending this along from the Idaho Business Review: What a great way to make money! Buy an old house, fix it up, and then resell it for a tidy profit. Let the good times roll! Of course, the A&E reality show “Flip This House” well documents...
More Ocean and Birds
$200,000 Flippers
Historic-Home Painting
Tom Tarrant is an ex-San Diegan who is flipping houses in San Antonio. Here is a youtube of a 1923 Craftsman-style house that he painted with seven colors! Click here for more details.
Flipper Fraud
From HW: Fortuno, a company that bills itself as the "Costco of real estate," has been sued by investors in Los Angeles Superior Court for allegedly duping them into buying what were essentially worthless REO properties. The unrelated plaintiffs claim they were...
REO vs. Flipper Race
We've seen and heard about flippers paying more and more (too much!) in the competitive trustee-sale environment at the court house steps. With the backlog of occupants not vacating the foreclosed properties, there is bound to be some overlap. The 3,278sf house in...
Enough
I don't want to beat a dead horse - we know that realtors are committing fraud and deceit. Here's an example of one guy, the previous listing agent of this house, who has been inputting short-sale listings onto the MLS for the last 1+ years, with the vast majority...
Gully Side
This is the second half of the 'luz tour, covering the western side. At the end of the video there is mention of a flipper who just paid $1,430,500 at the trustee sale on January 13th, and then closed escrow with the new buyer on February 26th for $2,175,000 cash. If...
Hang in There!
Another round of postponements today, but hopefully this youtube will keep you in the hunt: