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flip home

Prospective Buyer: “I Want Something 25% Below Market, That I Can Fix Up and Flip for Double, That the Seller Will Finance. Oh, and Do You Know Any Contractors??”

“Good Luck With That” Department I fielded a call the other week from a prospective Buyer who must have just skimmed “How to Make Millions in Real Estate” (or some such title) at Barnes & Noble. I doubt that such an approach ever worked, but it’s a guaranteed loser — and a time sink — in a...
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Prospective Buyer: ‘No More Flips, Please’

Skin Deep Beauty — Real Estate Version I’m working with a prospective Buyer currently who’s (politely) asked me not to show him any more “flips”  — that is, homes that have been purchased within the last six months by rehabbers, cleaned up and (selectively) updated, and then put back on the market at a much...
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Insider Buying & the Housing Market: Why Realtors are a CONTRARIAN Indicator

In the stock market, open market purchases of company stock by senior management (“insiders”) is considered to be bullish. After all, executives may sell stock for many reasons — to diversify, to raise money for things like real estate purchases, college tuition, etc. Presumably, however, there’s only one reason insiders buy: they think their company’s...
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