Flipping Out in San Diego
Just a short time ago there were many people flipping properties here in San Diego. The television show Flipping Out had an episode where Jeff Lewis took a loss on one of his homes he was flipping. The point of that story, to me, was that he wished he would have taken an earlier offer that was much higher. Even a professional in the real estate business can make mistakes and hang on too long. Mistakes will always be made and it’s what you do afterward that counts. I think Jeff Lewis cutting his losses and moving on was a great move that many can learn from.
I too have made some great investments in personal property and investment property. I have also made some bad ones. It’s part of the game. A football team can will the championship without winning every game. No one wins all the time and knowing that is very important if you are going through short selling your home or if your home has been foreclosed on. Get ready for the next game or home purchase. Work on your credit and start saving for your next home or condo. You’ll be ready to buy and lenders will be ready to lend before you know it. Make sure you’re in the game.
If a professional like Jeff Lewis can make a mistake and I have made mistakes and thousands of real estate agents have bought homes they either can’t afford anymore or are upside down $300,000 in, it shows that even people in the business are not immune to market conditions and no one has a real estate crystal ball. The days of flipping will be back one day and for those who love to flip it will be your market.
When you’re ready to buy or sell a home or condo in San Diego call Mike and Dawn Lewis.
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