Oceanside flipper in deep trouble
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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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- Big Trouble in Point Loma Revisited
- New website launches to save fools from foreclosure
- Carlsbad flipper hasn't recieved the memo
- More bad news for Carlsbad
- Carlsbad sinking slowly
- How about one more in Carmel Valley?
- Flipper isolated in Valley Center
- Another Rocky Road in Carlsbad
- Carlsbad feeling the heat!
- Quickly sinking by the Lakeside
- Mission Valley home below 2004 price
- Rancho Bernardo, come on down!
- Yes, even in Carmel Valley there are losers
- No easy flip in Escondido
- Flipper scratching head in Scripps Ranch
- Quick flip gone bad in Spring Valley
- Oceanside flipper in deep trouble
- Well drying up for flipper in San Marcos
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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.
2 comments:
Nice website Bob. I love the sad stories. One note to the readers though, which I'm sure Bob will confirm. This site, and others give a tiny example here and there of individual houses upside down (asking for less that a previous purchase price). This may give you the false impression that perhaps they are anecdotal and perhaps rare at this point. The fact is, there are literaly hundreds of these all over the county, perhaps over a hundred in Chula Vista alone (where a list price is below what Zillow says was a previous purchase price). All you have to do is go grab fliers and then zillow the house. I just want people to know that these "flippers" in trouble aren't hard to come by. They are out there by the boatload. Bob, if you run out, take a drive down to east Chula Vista, where all the houses are new and by definition upside down! It aint gonna be pretty.
New website needed: www.DesperateFlipperHousewives.com. Let the wives tell how desperate they've become since the equity/money is drying up...cause hubby took out a 2nd on the main residence to buy the flip house (or "invested" the kid's college money, or...).
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