October 23, 2006

Video from a flipper - buying dirty and nasty homes to make a quick killing

28 comments:

Salt Lake Mortgage Guy said...

That looked like a scene out of a horror movie.

I almost puked watching that video. I can't believe it doesn't smell bad or have roaches!

anonywuss said...

I liked her quote, "dirty and nasty equals dollar signs, let's face it". That advice might serve her well in the future if her realty empire unravels.

No toilet and a brown bathtub? You don't have to be Sherlock Holmes to figure that one out.

I feel dirty even typing all this.

Out at the peak said...

She is not flipping these houses. She is doing just enough fix up and making them rentals. She is specifically not pouring money into the bathrooms and kitchens for them to resell.

At least in this case, she sounds like a traditional investor -- if they cash flow.

Alan P. said...

Future slum lord, yeah, she'll go far.

Anonymous said...

No the roaches and rt droppings come when she drops her pants..

Anonymous said...

she needs to "make a killing" to keep her in McNuggets and fries....fat bitch

Anonymous said...

E G O

Anonymous said...

I have been in real estate all my life and the worse house I ever saw was NOT habitated by mice and roaches. It was too toxic an environment and there was no food source.

Anonymous said...

"dirty and nasty equals dollar signs, let's face it"
I guess I should trade my trophy wife in for a crack whore and dump my Porsche for a Yugo.

Anonymous said...

Easy come Easy go!

Shakster said...

Just like a chick,it ain't her money what the hell does she care.

"Hunter" said...

Wow, a future slumlord and proud of it. I think she will find renting out that pile of poo to dead beats and crackheads isn't all that fun. Hey but at least there wasn't fecal matter....

Anonymous said...

Where's the weight bench ? Renters will get in there and trash that place and when you get them kicked out (good luck) you can burn the place down and try and collect the insurance. Putting money in that place is putting sugar on shit.

Anonymous said...

That homely cow was too foul to watch the video for more than 15 seconds. Fugly Ho.

SeattleMoose said...

Notice that when the house tour starts...the video is UPSIDE DOWN.....a sign of things to come?

Chris G said...

My observations:

- I never thought I would get a "virtual tour" to the tune of a Beastie Boys song.

- "I just wanted to let you guys know..." Yes, I'm sure there are people out there who were getting depressed that you hadn't posted a video for so long about your crackhouses.

- I have toured houses that are pretty close to the condition of this one, and it always amazes me how bad the bathroom can get. And I always chuckle a little bit when something like the toilet is missing.

- She makes a good point about not putting much into the bathrooms and kitchens, since it will be nothing more than a rental. The key is to make it clean with no foul odors, with completely functional appliances, and you are good to go.

NYC_COP said...

I can't help but think that this young lady is a bit emotionally disturbed. I could be wrong, but she strikes as what we call and EDP (Emotionally Disturbed Person). Did anyone in NY see the NBS special on the housing bubble bursting tonigh (10-23). How was it? Thanks.

bobbyj0708 said...

Does anyone else think lisps are kind of sexy? Yummy!

tabasco jenkins said...

Quick, somebody sign this dumb broad to a cable TV deal! That's obviously what she's going after. Pfff, honey, it's been done. Give up your dreams of being the next HGTV star. Go box Mike Tyson instead, that might be a better road to fame at this point.

Anonymous said...

Anonymous said...
"dirty and nasty equals dollar signs, let's face it"
I guess I should trade my trophy wife in for a crack whore and dump my Porsche for a Yugo.

You sound very impressed with yourself?

How much do you owe of your "Porsche?"

Can I get your wifes phone number?

Anonymous said...

I own it outright, there are very rich people out there.

Anonymous said...

If you have to ask how much of my porsche I own you cant afford the wifes number.

Anonymous said...

"dirty and nasty equals dollar signs, let's face it"

The same can apply to this inarticulate drop-out when she tries to score a pack of cigs from her jail cell. A glowing example of the uneducated scum that's gotten involved in the real estate industry in the last few years.

"No rats or roaches or toilets! It's gonna be AWESOME!"

brokersleaveyoubroke said...

I can understand why there were no roaches, it wasn't a place fit for a roach to live in. I can't imagine what kind of people used to live there. If she can turn that place into something people could live in then she's actually performing a worthwhile service. If she fixes it up and rents it out for positive cash flow then she's an investor and not a flipper. She also has a plan and seems to know what she's doing which seems to bother some people who attack her just because she's not very attractive.

devestment said...

Ask anyone with rentals; it isn’t as easy as it looks. If you are lucky you will pay for all your properties by retirement. I prefer higher end rentals as the tenants are more likely to pay their rent and less likely to destroy the place. I think the lady is admirable in her quest but has a long way to go and many hard expensive lessons to learn.

Anonymous said...

Halfway through, and still no vid of these famous fixer-uppers. Classic flipper/slumlord mentality - set everything up with bottom of the line, bare minimum for some faceless, nameless serf. Never stopping to ask 'would I want to live like this?'
Also, big dollar signs in the eyes, with no concern for others. As you overinflate that shack to line your pockets with $100k because you put up cheap paint and a ceiling fan, who is this poor person you're taking to the cleaners? That's more than a year's salary for most people. You don't care, you're going to retire early on the backs of others, leaving warped "comps" and jacked up property taxes in your wake (if your easy money ploy works, that is).
As pointed out, she's in for a fun time managing rentals in a bad neighborhood. What kind of financing did she get, I wonder?

Anonymous said...

is this a joke? how the heck can she flip that house? who buys such POS?

my car park looks better than that...holy jesus...

Anonymous said...

If she's going to fumigate that house, clean and rehab it, and rent or sell it for a reasonable price to someone that needs housing, I don't have a problem with it. Lod knows Louisanans (?) could use affordable housing right now.But if she 's one of those greedy bottom feeding investors" out to line her own pockets and screw everybody else, I pray that she and her mother moves into that hovel AFTER she licks the floors clean.