After you pay repair/improvement costs, a 2.5% commission, holding costs, and income taxes - not to mention the risk involved - is this flip worth the trouble? The agent had in his remarks that the last sale of this model was $848,000, wouldn't you think he'd try for...
Flips
LCRidge
A youtube tour of one of the better properties we've seen this year, flipped by some of the best in the business - and fans of the blog!
Spreckels Mansion Sold to Flippers
From the U-T: The Coronado mansion at the center of two deaths and much speculation is being sold. An investment group is in escrow on the historic Spreckels mansion owned by Arizona pharmaceutical tycoon Jonah Shacknai, whose 6-year-old son Max died after...
Painted Lady, Start-to-Finish
Feel like doing a rehab? Here's a sampling of what's needed to complete a full renovation - five months' worth of Tom's work in less than nine minutes (now pending after four days on market, was listed for $499,000):
Painted Lady Open House Report
If everything goes right, we should sell it this week:
‘Crete
Tom Tarrant is close to finishing the Lady, click here for story:
Another Flipper
The guy from the TV show, Flip This House, wants to show you how to do it too. He has a seminar tomorrow to discuss how he is going to make $150,000 profit on this house at 1036 Edgemont in South Park. The house had been purchased at the trustee sale by our favorite...
Foreclosure Economy
The media wants you to believe that foreclosures are tanking the values of every neighborhood. They need to look a little harder at what is really happening on the street. If the banks were more realistic about their opening bids at the trustee sales, they could be...
Realtor Fraud Being Exposed
Hat tip to MB for sending this along, from the wsj.com: Reports of mortgage fraud, which have been increasing since the housing boom, rose to their highest level on record in 2010, Treasury Department figures showed. The Financial Crimes Enforcement Network, a...
One-Story in SW Carlsbad
A counter-offer is out for signature, so this might sell - but if it doesn't come back signed by lunchtime, Bryce will be conducting open house 1-4pm today at 925 Daisy Ave in Carlsbad: