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Author
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Topic: anyone flip homes in sac area?
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adower
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Member # 5955
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posted
 
 
If so can i shoot you a pm?
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98 Cobra
Griggs
S Trim
HRE
Posts: 3327 | Registered: Aug 2005
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Luke87GT
Lay'n more stripes
than Caltrans
Member # 21
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The worst bubble burst in real estate history, millions in foreclosure inventory and short sales to be cleared in 2012-2013, 25% of financed loans underwater, and someone is flipping homes in Sacramento (a city hit particularly hard)???
Tell us more, what are the rest of us missing?
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Stangless
Posts: 7802 | From: San Mateo | Registered: Jul 2000
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Wildfire532FB
CAFords OG
Member # 1482
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House prices still falling? I know the Government is saying its not but i know they are full of it.
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68 Fastback
84 CJ7
94 HMMWV
95 GT
03 F350
17 Fusion Hybrid
Posts: 17578 | From: 530 | Registered: Jun 2002
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cees87drop
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Member # 4066
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In this market the smart thing is to buy low, real low, and keep to rent... flipping has past for now.
Posts: 855 | From: san jose | Registered: Jan 2004
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v-town coupe
fordologist
Member # 2771
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posted
quote:
Originally posted by cees87drop:
In this market the smart thing is to buy low, real low, and keep to rent... flipping has past for now.
true that rental property is where its at for now!
Posts: 4597 | From: the V-town | Registered: May 2003
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1996 GT
I'm Joe Yates
Member # 4992
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posted
quote:
Originally posted by Luke87GT:
The worst bubble burst in real estate history, millions in foreclosure inventory and short sales to be cleared in 2012-2013, 25% of financed loans underwater, and someone is flipping homes in Sacramento (a city hit particularly hard)???
Tell us more, what are the rest of us missing?
There are a shit load of under priced homes that require work that conventional financing wont touch. People fuck these houses up when they are told to leave, or scrappers get ahold of all the copper in the homes. The banks would rather sell them at a deep discount than put their own money into rehabbing the home. Normal people dont have the cash to do this thats why its a good payoff but potentially risky endeavor right now. Risky being that once you run out of money, you're probably not going to get any financing to help out.
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http://i.magaimg.net/img/257w.png
Posts: 9308 | Registered: Oct 2004
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9cobra7
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Member # 2812
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posted
quote:
Originally posted by adower:
If so can i shoot you a pm?
This guy is asking for a pm and if anyone flips houses. ![[Roll Eyes]](rolleyes.gif)
[ January 08, 2012, 09:41 AM: Message edited by: 9cobra7 ]
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If you can't walk and chew gum at the same time, don't walk.
Posts: 2633 | From: usa | Registered: May 2003
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adower
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Member # 5955
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posted
Or is anyone a general contractor?
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98 Cobra
Griggs
S Trim
HRE
Posts: 3327 | Registered: Aug 2005
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SlowStockFox
Stock Fox
Member # 1081
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posted
my frineds dad has made over 280k this year on 6 homes in sac/roseville area. so it can be done
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i walk around....dont drink and drive
Posts: 2957 | From: cali | Registered: Mar 2002
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asskickn88
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Member # 4957
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posted
We are currently house shopping right now and I can say there are a lot of flips out there right now. We actually made an offer on one this morning. We were working with a guy for a while who buys several houses a week at auction and flips them. The only reason we didn't end up using him was because nothing he was getting fit our needs. We are being picky about area and features, I can get an amazing house in Antelope if I don't mind the ghetto right around the corner. We decided on an older place in Fair Oaks on a big lot, nice quiet and established neighborhood. I can put you in contact with the guy if you want.
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Three 540 Bimmers and a 5.0 Explorer.... got a Ford back in the stable!
It's time for the country to do what Obama's own father did.
Abandon him.
Posts: 6069 | From: Rocklin, Ca | Registered: Oct 2004
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adower
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Member # 5955
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posted
quote:
Originally posted by asskickn88:
We are currently house shopping right now and I can say there are a lot of flips out there right now. We actually made an offer on one this morning. We were working with a guy for a while who buys several houses a week at auction and flips them. The only reason we didn't end up using him was because nothing he was getting fit our needs. We are being picky about area and features, I can get an amazing house in Antelope if I don't mind the ghetto right around the corner. We decided on an older place in Fair Oaks on a big lot, nice quiet and established neighborhood. I can put you in contact with the guy if you want.
Hey jeff! Check pms please.
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98 Cobra
Griggs
S Trim
HRE
Posts: 3327 | Registered: Aug 2005
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Mr.Lucky
CAFords OG
Member # 1772
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posted
I house shopped for 2 years nearly before getting my house. You should see some of the houses I walked into. Missing all light fixtures, toilets, holes in walls, cat shit thrown onto the spackled ceilings. Sad 1 I saw, home owners were renovating before going under. Brand new granite counter tops, beautiful marble tile floors. They Took gorilla glue and hammer to every solid piece avail. Oh and the best one. Flushing concrete down every toilet. Lots of people were real unhappy.
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95GT: Bolt ons.
Good sellers/buyers: Stangs R Us, 1SicGt, sn4bwc, racsirx, WickedStang, Autumnstang97, cali95gt
Posts: 4197 | From: Manteca | Registered: Sep 2002
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asskickn88
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Member # 4957
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posted
quote:
Originally posted by Mr.Lucky:
I house shopped for 2 years nearly before getting my house. You should see some of the houses I walked into. Missing all light fixtures, toilets, holes in walls, cat shit thrown onto the spackled ceilings. Sad 1 I saw, home owners were renovating before going under. Brand new granite counter tops, beautiful marble tile floors. They Took gorilla glue and hammer to every solid piece avail. Oh and the best one. Flushing concrete down every toilet. Lots of people were real unhappy.
It's sad, they trash the house because they can't or won't make the payment and blame the bank because they purchased at the high end of the market. You don't see too many houses that are trashed now though, I do see missing stoves and smaller things. I went in one that was bank owned the other day that looked like someone sat in a bed for years smoking and throwing their butts and ashes on the floor, the carpet had thousands of burns and one wall had a 5 ft wide smoke stain from floor to roof.
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Three 540 Bimmers and a 5.0 Explorer.... got a Ford back in the stable!
It's time for the country to do what Obama's own father did.
Abandon him.
Posts: 6069 | From: Rocklin, Ca | Registered: Oct 2004
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