It’s been quite a trend for the last few years… thanks in part to all the real estate gurus out there hawking all their books, seminars, and real estate courses.
Is it still possible to flip houses profitably in today’s market?
Some claim it is. Have you ever watched the tv show “Flip This House”? I have seen a few episodes, and one in particular comes to mind, as it takes place here in Atlanta. The home was supposedly bought, rehabbed, and sold in no time at all - at a nice tidy profit.
But did it really sell? Apparently not. Here is the listing pulled today: 2699ellenway.pdf
Oddly enough, the agent that was on the show is NOT the agent that listed the property… and the tax records and MLS records do not show any change of ownership.
Perhaps the public is being duped. So… with the click of the mouse, I come up with this. Hmm… one of the comments from August claims that another house that was supposedly sold was still on the market.
But did it really sell? Apparently not. Here is the listing pulled today: 1119lawtonplace.pdf
I feel like I’m starting to see a trend here.
Some people take this flipping business to an extreme. Case in point is Casey Serin. To say he got in over his head would be like saying Lake Michigan is a decent fishing hole.
So… do you still want to flip some houses?
The show featuring the Lawton Place house is running again… so I took another look to see if there’s any change in the status of either of these two listings.
Both are still for sale. No change in the price.
It’s a tough market out there, right now.
Left by Doug Quance on December 9th, 2006