But even with a deep cut it still took 1.5 month to get in contract. Slow market or something very wrong with the house? It’s a flip and looks like the flipper is gonna be badly hurt?
I don’t understand why this flipper buys houses at market or even a premium price. Their purchase decision is bad. Maybe they only expect to make money from appreciation.
Price diff is almost $500k. Loss close to $500k Flipping is very profitable From 2009 to 2017, is a crazy bull, everybody makes money and think they have found the sure win strategy
I know you guys feel wickedly happy that the flipper lost so much, but it’s like rejoicing the misfortunes of Enron stockholders. People make tons of money usually and this is just an extreme case of mishap. Now go back to your daily bouts of envy…