Flipping

2 E Longden Ave. Arcadia, CA 91006 Price: $799,000 ($519/sf) Beds: 3 Baths: 2 Sq. Ft.: 1,539 Lot Size: 8,370 Sq. Ft. During a normal housing market, rundown properties could be bought for cheap and flipped for a premium after proper rennovations. When we’re in a frenzy bubble era, “flipping” usually meant buying a home and putting it back in the market [...]

The obvious benefit and sought after benefit of flipping real estate is the profit. This is one incredibly tangible benefit, particularly when the profits are large and quick to come your way. Of course there are risks. Most ventures that offer high profit also come with a high degree of risk. Money, however, is not [...]

Answer: They both are! It depends on many things: Your specific real estate investment strategy. Your current real estate market. Your desire to be involved actively in the real estate investment and to what degree. Your real estate and business partnerships. And many, many more factors! We work with real estate investors of all sorts. Each has his/her own goals and strategies in the real e

Heidi Montag takes a brake we need some new staged bikini poser!An actually, this poser is an old one... The 44 year-old Marla is best (and only) known for her marriage with Donald Trump.But, no matter how fake these photos are, you gotta admit she's looking hot for that age!

I've had my cloak drycleaned, I've centered my chakras, darn it I've even rinsed my mooncup! I'm off to Stonehenge to reconnect with the earth and meet some real wierdoes, wish me luck blogosphere, I'm going to bloody need it!

Season 2 of Bravo’s hit series “Flipping Out” returned last night with everyone’s favorite obsessive-compulsive house-flipper, Jeff Lewis. He’s a character for sure, but you’ve got to respect his abilities! As some of you know, I’ve been flipping houses (foreclosures, estate sales, short sales, etc) for the last 2-3 years. The real estate market [...]

You guys! How the hell have I not commented on the return of Flipping Out tonight?! It’s almost wrong just how excited I am about it. How I’ve missed crazy Jeff Lewis and his idiosyncratic ways! I know almost nothing about this new season. Only what I’ve gleaned from the promos I’ve seen during Work Out and [...]

Posted from: Real Estate Investing Tips FHA Suspends Flipping Rule? Not So Fast, Sparky… Did you hear about the new FHA waiver suspending the 90-day no-flip rule? I first caught wind of it Friday through a forum post, then again on Cory’s blog and on CNN. The CNN article says… “The Bush administration is temporarily suspending a 5-year-old rule intended [...]

When it comes to loans, there's hardly any problem more difficult to handle than bad credit. The implication of bad credit is that your personal credit history is decisive in availing a personal loan. Bad credit defines you as a high-risk borrower and as likely to default in loan repayment. This may seem unfair, but bad credit Personal Loans can bail you out of this situation.Why Bad Credit Person

FHA Has Waived Flipping Rules! In an attempt to help lenders speed the process of getting real estate-owned properties off their books, the Federal Housing Administration will temporarily lift a 90-day waiting period for property resales financed by FHA-guaranteed loans....

Two weeks ago I purchased an item listed on Craigslist that I was pretty sure I wouldn’t use.  I was sure that I could resell the item for about 3-4x the purchase price.   I wasn’t looking for a flip opportunity; I just happened across it.  There it was: a great deal.  It was so great, in fact, I didn’t haggle with the seller.  I [...]

Today I present to you a product of one of our supporters, the Flipping Book. This Flash component is a great choice for publishing online documentation, and enables an interactive and fun experience for the user. After test it I can say you that the major point of this cool Flash [...]

Did that Walk for Life on Sunday with Don, Helene, Emma, Oli D and the family (incidentally, it’s not too late to sponsor me, please). Quite a leisurely jaunt around toon. Came across this dude at the Southbank practising his parkour moves. Cool as you like. I can also do things like that, only much much [...]

Now the NBA is supposedly going to fine "floppers" next year. You know, the people who when an opposing player runs into them go flying like they have been hit in a Jackie Chan movie. Great, so who is going to determine what is a flop and what isn't. Just what is needed, another judgment call. Now the NBA is going to attempt to apply the laws of physics to determine whether a flop was a flop.Flopp

The designer behind this endearing gadget must live in Los Angeles, because every single commuter in this fair city has suffered that moment when you need to express yourself to that bastard driver that just cut you off. The Drivemocion, features 5 different emotions each with a 5 phase animation to candidly express your feelings. [...]

Okay, you know the drill: purchase a house below the current market rate, make some repairs and improvements to it, and then turn around and sell [flip] the house to generate big profits.While the concept of flipping houses is nice, the reality is that so much more is involved in flipping real estate. Without the proper knowledge on how the process works, you could end up being saddled with a hous

Yesterday I received an email from a college student just finishing his freshman year at Dartmouth. I hadn’t heard from Alex Martinian in two years, since the spring of 2006 when he was a high school junior and I met with him in preparation for his applying to college in the fall. The email was so thrilling to me that I asked Alex’s permission to use it for my blog. He graciously s

“While his friends scramble for jobs flipping burgers or bagging groceries this summer …” These opening words of the May 16th Wall Street Journal article “My Virtual Summer Job” by Alexandra Alter caught my attention even though, at 8 a.m. this morning at the car wash and with no decaf coffee (I don’t drink caffeinated), in hand I was barely awake.The article goes on to describe how t

This lovely painting is by Pierre Auguste Renoir and is called “Near the Lake.” It was done in 1879/80 and is from the Art Institute of Chicago. It’s a rather gloomy Tuesday, with the sun long gone it seems. It did peek out a bit earlier this morning, but that it appears is all we are likely [...]

