Saturday, September 11, 2010

Real Estate Flippers

There was an article in the Sunday Telegram a couple Sundays ago.  I can not link in since I have yet figured out how to access the on-line edition myself.   The story detailed a mortgage scheme which I have explained many times on this blog.  It works like this:
You find a property and buy it
You sell it right away at an inflated price
Lets take an example where you buy for $125K and turn and

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