patrick.net

bmwman91 says

Sadly, the RE "professionals" and their slimy business pals all get access to reasonably priced listings well before end-buyers do, so they take many of them, slap some makeup on them & list them at a heinous mark-up

Most Americans are sheepish. Most folks still pay the still excessive price thinking just get it before it goes up more. It is these people who are paying are at fault. They should pay the flipper price as long as renting the same place vs owning after deductions makes sense,for e.g per patrick's calculator. As long as they see an RE as an investment,this problem will not go away.

bubblesitter says

Most Americans are sheepish. Most folks still pay the still excessive price thinking just get it before it goes up more. It is these people who are paying are at fault. They should pay the flipper price as long as renting the same place vs owning after deductions makes sense,for e.g per patrick's calculator. As long as they see an RE as an investment,this problem will not go away.

I agree. Flippers wouldn't flip unless there was a market for it. There's a market for it alright, so they keep on going. It has a lot of parallels with illegal narcotics, interestingly. You can try all you want to take down the suppliers, but so long as there is demand & cash to be exchanged, someone will be willing to be a supplier.

Thats the case. However is there one set of rules for one group and another set of rules for another group in this? If thats the case then how can you take it seriously?

Don't flip. Whats a flip. It's word. Could mean turning a house fast for a quick catch. Could mean and illegal bumper transaction. I'm not stupid. I act responsibly towards my lenders. As I have said before do the work dude. Get the house at the right price insteading slobbering beer down you t -shirt and watching CNN all night long. See. If I get it at the right price there is no JAKING the deal. Noobs do that sometimes because they have some kind of jerkwater business plan to get rich in 2 years. They stay with it alright even if it means breaking the law. Don't give in to a noob or slick people its not worth wasting your time on the stupid.

Any reasonable person should be able to spot a flipped house based on previous sales data available online. Also, I think it comes down to educating yourself on housing in order to avoid the shoddy-remodel, make-a-quick-buck crowd. These people will not go away...they are just looking for the next sucker who is impressed by granite counters and stainless appliances lol.

PockyClipsNow says

he only special hidden deals you wont see are pocket listings and those are rare and you have to work or be lucky to find them like any 'sweetheart deal'.

It's not as rare as many people think. I have pointed out a realtor in one of my posts here that has done this at least 4-5 times -- lowball-purchased a house (perhaps from a client) and then flipped it fairly quickly for market value with some minor cleanups. I have seen other realtors do the same.