House Flipping - Getting Started With ReferralsBy Todd A Smith It seems that you everywhere you turn these days, there is so much hype and buzz about flipping houses. You can’t even flip through your TV channels without encountering a show telling you to “Flip This House”, or “Flip That House”. To someone who is just [...]

The wholesale business has a great deal of profit potential. Provided that you buy wholesale products that people want, and you make sure to buy them at the right price, you can make plenty of money.Image Credit:Monika-RudzinskiThanks to the Internet you can easily view the wholesale products of thousands of wholesale sellers. You can quickly compare prices, brands, and product selection. Even better, you can ask your customers what products they are interested in, and then only buy those products that they want. Once you find the wholesale products that you decide to sell, you need to know how to sell them.Sell Them on E-AuctionSell on eBay. There are millions of shoppers on eBay looking for an alternative to the high prices they are used to. These eBay shoppers want the convenience of bu

I’m always shocked when I clean our bathrooms thoroughly (not often enough, but that’s another story) and see the mung that lives in the bottom of the toothbrush holders. That’s some serious grossness. With everything I do to keep my family safe from harm, I’m letting them put that crap near their mouths? I’m [...]

Joseph is up in his room right now throwing a yelling, crying, kicking temper tantrum because Elle looked at once of his books. He's yelling things like "This proves it! I knew they never loved me!" and "Why did I even make her a mother's day present?!?" He came by the nickname Drama Joe honestly.To remind myself that he's not always a whirling dervish of emotion and angst I'll tell you a cute little story. Today when Joseph came out of school to be picked up I could see he was clutching something tightly in his hands. When he got to the car I opened up the door for him and he handed me what he had been holding: a little plastic container with 4 tiny plants growing in it. "Mommy!" he said breathlessly "I planted these at school! Now we can save money on groceries because I'm growing my own

Joseph is up in his room right now throwing a yelling, crying, kicking temper tantrum because Elle looked at once of his books. He's yelling things like "This proves it! I knew they never loved me!" and "Why did I even make her a mother's day present?!?" He came by the nickname Drama Joe honestly.To remind myself that he's not always a whirling dervish of emotion and angst I'll tell you a cute lit

House flipping has officially gone out of style. It is no longer the subject of cocktail party discussions and the dreams of underpaid desk jockeys. Many investors are stuck with pre-sale properties and remodels they purchased at the height of the market which they can no longer sell for what they owe. Some are trying to avoid foreclosure through short sales. Others have added significant overhead to their personal expenses to carry properties indefinitely.Are there lessons to be learned from the real estate downturn and house flipping? Absolutely. Even before the bull market in real estate there were fundamentals that made house flipping risky. Here are five reasons why house flipping shouldn’t make a mainstream comeback anytime soon:1) Transaction costsWhen homes are bought and sold, t

I don’t know about you but I’m tired of bashing Twitter every time they experience a problem with performance. I’m just as guilty as the next guy when it comes to bad-mouthing Twitter whenever they have a glitch. I vow right here and now to never complain about them again. Why the change of attitude [...]

For the fortune realtors, investing in real estate for flipping the property can be a cake walk. An Expertise flipper knows how to invest in the property. The investment is based on the current market value of the property. The property is bought at a very low price than the market value due to some [...]

SELLER: Ricky MartinLOCATION: Ocean Boulevard, Golden Beach, FLPRICE: $22,500,000SIZE: 9,882 square feet, 5 bedrooms, 7 bathroomsDESCRIPTION: 2 Story Mediterranean estate in one of Florida's most exclusive private oceanfront communities, 24 hour security patrol in community and beach!!! Making it a desirable location for celebrities and int'l homeowners. Your own private 108 FT beach modern comfort throughout. New gourmet kitchen with morning room, Top of the line finishes. Formal dining plus open living area. Master suite with his and her bath, walk-in closets, terrace and stunning open views.YOUR MAMAS NOTES: Hot-cha-cha singer Ricky Martin has really been on a real estate roll the last couple of years. In the Spring of 2006 Mister Hard and Smooth Body unloaded a fully renovated 9,202 sq

There is one kind of web property flipping type that people hardly talk about on the Net. I call the one who do it a flipper-developer - simple, he/she buy an ailing, undervalued, potential websites, ‘renovate’ them, and sell them on a higher price tag. Just like the ol’ real estate guy that buy ugly [...]

You Never Use Your Own Money To Purchase The Mobile Homes. Deposite The Buyers Cashiers Check Into Your Account. Then 24 Hours Later Fedex Your Cashiers Check To The Bank To Purchase The Home. The Specialized Report Explains The Details. (brilliant.

No Experience, No Problem! Don’t worry if you have no construction or maintenance background, you can still buy and sell houses without having to do any major repairs yourself which allows you to make good money quickly in the real estate market. No experience, no problem. To understand what risks an investor takes, let me first explain [...]

