It’s not too late to subscribe to Sacramento Area Flippers In Trouble! For only $5, you will receive four complete issues, including El Dorado, Placer, Sacramento, and Yolo Counties. Each issue also comes with a spreadsheet with vital FIT details, including the number of price changes, and latitude-longitude data for each listing which allows for ease of import into mapping applications like
Google Earth.
| County | Count |
| El Dorado | 29 |
| Placer | 126 |
| Sacramento | 458 |
| Yolo | 30 |
| Subscribe |
| Donate | Donate |
| |
Sample Listing
8755 Brookdale Cir
Granite Bay, CA 95746 | | Total Loss: $265,000 | Percent Loss: 19.8% | Asking Price: $1,075,000
Bedrooms:6 Baths: 4 Sq. feet:4477Asking Price Changes:
Down 23.2% from $1,400,000 On 08-19
Down 17.3% from $1,300,000 On 10-28
Down 14.0% from $1,250,000 On 11-11
Previous Sales:
Sold on 2005-11-23 for $1,340,000
MLS# 60092196 Google Maps |
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6 comments :
Max, I received my subscription via e-mail today with the FITs listings. It is very nicely done and quite a bargain at one year for fifty dollars. I see there is a second flipper just listed in my neighborhood, with a listing price at $95,000 less than he paid 6 months ago. I walked over to the open house this afternoon and was the only one to show up the whole day! Hmmm. I'll keep my eye on this one. In another 6 months, it will be worth paying about $350,000 as a rental, provided a 5% ROI is adequate (currently listed at $540,000). I wonder if we will get there?
It appears there is a 3% increase in FITs this week, a 10% increase last week, and a 5% increase the week before. The trend implies the FIT rolls are growing at a compounded rate of 300% annually. In 4 more months, will there be 1200 FITs on these rolls? That would seem impossible, as nearly 10% of the listings will be asking less than their acquisition prices? And don't forget the true number of FITs is probably doubled, since you do not include commissions, selling and carrying costs indetermining losses. Absolutely amazing. Ouch.
Why would I cough up $50.00 for information that's freely obtainable on the net? fuck you! what are you supplementing your social security disability now? LOSER....
If it's free somewhere else, than by all means, don't subscribe. Last time I checked, this was still a free country.
No need for the harsh language, though.
Curious as to the effect the US housing slump might have on the UK market. Shan't be subscribing though.
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