Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (35278)	7/13/2005 3:22:03 PM
From: John Vosilla	Respond to of 306849

This flipping of today is a different animal. I used to do a lot of rehabbing and flipping. We were problem solvers, took care of title problems, rehabbed properties and helped neighborhoods by upgrading abandoned properties. Offerred seller financing to folks who could not qualify(of course things have changed of late as everyone qualifies today)<g>. Today it's like okay lets fly from LA to Miami, attend a preconstruction condo party, put $20k down on a contract, do nothing and in 18 months when it is completed flip the contract for $100k profit. This adds zero value to society.