To all my investor friends:  This is an interesting loan program that I came across this morning.  Call me for more information.  Here are the basics:PROGRAM HIGHLIGHTSGUARANTEE: Personal guarantee required; close in name of business entity.QUICK FUNDING: Once a borrower has been approved, funding of individual transactions is typically in two weeks. No borrower re-qualification is required for subsequent transactions.PROPERTY TYPE: Residential 1 - 4 Family, non-owner occupied . Small apartment and condo conversions on a case-by-case basis.LIEN POSITION: First mortgage only.RENOVATION FUNDS: 100% of renovation funds are typically advanced in 1 to 4 draws. Once inspector certifies work is done, funds are wired within 24 hours directly to the investor's account.  No p

If you want one of the best ways to get your web presence, I highly recommend Squidoo, is FREE and you can ad powerful marketing tools such as YouTube, audio, RSS feeds, opt-in forms and so many more great tools for niche marketing. You can set up your own lenses Bum Marketing mini-sites in 5 [...]

Tab Effect is a Mozilla Firefox add-on, which adds a 3D cube rotation effect when you flip or change the Tabs. This extension uses DirectX 8 to create the 3D Cube rotation effect while switching the tabs. This add-on is good to impress your friends. But Not that much important for a geek as it slows down your browsing speed. I used it for a while and got bored then removed it. Download Tab Effect Related: OpenDownload: Run Downloads in Firefox Instead of Saving Them Now use Google Earth to Browse Latest News Geographically The Redesigned Mozilla Add-ons website is now Live! Voyage - Get an experience of 3D RSS Reader online IE7 Pro - Add Firefox features to Internet Explorer

I was recently asked by a family member if the House Flipping Real Estate TV shows are what it’s like in Real Life Real Estate. My answer is that Real Estate TV shows are as real to Real Estate as Soap Opera relationships are as real to marriages. So, while there are certainly some truths to things that you see, you [...]

I have always tried to follow the example set by my parents in taking responsibility for my actions. This is something that most successful people do as a matter of fact. In 2001, John G. Miller published a book called, “QBQ! The Question Behind the Question,” in which he talks about personal responsibility in work [...]

14 Mar 2008 - Dear loyal subjects, The Prince will be on vacation for the next 9 days in Puerto Vallarta, Mexico.  The Prince will be occasionally checking his blackberry.  A few posts have been loaded for delayed posting so still stay tuned this week.  -The Prince

Know Thy Flippers Have you listened to the discussions of professional scuba divers? They talk a lot about fins and propulsion. If you are wondering what it is all about, this piece will help you decode some of the scuba jargon your friends are spewing out like jets of steam. Most likely, you have heard about the scuba flippers, straps, and designs, which are their favorite conversation pieces. The scuba flippers of your childhood has mutated into a more sophisticated device. Continuous research has contributed to the newer, better scuba flippers your friends are raving about. However, they will have comparisons – these reflect their different needs and diving styles. Different Strokes for Different Fins There are two variants of the scuba flippers. The full foot fins which you use with

When it comes to real estate investing, many people are making money right now by flipping properties. Sure, today's market is not the greatest at this point in time, but despite of home prices that are falling and the housing boom that is now over in some areas, this is a prime time for flipping properties. Of course if you plan on getting involved in flipping properties there are many things that you are going to have to take into consideration. While it may sound quite simple, there is quite a bit to learn if you are going to try to be successful at flipping properties, so the following are several tips that will help you with flipping properties in today's market.

This appears to be degenerate perturbation theory.There are two benzene states |a> and |b> with the same unperturbed energyE_0. There is a small perturbation V that connects the states, with A=. Thus, "the easier the flipping back and forth between thetwo states, the higher the coefficient A".This gives a 2X2 matrix |E_0 A | | A E_0|.The perturbed energies are obtained by diagnolizing this matrix,resulting in energies E_1=E_0+A and E_2=E_0-A.Thus, "the higher the coefficient A, the higher the energy separationbetween the two states."

I attended the Real Estate Investors Association of Washington (REIAWA) monthly meeting tonight.  The subject was an update about the flipping law 1843.  Robert Penfield, or Kelly Penfield PLLC, is licensed in Washington and Oregon.  He has expertise in Real Estate litigation, entity formation, and foreclosure litagation. Robert indicated that this law change has given quite a bit more power to the Director of Labor and Industries.  The Director nows has subpeona power (to review business records to determine intent and details of the deals done) and can request search warrants. Robert, Shirley and Fox Henderson, and Sue Schindler (all representing REIAWA) attended a meeting with Pete Schmidt and Sally Elliot (from Dept of Labor and Industries) to discuss this law change.  Pete Schmidt is the Chief of Contactor Compliance.  I did not catch Sally’s title.  Sue had compiled a list of 100’s of questions which they left with L&I for answers.  Pete and Sally indicate

I attended the Real Estate Investors Association of Washington (REIAWA) monthly meeting tonight.  The subject was an update about the flipping law 1843.  Robert Penfield, or Kelly Penfield PLLC, is licensed in Washington and Oregon.  He has expertise in Real Estate litigation, entity formation, and foreclosure litagation. Robert indicated that this law change has given quite [...]

By: Forest Schellenberg Flipping property is rising in popularity as a form of real estate investing. The truth of the matter is that this is one of the more entertaining methods for many investors that are simply 'itching' to get their hands a little dirty. The sweat equity involved in these transactions, while attractive, can also be daunting when skills are inadequate and out and out dangerous in some situations. If you are one of the many around the world who consider the appeal of flipping property with huge dollar signs in your eyes, you should take care to avoid the following things in order to minimize your risks while maximizing your potential for success.1) Do not fail to have a qualified inspection of the property before any money changes hands. If you do not have any idea of the types of work that needs to be done then you cannot possibly make an educated estimate of the costs involved in rehabbing the property. 2) Do not underestimate the budget for repairs on the flip.

