Quick Flip Turns Into a Teardown: A Lesson in Real Estate Investing
Looking for a good laugh? Well, here’s a cautionary tale for all the aspiring real estate investors out there. Imagine trying to make a quick profit in a volatile market, only to end up with a property that needs to be torn down. Ouch!
The hilarious flip flop incident was shared on Twitter by Julia Longpre (@juliamarblefaun), who couldn’t help but poke fun at the situation. She used the hashtags #FlipFlop and #BagHolder to emphasize the irony of the situation.
But that’s not all. In another twist, the same property owner is now attempting to sell $10 million worth of condos. One is priced a million dollars below its assessed value, while the other is priced close to it.
It’s safe to say that the owner is facing some tough luck in the real estate market. Our condolences go out to them. #VanRE
For more details, check out the tweet by Julia Longpre here.
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Source : @juliamarblefaun
Need a laugh??
Trying a quick flip in this market when you did nothing and its a teardown. #FlipFlop #BagHolder
Next, same owner trying to sell $10 million in condos, one priced a million under assessed, other one, close.
Condolences to both. #VanRE pic.twitter.com/5yypvf9yd0— Julia Longpre (@juliamarblefaun) November 16, 2023