Sunday, October 08, 2006

How fast can you flip a house?


9286 OLYMPUS COURT, MIRA MESA
This flpper purchased this house less than a month ago on 9/15/2006 for $663,900. He listed it on the market the next freak'in day on 9/16/2006 for $699,000-$765,000. I am shocked that there are flippers out there that still believe that they can get away with this, and I can't believe that there are buyers out there that help them achieve their goals.
Spread the world we are not going to put up with this anymore.

4 comments:

Anonymous said...

How much above what this assclown bought it for would he have to sell it for just to cover all the transaction costs?? This stuff is just not making sense.

The world is officially upside down

Bob Flippa said...

Usually you have to sell it for about 106%-108% of your purchase price to break even.

Anonymous said...

perhaps he can sell it to Casey Serin...
that is, if Casey can get just one more financed!!

Anonymous said...

Casey Serin bwhwhwhwhwwwhahahaaa that is the funniest post ever!!!