By: Forest Schellenberg Television programming and infomercials of all styles will have you believe that flipping houses is a fun and fascinating way to turn a serious profit in real estate. It is just that, though it is also so much more. There is a lot of money that can be made by flipping houses (buying homes in various states of neglect or disrepair, making the repairs, and then selling for a sizeable profit) by the right professionals. However, there is a massive amount of work that is actually involved in the process of making that money.The sheer volume of work, the time consumption, the sleepless nights and days, and the sometimes disgusting chores that must be done in order to get a run down property in sellable conditions is often glossed over on these television shows for various reasons-most of all the reason that the average Joe sitting at home wants to believe that he too can do this kind of work for quick profits and these images are not conducive to that illusion. In ot

Robert Penfield (of Kelley Penfield PLLC) will be speaking at the Real Estate Investors Association monthly meeting on November 12 at the Hyatt in downtown Bellevue.  The meeting starts at 6 pm and you can register here From REIA’s website description of the event: The November REIA Monthly Meeting will focus on changes to Washington State’s Contractor law under SHB 1843 for investors purchasing flips and holds, and serving as lenders, through their entities and through Self Directed IRAs.  This REIA Monthly Meeting follows REIA’s meeting with the Department of Labor and Industries, attended by Bob Penfield for REIA, Sue Schindler, REIA’s Legislative Liasion and REIA Founders Fox and Shirley Henderson, and offers direct opinions from L & I that relates to our Members and Guests.  

Robert Penfield (of Kelley Penfield PLLC) will be speaking at the Real Estate Investors Association monthly meeting on November 12 at the Hyatt in downtown Bellevue.  The meeting starts at 6 pm and you can register here From REIA’s website description of the event: The November REIA Monthly Meeting will focus on changes to Washington State’s Contractor law [...]

Despite the changing real estate market here in Portland, fixers remain very attractive to people interested in flipping homes.Maybe it’s all of the home remodeling shows or the belief there’s a quick buck to be made. Regardless, the business of flipping homes doesn’t appear to be slowing down especially in the inner city.But did you know that you need to have your contractor's license to legally flip a home in Oregon?"Oregon law requires anyone who works for compensation in any construction activity involving improvements to real property to be licensed with the Oregon Construction Contractors Board (CCB). This includes roofing, siding, painting, carpentry, concrete, on-site appliance repair, heating and air conditioning, home inspections, tree service, plumbing, electrical, floor covering, manufactured dwelling installations, land development and most other construction and repair services.”A CCB license is also required for: those who purchase homes with the intent to fix

By: Deon Melchior How to make a house flipping experience a good experience? Let’s imagine a situation and see what the risks are.Flipping a house does not sound like too hard work. At least, this is how it looks on TV. Let’s say that a man, inspired by the television shows, decides to launch himself into a similar business. He is certain that a lot of money is to be made from this. Such television shows that can inspire people in flipping a house include a show named Property Ladder where they present first time home flippers. The show host, Kirsten Kemp, helps the inexperienced flipper to fix up an old house and sell it for a nice profit.For the man that watched this show many times, a conclusion is very clear: people that are doing that are not exactly rocket engineers, so he thinks about doing the same thing. First, he should put down a 10% payment on a home that needs repairs and start immediately.But the man we are talking about first thinks a little about making a list of th

I attended the Real Estate Investors Association of Washington meeting on Monday night.  This meeting was about Landlord / Tenant law presented by Verna Cameron of L/T Services.  The first meeting was, however, dedicated to a discussion about the SR 1843 revision to the contractor law. There were several people who were asked to talk a bit about the law and its effects: Dean Dretske (Me) - I related a story I heard from another realtor (’Steve’) in my office.  Steve was talking with a client (who I will call ‘Bob’ for clarity) about a property that Bob was interested in buying.  Steve thought that Bob might be thinking about flipping / leasing the property and asked Bob it he was aware of the SR 1843 changes in the law.  Bob said that he was very aware because he had been recently visited by a representative from the Department of Labor and Industries - L&I is responsible for enforcing the contractor laws.  This representative visited a worksite of Bo

In the following press release Illinois Governor Rod R. Blagojevich announced that officials from the Illinois Department of Financial and Professional Regulation (IDFPR) have shut down a suburban real estate fraud ring. One Renaissance Place in Palatine was the target of a real estate ‘flipping’ scheme involving 13 units in high-rise building. Of the units under investigation, nine are currently in foreclosure. One individual, Radostina Todorova, acting as real estate broker and engaged at times in loan originator practices, was at the center of the scheme. The case has been referred by IDFPR to federal authorities. Much like the flipping scheme uncovered by the State last May, the units in question were bought and sold multiple times, often at highly inflated prices. The average 2-bedroom unit in the complex sells for about $250,000. The suspect units sold by Todorova averaged $350,000. Additionally, the new owners never moved into some of the units, no assessments we

When beginning to invest in residential property, a big question that will have to be addressed is “Should you let it or fix it up and sell it?” There are advantages and disadvantages associated with each choice. While the best answer depends on many different factors, in many cases there is a long-term advantage to letting the property versus flipping it for a profit. Owning rental property can generate a good level of income if the property is located in the right area. If the property is in a transitional area, one where individuals tend to move within about five years, then a rental property at the right price is a great commodity. In these cases, the investor will have no trouble finding a renter who will be interested in the property. Letting the property can result in a greater profit for the investor over time because the investor is obtaining money from the property each month for a number of years instead of one lump sum payment. The money can quickly add up and t

