In areas where the inventory is close to zero, add the basic flipper package and stand by for offers:
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Flips
One Room Plus Bedrooms
These sellers paid $500,000 in February.
Investors Are Active
Doomers have claimed that since rates went up, investors are fleeing the market. Thankfully Alejandro of the latimes.com looked into it a bit deeper to find that there are plenty of investors, but it's finding the deals that is the challenge - an excerpt: Now the...
North Leucadia
The two big Pardee tracts in Carmel Valley haven't disrupted the resale market - instead, with deliveries being so far out, they have probably helped resales which have a more-immediate occupancy. Leucadia might be different - Shea is building enough new...
Celebrities Flipping Homes
The latimes.com featured celebrities who have turned to flipping houses: http://www.latimes.com/business/money/la-fi-mo-celebrity-home-flippers-party-20130824,0,2737575.story This is the 8 br/9 ba, 13,000sf house off Sunset that is listed for $28,800,000:...
New Normal for Foreclosures
Back in the old days there were 100-500 foreclosures per year in SD County: We've already had 1,504 properties get foreclosed in the first half of 2013, so historically we're still at elevated levels. But with the county averaging 3,000+ total sales per month, lenders...
CV Flipper
At first glance, it looked like both lenders were paid off because the sales price from the trustee sale was recorded as $1,200,000. But upon further review (at foreclosureradar.com), the new owner actually paid $1,075,000:
Home-Flipping Huckster
Have you thought about being a flipper, and paying to learn the craft? Armando Montelongo Seminars offers long weekends of questionable advice, raucous showmanship and tours of foreclosed homes in some of America’s poorest sections. His secret formula: Go deeply into...
Shirley
Some agents get more caught up in their posturing than their fiduciary:
Risky But Undaunted
There are higher-end flippers - this one paid $940,000:
