Sunday, July 1, 2007

4630 Pyramid Circle, Another Flipper In Trouble

Our flipper picked this huge house(3,900sf plus basement) up 05/13/2005 $435,000.
They listed it 08/12/2006 $560,000.
12 revisions later we are down to $490,000.
at this point it is a negative $10,000 assuming 6% Realtor fee, $2,800/mth mtg, $316/mth taxes($3,800/year! OUCH) and $50/mth HOA fee.

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