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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (49946)3/10/2006 1:20:15 PM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
>>He borrowed heavily and flipped 19 houses in Fort Lauderdale, reaping profits of $750 to $71,000 on each property and plowing two-thirds of his $300,000 in profits into still more homes<<

Flip a house to make $750?? Not worth the time or headache, kinda speaks to the guy's intelligence quotient.....<NG>

Exactly the guy the Fed is now targeting. He'll be wearing a barrel in a year.
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