Curbed put together this great collage of flipper books that are only ABOUT to hit the market next year. Man, even Casey isn't dumb enough to buy one of these!
I think bookstores should put warning stickers on these books - "WARNING - you may be too stupid to drive home - let us call you a cab"
Yup, timing is everything folks.
December 11, 2006
2007 books on the way targeted at the VERY last sucker in. Or OJ jurors. Or the single dumbest person in the world.
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24 comments:
"WARNING - you may be to stupid to drive home - let us call you a cab"
Keith thats great!LMAO!
are these in the Dow 36,000 section?
Lets just be clear that there are two types of flipping/flippers because its been around for years. I know people who do it for a living and they hate the modern flipping trend. Old school flippers prowl sheriff sale lists, find good properties in at least OK neighborhoods that are a bit run down but can be reconditioned in their spare time & resold. They add value to a home, they do the work themselves to save on labor and they are not in it for a quick buck.
Modern flippers just buy new builds and try ti immediately resell them to get the spread b/t "developer pricing" and market pricing. These guys are on the way out because developers have caught on & now price at/near and now above market price. Some other modern flippers buy older properties for reconditioning & resale but they contract it all out & take a huge mark-up on the property that is out of wack with the improvements made. They also go for the quick resale.
Improvements rarely give you a profit, namely due to labor costs. Old school flippers are basically getting paid for their labor when they resell.
agree w/ the 'old school flipper' post above. Know a few that do it for a living.
Is that 'flipping for dummies' for real or just a joke???
talk about a sign that the market has jumped the shark (i.e is done)...... jeeeeeezzzzzzzz
I feel for the publishing companies that gave advances, paid editors and shelled out for printing. We should be burning these this winter to curb our oil consumption. If this doesn't sound the death knell for amateur flipping I don't know what does.
"Find It, Fix It, Flip It" is already out. Pretty smart book and does cover what you spend your money on in great detail. Including things like NOT expectting the market to go up constantly and paying close attention to the bottom line.
The actual process of taking a blighted property and repairing it is spelled out to be a major project. Though broken down into manageable chapter chunks.
When's the Housing Panic book out?
More old stuff...
Barry Ritholtz had this up first...
Have a look at this link - it is hilarious
http://www.washingtonpost.com/wp-dyn/content/article/2006/12/08/AR2006120801682.html
Sorry, here is the whole link from piece in Sunday's Wash Post: "The Unreal Estate Market and Me"
http://www.washingtonpost.com/wp-dyn/content/
article/2006/12/08/AR2006120801682.html
"I feel for the publishing companies that gave advances, paid editors and shelled out for printing."
Maybe they will still be popular, failed flippers will be looking for new tricks.
There are always profits to be made rehabbing properties. All properties will sell at some price. Knowing market value in a declining value market takes experience and market savvy but buy low sell higher always works.
flipping used to mean buying a house that needed some rehab and getting a good deal because of it.
now it seems like flipping is(or was) buying a new house in a new development, doing nothing and trying to sell it for 20% more in a year or two.
Casey Serin, as presented on his website, is probably the stupidest person alive. He'll buy anything if it holds out a glimmer of chance that he can rich doing nothing.
"Flipping Houses for Dummies"... LMAO
Does anyone know the rusults of this auction?
J.P. King Auction Co.'s plan to sell 100 Hamptons condo units Dec. 9 at the Grand Hyatt Tampa Bay hotel
Detachable Cletus said...
Whats the deal with that "Unofficial" guide to flipping book?
Why can't it be official?
Monday, December 11, 2006 3:13:21 PM
To avoid lawsuits, I think....
You are all kidding, right? I'mean wadda you smoke? Real estate goes one direction and one direction only. It ONLY goes up! These books are fakes.
Let's see, I pay $560,000 and the Realater says it will go up like 20% a year, mon. So, like in 10 years it will be worth $4,000,000 and in 20 years $29,500,000.
Whoa, dude, what are you gonna hafta be making to but this, like, 980 square foor 2 br 1ba 1 bought in Berkeley. Whoa
"Flipping Houses for Dummies" - I think the 'for dummies' part is redundant.
Kirsten Kemp is so smoking hot I would buy anything from her, even if it was only her soiled panties reaking of her womanhood and once in contact with her lovely snatch. I would pay top dollar for that.
When is the Dow going to go to 40000?
all that profit on borrowed money, while the saver, who put the money in the bank, that loaned the money out, lost purchase power to inflation with a return that averaged less than 4% a year since year 2000, his interest rate by demand will require what percentage?, to break even, or perhaps bernanke, will just print more, to loan out, and the prices will go higher and higher, and the saver wont put the money in that bank, if he put money enough, to buy a house, in the bank, and now the house, is how much higher?
it was confiscatable gold again, in a neo communist country?
Hah! I love watching that tv show with Kirsten Kemp - Property Ladder. So joyful to watch absolute tools lose money and bumble through attempted flips. One kid ended up having to quit his job. Pure gold!
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