Flippers in Trouble
Everyone knows the market has cooled and Flippers in Trouble has posted depressing figures on what homes in Sacramento sold for and what they are asking now. Maybe it's not so depressing as this correction was bound to come and now the numbers are getting closer to the true value (but CA is still crazy). I hope our friends at Fliperati are taking notice.
September 13, 2006 | Comments (1)
Duly noted! The Fliperati folks are working around the clock to finish the current project. Hoping that the New Jersey market was never as frothy as CA and that there is still a good amount of room for profit. Unexpected renovation costs (mostly plumbing nightmares) are the biggest enemy of the bottom line at this point...
Posted by: Fliperati | September 14, 2006 5:13 PM