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ask an agent - is flipping a house worth it?


By Austinhousingbubble   Follow   Sun, 26 Feb 2012, 10:37am PST   1,155 views   6 comments
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http://www.statesman.com/business/ask-an-agent-is-flipping-a-home-worth-2169365.html

Huzzah!

The Statesman - cozy bedfellows with the local NAR - has been very strategically selecting which articles it allows reader comments on and which ones it doesn't.

JodyChunder   Sun, 26 Feb 2012, 6:49pm PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 1

Malkovich says

My skinny GF will get one once in a while.

Fat chicks only!!

Malkovich   Sun, 26 Feb 2012, 12:52pm PST   Share   Quote   Permalink   Like   Dislike     Comment 2

Not sure if flipping is worth it but flopping, on the other hand, is a win-win-win for the seller, buyer, and realt-whore:
http://moneyland.time.com/2011/06/13/the-newest-real-estate-trouble-flopping/

Easy money every single time!

JodyChunder   Sun, 26 Feb 2012, 1:17pm PST   Share   Quote   Permalink   Like   Dislike     Comment 3

Speaking of Austin and Flopping, I know of one example recently

http://www.redfin.com/TX/Austin/1207-Travis-Heights-Blvd-78704/home/31618362

Look at the price history. Cleaned up like a mother.

JodyChunder   Sun, 26 Feb 2012, 2:34pm PST   Share   Quote   Permalink   Like   Dislike     Comment 4

BUT! I think flipping and flopping is both good since this $$$ finds its way into the economy and people buy lunch meats and bacon and the guy selling the lunch meats an bacons goes out an buys a car and the car salesman goes out and buys a baseball glove or radio etc.

Malkovich   Sun, 26 Feb 2012, 2:56pm PST   Share   Quote   Permalink   Like   Dislike     Comment 5

JodyChunder says

BUT! I think flipping and flopping is both good since this $$$ finds its way into the economy and people buy lunch meats and bacon and the guy selling the lunch meats an bacons goes out an buys a car and the car salesman goes out and buys a baseball glove or radio etc.

Bacon-dog carts? Man those smell good after a night of bar hopping. Never had one though - afraid it would stop my heart. My skinny GF will get one once in a while.

BayArea   Sun, 26 Feb 2012, 10:59pm PST   Share   Quote   Permalink   Like   Dislike     Comment 6

Malkovich says

Not sure if flipping is worth it but flopping, on the other hand, is a win-win-win for the seller, buyer, and realt-whore:

http://moneyland.time.com/2011/06/13/the-newest-real-estate-trouble-flopping/

Easy money every single time!

In a short sale, the seller gives up some of their "say" in transaction, correct? It seems like risky business if there are other potential buyers but I suppose you can always back out if it's not going your way.

As a short seller, how can you be sure that you are selling to your desired buyer?

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