Home Page link

It's Fun to flip

Home| Search | About
Login Password
Register Now! Lost Password?

Home Repair - - If it ain't broken, don't fix it. Otherwise look here. 

Bookmark this page:  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
It's Fun to flip Yokie1 09-20-2007
If you were  Registered and logged in, you could reply and use other advanced thread options
Posted by Yokie1 on September 20, 2007, 2:22 am
It's great to see a group of people that appreciate flipping,
improving and repairing houses;
Over the last few months it's seems to be getting more and more
popular.
People don't realize how physically demanding it can be sometimes
until you actually start to do it!
That's why it's nice for us flippers to have places like this to meet
and share ideas. Thanks.

I've got a blog about what it's like and what people ought to know
before they get involved
with it. I hope that by reading it, others will gain some
appreciation for this craft. Check it out at ... http://fliptosell.blogspot.com

Most people who decide to flip houses do it because there's money to
be made. But you should diffinitely know what you're getting into
before you do it.


Posted by on September 20, 2007, 12:51 pm
On Thu, 20 Sep 2007 06:22:58 -0000, Yokie1

>It's great to see a group of people that appreciate flipping,
>improving and repairing houses;
>Over the last few months it's seems to be getting more and more
>popular.
>People don't realize how physically demanding it can be sometimes
>until you actually start to do it!
>That's why it's nice for us flippers to have places like this to meet
>and share ideas. Thanks.
>
>I've got a blog about what it's like and what people ought to know
>before they get involved
>with it. I hope that by reading it, others will gain some
>appreciation for this craft. Check it out at ... http://fliptosell.blogspot.com
>
>Most people who decide to flip houses do it because there's money to
>be made. But you should diffinitely know what you're getting into
>before you do it.


All of the "flippers" around here are in deep shit unless they got all
the flipping out of their system by about October 06. House prices are
down 25% and they still sit on the market for months. Why buy some
patched up old house when you can get a brand new "inventory" from a
builder for the same money?

Posted by Cindy Hamilton on September 20, 2007, 1:48 pm
On Sep 20, 12:51 pm, gfretw...@aol.com wrote:

> All of the "flippers" around here are in deep shit unless they got all
> the flipping out of their system by about October 06. House prices are
> down 25% and they still sit on the market for months. Why buy some
> patched up old house when you can get a brand new "inventory" from a
> builder for the same money

I think I'd prefer an older house. (Certainly my purchasing history
suggests
that--1947, 1955, 1948 for the three houses I've bought.) It takes a
few
decades for a house to really settle down and prove its worth. That
brand
new "inventory" is likely to be built to crap standards and be
burdened
with an HOA to boot.

My husband and I can upgrade the mechanicals ourselves (and have,
as needed) to modern standards. But there's no help for flimsy
construction,
as all too many houses are built nowadays.

I don't think I could afford a new house that's built as well as my
current
house. It's veneered with real granite over concrete block.

Cindy Hamilton


Posted by Bob F on September 20, 2007, 1:55 pm

> On Sep 20, 12:51 pm, gfretw...@aol.com wrote:
>
>> All of the "flippers" around here are in deep shit unless they got all
>> the flipping out of their system by about October 06. House prices are
>> down 25% and they still sit on the market for months. Why buy some
>> patched up old house when you can get a brand new "inventory" from a
>> builder for the same money
>
> I think I'd prefer an older house. (Certainly my purchasing history
> suggests
> that--1947, 1955, 1948 for the three houses I've bought.) It takes a
> few
> decades for a house to really settle down and prove its worth. That
> brand
> new "inventory" is likely to be built to crap standards and be
> burdened
> with an HOA to boot.
>
> My husband and I can upgrade the mechanicals ourselves (and have,
> as needed) to modern standards. But there's no help for flimsy
> construction,
> as all too many houses are built nowadays.
>

You sure got that right.

Bob



Posted by N8N on September 21, 2007, 9:57 am
wrote:
> On Sep 20, 12:51 pm, gfretw...@aol.com wrote:
>
> > All of the "flippers" around here are in deep shit unless they got all
> > the flipping out of their system by about October 06. House prices are
> > down 25% and they still sit on the market for months. Why buy some
> > patched up old house when you can get a brand new "inventory" from a
> > builder for the same money
>
> I think I'd prefer an older house. (Certainly my purchasing history
> suggests
> that--1947, 1955, 1948 for the three houses I've bought.) It takes a
> few
> decades for a house to really settle down and prove its worth. That
> brand
> new "inventory" is likely to be built to crap standards and be
> burdened
> with an HOA to boot.
>
> My husband and I can upgrade the mechanicals ourselves (and have,
> as needed) to modern standards. But there's no help for flimsy
> construction,
> as all too many houses are built nowadays.
>
> I don't think I could afford a new house that's built as well as my
> current
> house. It's veneered with real granite over concrete block.
>
> Cindy Hamilton

I'm right there with ya. (1948 here) HOAs are evil, and there's
something about floor joists that are a full 2" wide and made of
something other than pine.

As for flipping, it's all fun and games until someone loses their
shirt. I suppose there might be money to be made in picking up a
fixer-upper that's been repossessed, but I don't have the testicular
fortitude to try it at the moment at least until we find out what's
happening with interest rates, mortgage companies, etc.

nate


Similar ThreadsPosted
Renovate a foreclosure and flip it ! September 26, 2006, 12:58 pm
riding mower on hill - how easy to flip? July 12, 2007, 11:38 am
Flip Kwikset left-hand lock knob to right-hand keyhole reversal January 14, 2007, 2:03 am

Contact Us | Privacy Policy

XML SitemapXML Sitemap