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.
How the flippers got rich and how the buyers became fools.
This video sums up everything you need to know about interest only loans and why you should stay away from them. If you can't afford to by a home using a conventional 30-year mortgage then just rent. You are better off in the longterm.
Posted by Bob Flippa at 10:04 PM
1 comment:
Thanks for that post Bob. Nice that the MSM is finally getting to where the blogs were a year and a half ago. Did note the glaring omission of neg-am loans being brought up. That might have been a bit too complicated for the "Dancing with the stars" crowd though.
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