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Started By
Message
Here's one way to lose $200K in a month
Posted on 9/10/22 at 4:38 pm
Posted on 9/10/22 at 4:38 pm
Is this a guy a real estate day trader?
Posted on 9/10/22 at 4:39 pm to rickgrimes
Dude has lost more than 200k. Have to factor in buy and sell fees, taxes and insurance they've been paying, any repairs, costs to move there, etc.
Posted on 9/10/22 at 4:40 pm to rickgrimes
So much for that quick flip...
Posted on 9/10/22 at 4:42 pm to rickgrimes
Seems odd to list it for lower than you paid so soon.
Makes me think he’s trying to set up a bidding war and will only accept an offer over $1.4 million.
Makes me think he’s trying to set up a bidding war and will only accept an offer over $1.4 million.
Posted on 9/10/22 at 4:43 pm to rickgrimes
Maybe he moved the doublewide off and now it is just the lot.
Posted on 9/10/22 at 4:48 pm to rickgrimes
Not saying this is what happened, but I bought a property a few years back for 500k and was able to subdivide it into 3 lots, sold the original property for 450k after some renovation, and built two more for a really good ROI.
Posted on 9/10/22 at 5:02 pm to rickgrimes
I have to believe if you can come up with 1,113,000 you can find another 7k. That must be how you bump a listing to the top of the mls search engine.
Posted on 9/10/22 at 8:24 pm to rickgrimes
He didn’t lose money. He shot his shot.
He never had 1.4 M if nobody was offering to buy it for that.
June was the end of the sellers market and the beginning of the buyers market
He never had 1.4 M if nobody was offering to buy it for that.
June was the end of the sellers market and the beginning of the buyers market
Posted on 9/10/22 at 10:57 pm to rickgrimes
Redfin and opendoor are both selling homes for a loss in Metro Nashville right now.
Posted on 9/11/22 at 7:35 am to rickgrimes
Also a way to turn $1.4M in dirty money into $1.1M of clean money.
Posted on 9/11/22 at 9:26 am to rickgrimes
Do you even rinse money?
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