I attended the Real Estate Association of Puget Sound’s monthly meeting last night.  The meeting featured a panel of attorneys who answered questions from the audience.  There were a variety of questions that got answered - unfortunately, a lot of the issues around SR 1843 (the redefinition of ‘contractor’ that severely limits flipping) remained unclear (see below). The attorneys who donated their time were: Jeff Wells - Bankruptcy Randy Redford - Evictions and landlord defender Rick Gregorek- asset protection and host of KVI radio show on legal issues Chris Benis - legal counsel for Rental Housing Authority Steve Anderson - real estate attorney and long time member of REAPS Each of the attorneys started by talking about an issue of which they thought we should be informed. Jeff Wells talked about using bankruptcy in a strategic way and as a solution for the ‘bump in the night’.  He gave the example of a mortgage with a balloon payment that comes due

R. Alexander Acosta, United States Attorney for the Southern District of Florida announced that a joint federal-state investigation, spearheaded by the Internal Revenue Service and the Broward County Sheriff’s Office, culminated in a 70-count indictment, unsealed today, charging 15 defendants in a wide-ranging mortgage fraud scheme. This scheme yielded 12 fraudulent loans, totaling approximately $8,300,000. According to the Indictment, defendants Henry Quintero-Lopez and Lazaro Villalba orchestrated a scheme through which they located properties for sale in the Southwest Ranches area of Broward county. Quintero-Lopez and Villalba would offer the owners full asking price for the properties, and then inflate the contract purchase price submitted to the lender to allow their companies, New World International and D& H Investments of South Florida, to receive as a “fee” moneys in excess of the true purchase price. To execute their scheme, Quintero-Lopez and Villalba

This may seem extreme, but the legislature in Washington may have passed just such a law!  The Department of Labor and Industries proposed some changes to the section of law that defines ‘contractors’ - this is RCW 18.27.010.  The changed legislation is described as 1843-S.SL.  I heard about this issue at the Flipping seminar that I attended on Thursday (see notes on that seminar).  A lawyer was brought in to discuss the law and the implications of the changes.  He pointed out that the text is very vague on several issues that will make it much harder for property owners (not to mention investors) to stay legal.  One example of this is Section 1, which defines ‘contractor’ and is modified in several ways - including the following: “Contractor” also includes any person, firm, corporation, or other entity covered by this subsection, whether or not registered as required under this chapter or who are otherwise required to be registered or lic

Find out how to flip foreclosures on the Internet for serious profits with Mike Collins — a savvy, leading real estate investor with more than 20 years experience wholesaling properties. During this 90-minute training presentation, Mike will reveal how to become the “middle man” in hundreds of real estate deals. That means you never actually own properties, but receive big commissions when you find the right investors for them! Don’t miss this informative Webinar! Go Here to Find Out More Mike will teach you how to: Find amazing foreclosure deals on the Internet — up to 50% off! Create a money-making real estate business that achieves HUGE profits Build a cost-effective and cutting-edge lead generation machine Generate amazing leads with search engines such Google, Yahoo! and MSN Date: Tuesday, September 25 Time: 9 p.m. ET/6 p.m. PT Register Now

Flipping a house is a quick way the make some good money. It is a way to invest in real estate and make money without managing the property. To flip a house you buy a house below market value and resell it as quick as you can for more than you pay for it. The difference is your profit. This method if done right can bring in a bit of money quite fast. If done wrong can leave you holding the bag. The best thing to do is buy the property with as little or no money coming out of your pocket. If you can buy this property with no money down even better. A loan you should look into is an arm loan, also known as an adjustable rate mortgage. With an arm you can chose just to pay the interest from month to month, but the down side to this is it adds more to the principal when you do this. If you flipping the property paying just the interest can help you if the house takes longer to sell than expected. Another thing to do after buying the property is get the word out that it’s for sale.

Iftikhar Ahmad, 36, Stockton, California, and Manpreet Singh, 24, formerly of Stockton, California, now residing in Sacramento, were indicted by a federal grand jury on multiple counts of mail fraud in connection with a mortgage fraud scheme involving the flipping of multiple properties in the Stockton area.  Ahmad was also charged with multiple counts of money laundering.  Both defendants were previously arrested on a criminal complaint filed in connection with this investigation on …Read More...

By Jeffery ScottFlipping domain names can be a profitable way to make easy money online. The key to flipping domains is to be able to find expiring domain names that buyers would be interested in paying a premium price for.To start flipping domain names, there are three steps you should take. First set up an account at Godaddy to start registering your domain names. I recommend Godaddy because they are very affordable, offer good customer support, and you can transfer a domain name to a buyer just as soon as you register it.Next sign up for a seller account at www.ebay.com. Ebay is the best place to start flipping your domains. There is an active audience of domain buyers who will compete for quality domain names.The next step is to find valuable domains that have expired. There are many paid services available which allow you to register domains as soon as they have dropped, but most of these charge at least $60 to catch a domain for you once it drops. The best free service I have fou

