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Friday, September 28, 2007 6:36 AM

Will the last flipper please close the door on the way out of the building

Back in May, I wrote about a home apparently bought by a flipper but destined to flop in Mount Pleasant. Click here for the original story . Purchased for $650,000 and put on the market with no indicated improvements at $699,900 which was 7.7% higher
Posted by Howard Arnoff | 0 Comments
Wednesday, June 20, 2007 2:02 PM

Flop, a Charleston South Carolina real estate story of flipping for fun and profit or was it a loss?

Many of you will remember the story, a tale of flipping real estate that likely will result in a flop. The Charleston South Carolina real estate market is fine despite the current housing slowdown. However, the objective should be buying smart and selling
Posted by Howard Arnoff | 0 Comments
Friday, May 18, 2007 6:57 PM

Are they still flipping or flopping in Charleston South Carolina real estate?

What are people thinking when they purchase a house and 45 days later with no indicated improvements put it on the market for sale for 7.7% more than they paid? Is this another flip ready to flop in the Charleston South Carolina real estate market or
Posted by Howard Arnoff | 17 Comments
Monday, April 30, 2007 6:57 PM

Flip, flop, part 3

I wrote about this house a few months ago and here is the latest update on this flop. As was pointed out to me earlier today (hat tip to Mike Farmer from Savannah GA), Flipper was a smart dolphin who did smart helpful things. The seller of this house
Posted by Howard Arnoff | 2 Comments
Monday, March 19, 2007 11:27 AM

Charleston real estate today...still flipping

I wrote a post about flipping houses in today's Charleston real estate market a few months ago and after viewing a different attempt at a flip this past weekend, I thought it would be timely to review the outcome of the first and talk a little about
Posted by Howard Arnoff | 2 Comments
Wednesday, March 14, 2007 1:04 PM

Mortgage madness

It's March and we should be celebrating March madness and college basketball, not the mortgage madness gripping the media with the implosion of the subprime lenders and the impending foreclosures of those who cannot and may not make their mortgage
Posted by Howard Arnoff | 0 Comments
Saturday, February 10, 2007 7:00 AM

Flip flop

In November I wrote about a flip listing poised for a flop. See this post . Update, it has been reduced again and is now down to $315,900 and breakeven at best can now be expected. I can think of better things to do with money than break even especially
Posted by Howard Arnoff | 0 Comments
Monday, November 27, 2006 2:43 PM

Flipping in today's real estate market

I just saw this house go up for sale in my neighborhood, it is the former model (very nice) that the builder just sold for $295,000 is right back on the market for $329,900. Now I really don't know how anyone plans to make money on this deal but someone
Posted by Howard Arnoff | 4 Comments