SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (618449)7/7/2011 7:06:43 PM
From: bentway  Read Replies (1) of 1583416
 
Well, Dave, I know several flippers that frequented the RRE thread that bought as many as TEN houses (in Florida and CA) through flaky, stated-income mortgages (liar loans), intending to flip them quickly for a profit. Some did this more than once! Most got caught without a chair when the bottom fell out.. Only the lucky made out.

There were HUNDREDS of people like that. RRE was the shortcut to riches - probably not in Hogwallow, Arkansas, but on the go-go coasts, for sure!

THAT's speculation. Just Google house flippers, and you'll find PLENTY of information.

Where've YOU been?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext