http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspxIt was bound to happen. An article today at Money.CNN.com highlights the woes of a couple who have made a lot of money on house flipping, and are now stuck with a house that won't move. At MortgageGuide101.com , I've been following house-flipping forenCommunityServer 2.1 SP2 (Build: 61129.2)http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspx#108179Fri, 23 Feb 2007 14:06:19 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:108179Mortgage Guide 101 BlogWant to invest in real estate? What about a nice piece of prairie farm land? Prices are up over 35% in...http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspx#108623Tue, 27 Feb 2007 13:20:06 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:108623Mortgage Guide 101 BlogHave you been offered a home worth $2 million for a paltry $1.5 million? If so, you could have been targeted...http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspx#109264Fri, 02 Mar 2007 04:15:42 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:109264JoeWhat is wrong with interest only loans? &nbsp;If this guy is flipping properties, how much principal can he pay when he is owning the property for the sole purpose of fixing it up and selling in in a few months? &nbsp;Even a Negative-amort loan (pay option arm) would not hurt if you are improving the properties value with upgrades and repairs. &nbsp;No prepay is the more driving factor for this client. http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspx#109319Fri, 02 Mar 2007 11:51:04 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:109319MichaelThe problem with interest only loans is exactly the problem that the guy in the story has -- he can't move the property! He's not necessarily going to get out of it what he put into it. Therefore, he could sell the property and actually still owe money on the home, especially if 100% of the place is financed. It's a risk to be in an interest only loan; you have to know what the risks are and make your moves accordingly. Most people who are in interest only &quot;exotic&quot; loans are not really able to handle the risks they are taking on.http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspx#109330Fri, 02 Mar 2007 13:00:27 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:109330Mortgage Guide 101 BlogIf you haven't caught this online series on the ups and downs (mostly downs) of flipping houses, you...http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspx#111246Sat, 17 Mar 2007 22:08:36 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:111246AGENT BITS I recently read House Flipping Stops Working on the MortgageGuide101 Blog. I have to say that I strongly disagree with his premise. Flipping if done correctly, works in ANY market <br>The author goes on &nbsp;...http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspx#111252Sun, 18 Mar 2007 01:04:07 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:111252MichaelHouse flipping may work in any market for someone who can: 1) find a value home which needs minimal / reasonably priced renovations; 2) do those renovations themselves and/or know good / reasonably priced contractors; 3) has enough money to be able to hold a home if there is a challenge in selling; and, 4) won't sink his or her financial boat with one flip that doesn't work. This does NOT describe the large group of people who want to do house flipping to make big bucks or who are being conned into thinking that it will make money for them &quot;easy&quot;. http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspx#112146Sat, 24 Mar 2007 19:53:31 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:112146Home Mortgages UKI have a friend that is trying to flip one right now and it is coming down to the wire. &nbsp;He didn't want to have to take out a mortgage on it but it looks like he'll have to because the market is slowing down...much harder to sell fast. <br> <br>http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspx#115885Tue, 15 May 2007 07:34:45 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:115885Brad<p>We actually ran into that same problem some time back. Luckily things turned and worked out well for us. Its a risky bus.</p> <p>Brad,</p> <p>Real Estate</p> <p><a rel="nofollow" target="_new" href="http://www.effectlocal.com">http://www.effectlocal.com</a></p>http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspx#115895Tue, 15 May 2007 11:56:10 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:115895Michael<p>I do think flipping houses is a gamble. It can work if: 1) you've evaluated the house well, 2) you are a contractor or tradesperson and general handy person who can do a majority of the work yourself, 3) you can keep your out of pocket expenses to a minimum, 4) you know the housing market in your area and the prices are at least stable, if not rising, and 5) you got the property at a below-market price.</p> <p>&quot;Fippernation&quot; is a great and funny online series about the perils of house-flipping. It's also got a lot of truth in it. It shows how hard it is to make money at this!</p> http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspx#116051Thu, 17 May 2007 12:33:50 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:116051Mortgage Guide 101 Blog<p>Is this your dream? Have you been thinking about paying pennies on the dollar for homes in foreclosure</p> http://www.mortgageguide101.com/blogs/blog/archive/2007/02/14/106857.aspx#149869Sat, 31 May 2008 06:46:54 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:149869guide to flipping a house<p>PingBack from <a rel="nofollow" target="_new" href="http://lucasnewssite.hostingtribe.com/guidetoflippingahouse.html">http://lucasnewssite.hostingtribe.com/guidetoflippingahouse.html</a></p>