Coffeeville Lake Topics: Flippers
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Name:   John C The author of this post is registered as a member - Email Member
Subject:   Flippers
Date:   9/18/2009 3:21:29 PM

In response to the question: "are many of the buyers flippers?"

My anecdotal evidence says no, almost none. The buyers I have helped (condos or otherwise) have mostly been play first, investment a far second. Contrast that with many of the buyers that had contracts to purchase condos in Crowne Pointe pre construction. They seemed like they were almost 100% flippers. At one time I had 3 units for sale in there from flippers. But, like most others, they backed out of their sales contracts and did not close. Thus the change in developer owned to bank owned Crowne Pointe.

My advice to ANYONE right now is to think long term (past 2 years) if you are thinking investment.

That's not to say flippers are a bad word or a bad thing, in any market: lake property, stocks, or Beanie Babies. They are part of capitalism, such as it still exists.
Other messages in this thread:View Entire Thread
The Crowne Pointe Effect - John C - 9/16/2009 11:40:55 PM
     The Crowne Pointe Effect - farmboy - 9/17/2009 9:55:14 AM
          don't like lake condo's - itisd - 9/17/2009 11:22:47 AM
               whoa...don't like lake condo's - GoneFishin - 9/17/2009 12:01:42 PM
                    whoa...don't like lake condo's - Rooster - 9/17/2009 1:29:20 PM
                         Roosterman - GoneFishin - 9/17/2009 2:04:18 PM
                              Roosterman - Rooster - 9/17/2009 2:37:29 PM
                                   Roosterman - GoneFishin - 9/17/2009 2:51:52 PM
                                        Roosterman - Rooster - 9/17/2009 3:06:58 PM
                              Roosterman - Nancy Christine II - 9/17/2009 3:21:31 PM
                         You have no clue... - AUCATZ - 9/18/2009 9:48:08 AM
                    whoa...don't like lake condo's - Mack - 9/17/2009 4:37:00 PM
                         whoa...don't like lake condo's - Spot Remover - 9/18/2009 9:55:34 AM
                              Whoa....Spot - lakngulf - 9/18/2009 11:49:06 AM
                              whoa...don't like lake condo's - Rooster - 9/18/2009 12:10:40 PM
                              So there, take that-- - Spot Remover - 9/18/2009 2:50:03 PM
                                   WHAT DO YOU MEAN - Summer Lover - 9/18/2009 3:32:00 PM
                                   So there, take that-- - lakngulf - 9/18/2009 4:11:54 PM
                              Hey Spot>>> - Mack - 9/18/2009 5:23:00 PM
     The Crowne Pointe Effect - greycove - 9/18/2009 10:48:02 AM
          Flippers - John C - 9/18/2009 3:21:29 PM
               Why a Condo???? - GoneFishin - 9/18/2009 7:39:24 PM
               Flippers - Ulysses E. McGill - 9/19/2009 12:11:35 AM


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