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Rainmaker
966,216
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

What Gabe Sanders and Jeff Dowler CRS said. ^^^

 

Mar 04, 2016 07:06 AM
Rainer
90,455
Val Evans
Scottsdale, AZ

Here in our neck of the woods the real flippers have already unloaded their inventory. Now it's just a game of musical chairs among the novices.

Mar 04, 2016 05:25 AM
Ambassador
2,079,167
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Yes, many investors have helped clear out the foreclosure inventory and especially those properties that couldn't be financed because of their condition.  

Mar 04, 2016 05:04 AM
Rainmaker
4,799,601
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think that when the articles hit the press about all this home flipping, it's probably a bit too late for the best deals.  Not as good an environment as it was a couple of years ago.  (Though, there are still opportunities, just fewer and more difficult to find.)

Mar 04, 2016 04:11 AM
Ambassador
4,610,153
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

We are seeing less than we did a couple of years ago. With higher prices it's more difficult to find the right home to make the financials work. And there are far fewer REOs and short sales

Mar 04, 2016 03:18 AM
Ambassador
5,469,111
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Sure, and we do it too.

Jun 03, 2019 11:43 PM
Rainmaker
5,003,730
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We saw this mostly a few years ago, and now fading quickly, as flippers are doing it to make a profit, and only way now is to buy the home at the court house.  

Mar 06, 2016 04:04 AM
Rainmaker
4,143,404
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Not as many but still occurring in parts of our market.  

Mar 05, 2016 11:27 PM
Ambassador
3,793,012
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I hear radio ads all the time

Mar 05, 2016 07:32 PM
Rainmaker
1,394,969
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I work primarily with investors, so I'd say it's still going strong out here.

Mar 05, 2016 07:34 AM
Rainmaker
1,992,901
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

not really

Mar 04, 2016 11:27 PM
Rainmaker
1,644,982
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

Not too much here in Florida as sellers know the value of their homes and refuse to give them away just so an investor can reap the profits.

Mar 04, 2016 10:54 PM
Rainmaker
3,070,134
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Always

Mar 04, 2016 10:13 PM
Ambassador
1,585,605
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I'm working with several investors.

Mar 04, 2016 09:16 PM
Rainmaker
4,271,655
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes, happening on a regular basis in the Sarasota Florida area!

Mar 04, 2016 08:21 PM
Rainmaker
2,759,637
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 I am not seeing as many flippers as I used to.

Mar 04, 2016 05:46 PM
Rainmaker
2,456,889
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Peter. Whoever wrote these articles has not clue or can out of Trump University. Unless someone is a very experienced flipper, folks should not get involved.

Mar 04, 2016 04:31 PM
Ambassador
4,314,494
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Peter Mohylsky good for FL for sure.

We do not have so many opportunities in MA - or may be, I don't see them.

Mar 04, 2016 01:43 PM
Rainmaker
2,224,167
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Not so much anymore, but when we had the low end fixer upper bank owned inventory I worked with many investors on the fix and flip. 

Mar 04, 2016 11:08 AM
Rainmaker
2,442,558
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Not really.  It is a Seller's market in our area and the prices are to high to make money on top of rehab.

Mar 04, 2016 10:42 AM
Ambassador
3,986,760
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Oh yes most REOs are being bought by investors that are flipping the properties and that has been the case for the last 6-7 years.

Mar 04, 2016 09:31 AM
Ambassador
2,577,407
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     The foreclosures are being priced at appraised value, minus the cost of repairs.  They are getting multiple offers.  I don't know how any flipper could make a profit on those bank REOS.

     But other clunker junker houses sell quickly.  The Flipper dolls up the house, then asks top dollar.  Anyone with a trained eye can spot the "lipstick on a pig".

Mar 04, 2016 08:55 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Our market is not volitle enough in pricing so it is difficult. That is not stopping the tent revival fix and flip shysters from coming to town to sell you a bill of goods. You too can flip a house and get financing at 12% to 18% interest!

Mar 04, 2016 08:04 AM
Rainmaker
864,358
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Not as much as a couple of years ago. The margin of profit is not as wide as before.

Mar 04, 2016 07:58 AM
Rainmaker
1,158,337
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

 refer to two blogs.

http://actvra.in/4PpB

Mar 04, 2016 07:37 AM
Rainmaker
2,649,348
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Sure and it is always going on...However, everyone is looking for certain and specific returns on their investment

Mar 04, 2016 07:34 AM
Rainmaker
602,269
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Peter,
Our housing in Colorado springs doesn’t lend itself to flipping like properties in my Houston market do.

Mar 04, 2016 06:47 AM
Rainmaker
4,433,753
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

no

Mar 04, 2016 06:34 AM
Rainmaker
1,528,066
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Not in SoCal, there are investors here, but they are vigorously looking for deal in this market when the inventory is low and prices high.

Mar 04, 2016 06:18 AM
Rainmaker
140,568
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

Not much.  If there is a home of value, it is turned into a rental. 

Mar 04, 2016 05:32 AM
Rainmaker
3,985,928
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Most of the houses in my area have been flipped

Mar 04, 2016 04:32 AM
Rainmaker
846,325
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Yes and I am proud to say I helped Florida become #2!

Mar 04, 2016 04:22 AM
Rainmaker
853,645
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I don't see a lot of flipping in this area.

Mar 04, 2016 04:14 AM
Rainmaker
1,731,120
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

No, I think that it has slowed down. Foreclosures are not being priced at rock bottom so investors have gone to auctions & directly to banks to try & get the deals.

Mar 04, 2016 03:51 AM
Rainmaker
894,317
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

You bet! Lots of flips.

The good ones profit $50,000.

The bad ones profit more.

The all use the same formula and that formula is shared in the articles that appear on a weekly basis.

Mar 04, 2016 03:23 AM
Rainmaker
4,095,121
Richard Weeks
Dallas, TX
REALTOR®, Broker

The great deals are gone; however there are still some good deals in our market.

Mar 04, 2016 03:20 AM
Rainmaker
1,411,824
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

We have had two seminars recently for the less informed to learn how to flip.

As to pricing it is becoming less viable here.

Mar 04, 2016 03:14 AM
Rainmaker
634,332
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

No, we haven't seen flipping much since the depth of the recession. Toward the end it was only the stripped foreclosures that were worth flipping here. But once in awhile an old or poorly maintained home shows up and the flippers pounce. 

Mar 04, 2016 02:32 AM