Anyone know a first time flipper that is trying to unload a property and needs help?  We received an email from A&E;.. They are:

currently looking to do a special episode of Flip which will feature first time flippers learning how to sell their properties in a down market. While doing research for the show I came across your blog. I’m based out of New York and know very little about Orange County. Do you know of any first-time flippers who may need help? Ideally it would be someone who is stuck in the middle of a project and is looking for a way to finish it more quickly and make a profit.

If anyone is in this situation (especially in Irvine), go ahead and reply here and I’ll point A&E;to this thread.

A&E;should contact prior flippers they’ve featured in their flip shows.  I’d figure some of them are in distress right now and could use the help/exposure.

the A&E;shows are pretty good. they would give update at the end of the show and tell you how much they make. Usually the newer shows is showing that the flipper are either breaking even after all the hard work or losing money. too bad they don’t time stamp the show.

This probably doesn’t count as a flip, but I’d watch the show if they interview the guy who bought this house.

The guy spent $910,000 in 2006.  Tore the house down completely, and built a 3,800 sq foot house from scratch. He listed it first at $1.85 million in Nov 2007. He’s been dropping the price steadily, it’s at $1.55 million now.

How much does new construction cost, about $200 sq/ft?  So, he must have $910k+$760k about $1.6 million sunk into this place. 

The list price has dropped $300k in 180 days.  In three more years, it should be free!!!! I’ll wait until then.