Skip to main content

Beware of Shady Flipping Practices

According to an article in the Baltimore Sun, flipping real estate for profit has a pretty bad reputation in Baltimore. For those of you thinking to get into the business of flipping real estate, read as much as you can about these types of behaviors and avoid them at all costs! Learn from other peoples mistakes.

The problem stems from properties sold for huge profits within a day, which is an indicator to a problem. Fraudulent documentation is one issue cited by the article, in addition to flopping which is when a property is devalued then resold at a higher price. This can show a fake profit. Beware of scams like these, and read the article to learn more!
Labels:

Popular posts from this blog

Flipping Willie Horton

In politics, flipping is everything. No, not flipping as in changing sides, but flipping information or ideas, profiting not from their sale, but their acceptance. Willie Horton is again in the news, why? Well, put simply, the holiday political season has begun, and it ain't snow thats raining down. In 1988, Willie Horton was used to dessimate the Michael Dukakis campaign , you can't easily buy that sort of ammunition. What matters is not necessarily the facts, but how you flip the story and sell it to the viewers.
Read more

Appalachian State Football and Real Estate?

So what does Appalachian State have to do with Real Estate? Well, I was researching real estate in NC and got sidetracked with the news that Appalachian State beat Michigan 34-32. Talk about short attention span. Needless to say, in my Google searching, I came across Michael Bradford's Real Estate Blog . Funny how when looking for one thing you often find something completely different. Michael has some really good advice for those looking to flip, and has some examples of his recent flipping.
Read more

Don't just flip and run, reflection is the key to balance

"Reflection balances experience, it allows us to process our sensory data and file it away and make sense of the world." In Mind Like Water: Keeping Your Balance in a Chaotic World , Jim Ballard talks about meditation, reflection, and thinking in a mind like water state. I bought this some time ago and have been reading it slowly. It's definately a find at your local library, or used via ebay or Amazon .
Read more