$150K loss in 20 months for San Marcos flipper
Almost feel sorry for the guy. One silver-lining is that you won't be the only one, not by a longshot.
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Hi I'm Bob Flippa and welcome to "This Old House Flip". We will be investigating detailed examples of flippers attempting to quickly make a profit buying and selling the "American Dream" of owning a home in the San Diego County area. This blog serves to educate potential buyers of the unscrupulous activies of these flippers and will hopefully save you money in the longterm.
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- Happy Anniversary -- over $100K loss
- Flipper in Oceanside looking to pay off student loans
- Mother of all failed flips! -$330K in 10 months!
- Wanted: Jackass or similar to buy Chula Vista house
- $150K loss in 20 months for San Marcos flipper
- One too many flips for this San Marcos flipper
- Sleepless in San Marcos
- SD County foreclosures up 4% in 2 weeks!
- Ouch! Flipper reeling after failed flip
- Seller entertaining offers between $680,000 - $1,0...
- Oceanside flipper feeling heat this season
- Oceanside home below 2004 price!
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Disclaimer: Observations made by the publisher of This Old House Flip are made based on gathering articles and data from various real estate, governmental and news sources. We are not responsible for errors or omissions of data and news. All opinions made by the publishers of this web site are not to be taken as investment advise. We recommend everyone to use their own judgment and gather facts regarding their real estate or other financial affairs.
3 comments:
At least this guy has somewhat of a clue and realizes his price should be set lower now and not higher. It is still overpriced but at least heading in the right direction. I love this blog
No sympathy from me for the flippers, even if he now might be admitting that "Houston, we have a problem".
Too bad it's 1000 ft from a 6 lane freeway and 500 ft from a brand new set of train tracks that will go operational here in a few months.
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