This is MY story and I am stickin' to it

BlownAway60
BlownAway60 Member Posts: 851
in Breast Cancer #1

Well I thought my husband and I were going to start a new career as flippers. You know those people who buy forclosuers and renovate them and then sell them for lots of money. Well I found a house that was going to be auctioned off. Someone had gone in after the owners had moved out and pulled all of the copper out. I mean there was no electric or plumbing left and there were really big holes in the walls. I thought wow that would really give my bored husband something to do. So I bid $4000. I thought in the condition that it was in, it could not be worth more than that. Wrong That sucker auctioned off for $240,100.00 dollars. Well I guess my flippen days are over.

Hugs

Donna

Comments

  • ladyg
    ladyg Member Posts: 1,577
    #2
    Seriously?

    Is it sitting on a gold mine or something? .....lol

    Hugs,

    Georgia

  • coco2008
    coco2008 Member Posts: 418
    #3
    ladyg said:

    Seriously?

    Is it sitting on a gold mine or something? .....lol

    Hugs,

    Georgia

    That's flippen crazy.
     

    That's flippen crazy.

     

  • SIROD
    SIROD Member Posts: 2,194 Member
    #4
    $$$$$$ to burn

    Someone had some $$$$$$.$$ to burn.  Who would have guess a run down house would sell for that amount of money.

    Doris

  • jendrey
    jendrey Member Posts: 377
    #5
    SIROD said:

    $$$$$$ to burn

    Someone had some $$$$$$.$$ to burn.  Who would have guess a run down house would sell for that amount of money.

    Doris

    ...

    Seems a lot of corporations are buying up ANY property for sale.  It was very difficult for my stepson to buy a house due to competing bids from hidden buyers in several houses.  The people selling the house he did get were also veterans and had a soft spot for a newly married returning vet so picked him to sell their house to even though they did have some higher offers.

  • McMarty
    McMarty Member Posts: 212 Member
    #6
    Oh my gosh!  I hope they

    Oh my gosh!  I hope they enjoy that thing! YIKES! 

     

  • RozHopkins
    RozHopkins Member Posts: 578 Member
    #7
    We have though of doing that

    We have though of doing that also.  A real eye opener, never know which way these things will go.  My daughter moved into a flipped house.  They started out well, then the market plummeted in Phoenix, as you will know.  The end finishes were not good at all but we did get a nice house in a nice neighborhood with a fantastic pool and back yard being the best feature.  I would love to try flipping.

  • VickiSam
    VickiSam Member Posts: 9,079 Member
    #8
    RozHopkins said:

    We have though of doing that

    We have though of doing that also.  A real eye opener, never know which way these things will go.  My daughter moved into a flipped house.  They started out well, then the market plummeted in Phoenix, as you will know.  The end finishes were not good at all but we did get a nice house in a nice neighborhood with a fantastic pool and back yard being the best feature.  I would love to try flipping.

    Donna --

    Great idea, and adventure - for you, and hubby.  Amazing how investors are sup destressed properties and flippin them.  My hubby has me hooked a HGTV show that chronciles this process -- the only thing we say over and over,  gotta have contacts, workers and resources ..  otherwise, it would take years to completely refurnish.

     

    Vicki Sam

  • sea60
    sea60 Member Posts: 2,613
    #9
    Was this in California?

    I saw one on TV this past week (in Cali) that went for close to that...and it wasn't even in good shape.

     

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