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ask an agent - is flipping a house worth it?

By Austinhousingbubble   2012 Feb 26, 10:37am   ↑ like   ↓ dislike   1,889 views   6 comments   watch (0)   share   quote  

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.

1   JodyChunder   2012 Feb 26, 6:49pm  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

Malkovich says

My skinny GF will get one once in a while.

Fat chicks only!!

2   Malkovich   2012 Feb 26, 12:52pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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!

3   JodyChunder   2012 Feb 26, 1:17pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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.

4   JodyChunder   2012 Feb 26, 2:34pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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.

5   Malkovich   2012 Feb 26, 2:56pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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.

6   BayArea (21/21 = 100% civil)   2012 Feb 26, 10:59pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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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