In the following press release from Columbus, OH it was announced that a federal grand jury here has returned a 68-count indictment charging nine people with conspiracy, tax evasion, wire fraud, bank fraud and money laundering for their roles in a mortgage fraud scheme that involved more than 500 pieces of property and more than $25 million in mortgage loans in the central Ohio area between 2003 and 2006. Gregory G. Lockhart, United States Attorney for the Southern District of Ohio, Jose A. Gonzalez, Special Agent in Charge, Internal Revenue Service Criminal Investigation, and J. Mark Batts, Acting Special Agent in Charge, Federal Bureau of Investigation, announced the indictment returned late yesterday. The indictment alleges that the defendants conspired to exaggerate the value of real estate properties in and around Columbus, Ohio, both to lending institutions and to prospective purchasers. The prospective buyers had been recruited largely because of their relative ignorance re

Tonight looks like one of the most interesting episodes of Flipping Out yet–Jeff’s dad, called a con man by his own son, comes to town. I have to say, I like the Bravo reality shows (at least, the non-contested-based ones) that actually get into the nitty-gritty issues. Do you remember that Work Out episode where Jackie and her mother confronted one another about the lesbian issue? Anyway, here’s a preview clip from tonight’s epi, as they celebrate Chris’ birthday. Don’t forget to tune in and watch what happens!!

1.  “It’s not as easy as it looks” – If it were as simple as those 30 minute make-over shows say it is, 10 out of 10 people would be doing it. 2.  “Don’t quit your day job” – After months of research, there isn’t a pool of no money down properties to be had as all the television infomercials lead you to believe. Unless you’re blessed with a trust fund, have a couple hundred thousand just lying around or just won the lottery you will have to borrow money.  You can’t borrow money if you don’t have a job. 3. “There’s no time like the present” - Turn around time means everything.  The faster the real estate sign goes up the faster you get your money back.  4. “Take off the rose colored glasses” – Realize what you’re getting into.  We purchased a fixer-upper wanting to do the work ourselves along with the help of our teenage children as a fun fill

John Donovan of CNNSI has come up with five reasons why the Yankees will make the playoffs. He has also identified five reasons why they won't. The problem is, the first reason on each list contradicts the other. We begin with the "why they will" list:That deep, deep, deeeeeep lineup: No kidding, huh? This is a sickly strong group of hitters, nearly from top to bottom. After Johnny Damon or Melky Cabrera (Yankee leadoff guys have a .354 on-base percentage), the lineup gets especially studly. Derek Jeter, Bobby Abreu, Alex Rodriguez, Hideki Matsui and Jorge Posada. Robinson Cano is hitting .309 and he usually bats seventh or eighth. Jason Giambi's back. It's ridiculous.How good can this juggernaut be? In a two-week span from July 29-Aug. 13, the Yanks went 12-2 and hit .348 with a 1.207 OPS as a team. Yeah, the lineup can go cold, as it did in a 12-0 loss to Baltimore on Tuesday. But with that many good hitters, a lot of them have to go south at once for this team to feel it.No argum

If you have seen any book on flipping real estate, chances are I have read it.  Some of them have a nugget or two of wisdom, but most are crap.  90% of them are irrelevant to investing in high-priced areas, and 95% of them have a vastly different philosophy on how and what to renovate than I personally subscribe (not that the approach is wrong, just not my approach).  The two books I recommend to get a good feel for flipping real estate come from two unexpected sources: 1.) Find it, Fix it, Flip it, by Michael Corbett.  Michael is a day-time soaps star (Young & the Restless, Ryan's Hope, etc. - if you're into that sort of thing).  Believe it or not, this is the best book that I have seen on flipping real estate in high-end markets.  Michael & I share almost identical philosophies on how and what to flip.  This book is less about the nuts and bolts of the business, and more about what you should renovate to maximize value in a flip. 

If you have seen any book on flipping real estate, chances are I have read it.  Some of them have a nugget or two of wisdom, but most are crap.  90% of them are irrelevant to investing in high-priced areas, and 95% of them have a vastly different philosophy on how and what to renovate than I personally subscribe (not that the approach is wrong, just not my approach).  The two books I recommend to get a good feel for flipping real estate come from two unexpected sources: 1.) Find it, Fix it, Flip it, by Michael Corbett.  Michael is a day-time soaps star (Young & the Restless, Ryan's Hope, etc. - if you're into that sort of thing).  Believe it or not, this is the best book that I have seen on flipping real estate in high-end markets.  Michael & I share almost identical philosophies on how and what to flip.  This book is less about the nuts and bolts of the business, and more about what you should renovate to maximize value in a flip. 

Dear Jeff,As I enter your Las Palmas house, my spirit feels the growth of your money; rub some holy water over your dollar bills and the front door handle. Sprinkle the water over potential buyers as they enter your house and embolden them to drop their wallets in the entryway as they pass through.May pruned olive trees sprout branches overnight...... your appointments be kept in the order you arranged them.... your curbs remain red.And may you sell your house before Carey's, or may you learn to lose graciously, or may he find you a paper bag to breathe in when he wins hands down.Love, your new psychic.Candles from Target. Priceless.

Ready for Flipping Out tomorrow? My kitty, Godiva, is still a bit traumatized from last week. When Monkey started yowling, Godiva thought there was another cat in the house. A very mad other cat. She freaked out. We’ll see what kind of craziness Monkey (and pet, Jeff) have this week! Oh, and does everyone here agree that Zoila is the best part of the show? Yeah, I thought so.

