ExFlyBoy5
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Read an article on Bloomberg that illustrates that flipping real estate isn't always the goose that lays the golden egg. The opening paragraph left me shaking my head in disbelief...
A few of the AEs that I know make pretty darn good money. This just seems to be a good example of where greed comes back to bite one in the arse.
Sean Pan wanted to be rich, and his day job as an aeronautical engineer wasn’t cutting it. So at 27 he started a side gig flipping houses in the booming San Francisco Bay Area. He was hooked after making $300,000 on his first deal.
A few of the AEs that I know make pretty darn good money. This just seems to be a good example of where greed comes back to bite one in the arse.
Fourth-quarter losses for flippers who sold within a year were the highest since 2009, according to a CoreLogic analysis that looks at buying and holding costs, but not rehab expenses. In the San Jose area, 45 percent of flips lost money.
Last edited: