How to Lose $500,000 in a Year

May 5th, 2008 by IrvineRenter 

Ship of Fools -- Robert Plant

Today we are breaking with our tradition of profiling a $250,000 loss, and we are going big time -- $500,000 lost on one property. This flip is sunk. These flippers are so far underwater, they are not on a ship of fools; they are on a submarine.

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