Home Forclosures hit record high

[IamDeMan 5,000+ posts]

You flipped it.

As dev pointed out, not really a flip as we lived there. We didn't even really plan on selling until we crunched numbers and saw that the profit would give us a nice down on a much better home. Wasn't really done as a short term investment, it just happened lol.

 

[IamDeMan 5,000+ posts]

THats nice. Hard to do down there now, but we will see. Im not lookin to flip anyway though.


A flip to me is something short term. Techinically those houses we did were flips, but that one took dam near 6 months.

I guess people call the short ones quick-flips. Living in it for 2 years and shit isnt a flip to me, thats a nice return on a good investment.

Flipping is very sketchy right now unless you stay in the lower markets and really watch the budget so you don't price the home above the neighborhood. I have lost virtual value on my new home because it was a brand new build right out of the boom and the price for my home in this neighborhood has come down about 10k in an effort to sell the remainders. So it was kind of a wash, but we didn't buy this to make money. We bought this one to live in for quite some time, so my equity will return some day.

 

[IamDeMan 5,000+ posts]

If I did flips I would probably start with 2 year ones because if you live in the house for two years, it is a tax free flip. Then when I had my wealth upped, I'd do the quickies.

Carrying costs kill the profits though mayne.

 

[IamDeMan 5,000+ posts]

Jo0 flipped it. You just didn't mean to.

In a way I suppose lol.

 

[Chevillac 5,000+ posts]

If I did flips I would probably start with 2 year ones because if you live in the house for two years, it is a tax free flip. Then when I had my wealth upped, I'd do the quickies.

You cant ball like jeezy takin two years to flip shit....

"Ngaz coppin white and turn flips like cartwheels " - young jeezy

Carrying costs kill the profits though mayne.

//content.invisioncic.com/y282845/emoticons/word.gif.64b12e39f936af3b4fff38a1c0bd0244.gif Nail on the head.

 

[IgnoreMe 5,000+ posts]

What part of, "I'm not Messican" confused you?

thats the only post that didnt confuse me

 

[IamDeMan 5,000+ posts]

thats the only post that didnt confuse me

I bet if I told you to go get 19 nuggets and 1 bbq packet, you'd understand. //content.invisioncic.com/y282845/emoticons/tongue.gif.6130eb82179565f6db8d26d6001dcd24.gif

weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

 

[IgnoreMe 5,000+ posts]

I bet if I told you to go get 19 nuggets and 1 bbq packet, you'd understand. //content.invisioncic.com/y282845/emoticons/tongue.gif.6130eb82179565f6db8d26d6001dcd24.gif

weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

colllldddd bloooddded

 

[IamDeMan 5,000+ posts]

colllldddd bloooddded

I love beating that dead horse though //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[squeak9798 5,000+ posts]

How many people know someone who's defaulted or in dire chance of doing so?

I know quite a few.

But then again.....I'm the one doing the foreclosing //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

 

[IgnoreMe 5,000+ posts]

I love beating that dead horse though //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

you love to see me in agony ya bastid