Joseph Babajian, 54, West Los Angeles, Kyle Grasso, 36, Santa Monica, Lila Rizk, 40, Trabuco Canyon, and Scott Robinson, 44, Dana Point, all of California, were charged in an 85-page indictment returned by a federal grand jury in Los Angeles, California . According to the indictment, the two real estate agents and two state-licensed real estate appraisers were indicted for allegedly participating in a massive mortgage fraud scam that caused more than …Read More...

There are many ways to earn money online and one of them is through domain name flipping. What’s basically important here is that you can look for effective expired domain names that people are willing to pay for. There are three basic procedures when it comes to domain name flipping. First, you need to select a [...]

This post was first written last year.  Some things have changed since then, and some have not. Property Flipping Google results 2,410,000 for the words 'property flipping ' generated in (0.07 seconds) What is property flipping?Property "flipping" occurs when a property is resold for a considerable profit at an artificially inflated price shortly after being acquired by the seller.  - This is a different definition than the one used by book publishers, television producers and some web sites. Illegal flipping - If it makes me rich quick, how could it be illegal?  What about all those books and web sites about flipping?  Could flipping ever be a bad thing?  Should I be afraid to say FBI on the internet? Flipping far from easy - No way, I have seen the infomercials and read the books, and the web sites, it is easy! Flip your house without losing your shirt - wow!  you mean I could lose something?  Selling books ab

Sharpe James, 71, former Mayor of Newark, New Jersey, was charged in an Indictment for using city-issued credit cards to spend lavishly on himself, eight female companions and others during personal trips and vacations to such places as Martha’s Vineyard, Rio de Janeiro, the Dominican Republic and Puerto Rico. The Indictment also charges James in a second fraud against the citizens of Newark in which he allegedly facilitated and approved the …Read More...

In the following press release New Jersey U.S. Attorney Christopher J. Christie and State Attorney General Anne Milgram announced that former Newark Mayor Sharpe James was charged in an Indictment today with using city-issued credit cards to spend lavishly on himself, eight female companions and others during personal trips and vacations to such places as Martha’s Vineyard, Rio de Janeiro, the Dominican Republic and Puerto Rico,. The Indictment also charges James in a second fraud against the citizens of Newark in which he allegedly facilitated and approved the drastically cut-rate sale of city-owned land to Tamika Riley, one of his companions, who fraudulently reaped hundreds of thousands of dollars from the sales. She too is charged with this fraud in the Indictment. Following the Indictment’s return, James, 71, surrendered voluntarily to Special Agents of the FBI and was scheduled to make an initial appearance in federal court. Riley, 38, was arrested by the FBI and was

A lawsuit alleging that a group of real estate sellers, mortgage brokers, attorneys, and appraisers pursued a fraudulent real estate flipping scheme targeting minority neighborhoods in Brooklyn, New York that was filed by New York State Attorney General Eliot Spitzer was discontinued as against appraiser Erik B. Johnson, Ronkonkoma, New York, of Johnson and Rose Appraisal Services.  The Stipulation of Discontinuance did not reflect the reason the charges were discontinued although …Read More...

Calvin Davis, 47, New Orleans, Louisiana, pled guilty to a three count Bill of Information in United States District Court in connection with an on-going federal investigation into a “house-flipping” scam. As previously reported on Mortgage Fraud Blog, the factual basis filed in court documents describes a “housing flipping” scheme and the role Davis had in that scheme.  Davis admitted in that document that he purchased the properties, obtained fraudulent appraisals …Read More...

The Internal Revenue Services website reports that on April 11, 2007, in Charlotte, NC, Charles M. Gabriel, Jr., was sentenced to 46 months in prison and ordered to pay $278,367 in restitution. Gabriel pleaded guilty in December 2004 to one charge of conspiracy to defraud the United States. According to the Bill of Information, Gabriel created and used entities known as Southern Investment Properties, JW Settlement Services, SB Homes Carolina, DRE Settlement Services and NVG Carolina to induce prospective real property buyers to provide them with credit information in order to purchase real properties. Gabriel and his co-conspirators used a variety of methods to defraud mortgage lenders and real estate investors, including inflating the purchase price purportedly paid by buyers in obtaining mortgage loans in the name of those buyers. As part of this scheme, lenders lost approximately $2.4 million. Click here for the Criminal Information.

In the following press release, Jim Letten, U. S. Attorney for the Eastern District of Louisiana announced that MICHAEL O’KEEFE, JR., age 47, of Poplarville, MS and formerly of New Orleans, has been charged in a five count indictment in connection with an on-going federal investigation into a “house-flipping” scam at Citywide Mortgage.Count One of the indictment charges O’KEEFE, JR. with violation of Title 18, United States Code, Section 371, Conspiracy to Defraud the United States. The range of punishment for this offense is a term up to five years imprisonment, and a fine of $250,000. Count Two charges O’KEEFE, JR. with violation of Title 18, United States Code, Section 1956, Conspiracy to Commit Money Laundering. Counts Three, Four and Five charge O’KEEFE, JR. with Engaging in Monetary Transactions in Property Derived From Specified Unlawful Activity. The range of punishment for Counts Two, Three, Four and Five is 10 years imprisonment per co

