Encinitas feeling the blues
Friday, November 10, 2006
Sunday, November 05, 2006
San Marcos flippers need lessons in flipping!
This home has been on the market 3 times since 2005. It was sold new on 3/30/2005 for $498,724. This flipper quickly sold it for $480,000 on 4/17/2006, taking a $48,000 hit in the process. Now this flipper is grasping reality as he is going to get an even bigger shaft.
The purpose of flipping is to make money, otherwise stay at home and watch Dancing with the Stars or something. This is a tough lesson to learn.
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