bargains: That’s not really a unicorn, it’s a pony with a cardboard cone strapped to his head. - 02/02/10 08:46 PM
We found this jewel listed for $92k in a $175k neighborhood and that's just the bargain we're looking for. We're handy and can do what that house needs. Oh yea boy! Instant equity! Really? Well, judging from just those facts alone, I can tell you what that house really needs is a loan. Can you do that?
Many first time buyers are scouring the internet search sites looking for a bargain. They want a foreclosure, because they know how to swing a hammer and slap some paint on a wall. That place listed for about half what the city assessed it at … (2 comments)
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bargains: Making Money On A SLOW FLIP (Part 5 – Final Cautions) - 09/17/09 10:22 AM
A few years ago, it was common in many markets for real estate investors to buy houses, update or repair them to bring them current to buyer's tastes, and sell at a profit a few months later. For most markets, those days are gone. The problem with flips (and flippers) is that they were primarily in the get-rich-quick game-which may work for a while, but doesn't last forever. You can still make money by applying some of the principles touted on HGTV, TLC, and the like, but it's a slower path to your payday. I call this strategy a "slow flip".
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bargains: Making Money On A SLOW FLIP (Part 4 – Making Your Budget) - 09/16/09 07:19 AM
A few years ago, it was common in many markets for real estate investors to buy houses, update or repair them to bring them current to buyer's tastes, and sell at a profit a few months later. For most markets, those days are gone. The problem with flips (and flippers) is that they were primarily in the get-rich-quick game-which may work for a while, but doesn't last forever. You can still make money by applying some of the principles touted on HGTV, TLC, and the like, but it's a slower path to your payday. I call this strategy a "slow flip".
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bargains: Making Money On A SLOW FLIP (Part 3 – Ideas for Changes) - 09/15/09 08:43 AM
A few years ago, it was common in many markets for real estate investors to buy houses, update or repair them to bring them current to buyer's tastes, and sell at a profit a few months later. For most markets, those days are gone. The problem with flips (and flippers) is that they were primarily in the get-rich-quick game-which may work for a while, but doesn't last forever. You can still make money by applying some of the principles touted on HGTV, TLC, and the like, but it's a slower path to your payday. I call this strategy a "slow flip". … (2 comments)
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bargains: Making Money On A SLOW FLIP (Part 2 – Finding the Property) - 09/14/09 07:09 AM
A few years ago, it was common in many markets for real estate investors to buy houses, update or repair them to bring them current to buyer's tastes, and sell at a profit a few months later. For most markets, those days are gone. The problem with flips (and flippers) is that they were primarily in the get-rich-quick game-which may work for a while, but doesn't last forever. You can still make money by applying some of the principles touted on HGTV, TLC, and the like, but it's a slower path to your payday. I call this strategy a "slow flip".
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bargains: Making Money On A SLOW FLIP (Part 1 of 5) - 09/13/09 02:03 AM
A few years ago, it was common in many markets for real estate investors to buy houses, update or repair them to bring them current to buyer's tastes, and sell at a profit a few months later. For most markets, those days are gone. The problem with flips (and flippers) is that they were primarily in the get-rich-quick game, which may work for a while, but doesn't last forever. You can still make money by applying some of the principles touted on HGTV, TLC, and the like, but it's a slower path to your payday. I call this strategy a "slow … (4 comments)
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