In the following press release New York Attorney General Andrew M. Cuomo announced the area’s first major house flipping lawsuit against an investment company that used a Ponzi scheme that increased urban blight in Buffalo neighborhoods. The Attorney General’s suit accuses East Coast Capital (ECC), LLC and others of defrauding unknowing investors through an elaborate Ponzi scheme involving over 50 properties throughout Buffalo. In the scheme, high returns are paid to investors with money paid from other investors instead of actual profits from the real estate venture. ECC duped investors by promising high returns if they invested in distressed real estate by providing mortgages that – also unknown to the investors – grossly exceeded the market value. In a Ponzi scheme, an infinite number of investors are needed to provide the high returns to the other investors. Therefore, Ponzi schemes inevitably “implode,” leaving many investors with significant lo

Michael O’Keefe, Jr., 47, Poplarville, Mississippi, formerly of New Orleans, has been charged in a five count indictment in connection with an on-going federal investigation into a house-flipping scam at Citywide Mortgage. O’Keefe is the son of former Louisiana state Senate President Michael O’Keefe who was convicted in 1999 of conspiracy, mail fraud, wire fraud and money laundering after skimming millions of dollars from a failed medical malpractice insurance company. …Read More...

I’ve been toying with the idea of featuring a web site that I regularly visit once every week. The only problem that I see with this is that I could run out of web sites very quickly. This week, I want to take a look at an interesting web site that posits a non-traditional investing [...]

Richard A. Maize, 53, Beverly Hills, a West Los Angeles, California mortgage banker, was charged by information and agreed to plead guilty to federal criminal charges in a massive mortgage fraud scam that caused more than $18.5 million in losses to banks, including his former employer. Maize, a co-founder of Americorp Funding, a mortgage banking company with offices in West Los Angeles and Pasadena, was charged with …Read More...

Michelle Cochrane aka Michelle Carver, 45, Folsom, Louisiana, pled guilty to a Bill of Information in connection with an on-going federal investigation into a “house-flipping” scam.  The Information charged the defendant with conspiracy to make false statements to obtain HUD Insurance.  According to court documents which describe the roles Calvin Davis and Cochrane had in a housing flipping scheme, Davis is alleged to have purchased the properties …Read More...

I’m still a rich in the making I got long ways to go! Just wish me luck Anyway, Thanks for Derrik for making this Tee and of course, thanks to Mr. Chow. he’s the one who raffled the tee and luckily I was picked. As you can see, the shirt is quite too big for me *LOL* Hope when I win another Tee I get a size medium Thanks again to Derrik and Mr. Chow! ---Related Articles at Make Money Online with a 13-Year Old:What A Jerk! Kelly Felix Bankrupt?5 Things You (Probably) Didn’t Know About BloggingBoredom5 Reasons Why People Don’t Read Your “Make Money Online” Blog (Probably)5 Things Eddie Guerrero Taught Me About BloggingSleek 1 Column Adsense Ready Wordpress ThemeExplode Your Alexa Rankings by Riding on The Alexa Redirect Train!

It appears as though the market has undervalued the potential for two major companies that have been previously featured on Market Matador. Buying opportunities in both of these stocks still exists, and it even looks as though main stream Wall Street may not be getting the stories right. The first company is Chesapeake (CHK), which we’ve featured a couple of times now in some interesting articles. The company has continued to plot along with no real strong buying pressure in the last couple of months. Buying points continue to exist for this very reason and investors should look to initiate positions in the company now, before any heavy run-ups in the stock’s price. Chesapeake is by far the best play in the natural gas sector, and for better and for worse, CHK is heavily levered to the day-to-day trading of free market natural gas. Having run-up slightly since the last recommendation on MarketMatador.com, the stock is a bit more pricey, but still at an incredibly low Price-

Wet T-Shirt ContestI wanted to organize a wet T-Shirt contest but all I had so far was water... So I saw these cute free Flipping Rich T-Shirts and ordered 50. I only received 1 T-Shirt which basically means that my wet T-Shirt contest like fell in the water... Flipping Rich T-Shirt Cute flower at the back: Flipping Rich T-Shirt! This 100% cotton high quality sexy T-Shirt can be yours, all you

Wet T-Shirt ContestI wanted to organize a wet T-Shirt contest but all I had so far was water... So I saw these cute free Flipping Rich T-Shirts and ordered 50. I only received 1 T-Shirt which basically means that my wet T-Shirt contest like fell in the water... Flipping Rich T-Shirt Cute flower at the back: Flipping Rich T-Shirt! This 100% cotton high quality sexy T-Shirt can be yours, all you

If you examine the portfolios of wealthy individuals, you will see that a portion of their holdings include real estate. In many instances it’s the largest part of their portfolios. There’s no question that a sound real estate strategy is an important part of becoming wealthy. Some estimate that more than 90% of all new millionaires achieved that status as a result of their real estate investments. Given those statistics, wouldn’t it make sense to make real estate a priority for you? Absolutely. Real estate flipping has really taken off in the past few years, and novice investors are getting involved in the game now, thanks to shows like Flip This House, Flip That House, and Property Ladder.. These guys generally make it look easier than it really is, but with some work and dedication, you can really make some serious money in this field. Today is the perfect time to get involved in real estate. Many people bought houses with adjustable rate mortgages, and now those rates

Robert Green, 51, Baton Rouge, Louisiana, pled guilty to one count of aiding and abetting a conspiracy to make false statements to obtain HUD insurance.  The charges in the Bill of Information arose from an ongoing federal investigation into a house-flipping scam. The Information alleges that Green and Donald White falsified statements in several real estate appraisals and tax returns.  Green pled guilty to preparing false …Read More...