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Old 03-28-2017, 09:35 PM
 
Location: cleveland
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Old 03-30-2017, 11:46 AM
 
Location: New Mexico via Ohio via Indiana
1,796 posts, read 2,228,125 times
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Quote:
Originally Posted by Kamms View Post
We are in or entering another bubble.

I saw a loan closed in Chicago in January. 2-bedroom loft, deeded parking space, near south side, not South Loop.

$150,000. sales price. Seller closing cost credit and state closing credit left the borrower to bring $150.00 to the closing table. She did have a $1,000. deposit so it cost her a total of $1,150. out of pocket to acquire this property.

On top of that, the property will show that it sold for $150,000.; in reality, it went for under $140,000.

Property flipping is back and anytime you see advertisements and classes on ''how to flip a house'' etc., hold on to your $$.
Agreed.....it's not here yet but 2008 is coming. And that right soon.
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