Adventures in Ocean Hills Country Club

It's been a while since my last post, Crystal and I have been super busy! We purchased a fixer house in Ocean Hills Country Club, which is the best senior community in San Diego. Since we do a lot of business there, we know the market well. So this property came up that needed work, and the heir didn't want to deal with it, and so we bought it at a fixer price. We then proceeded to rehab the property and within 2 weeks, we are now on the market.

The work begins.....

This home is now for sale, you can see more pictures at http://www.4746athos.com/!

Our hope is to make some money on this to help pay for the cabin addition (I'll talk about that in the next posting). Is it nerve-wracking to try to flip in this market? Yes, it is. Time is our enemy, as the market is going down and carrying costs can destroy any profit we hope to make. Nevetheless, we have to try. What other choice do we have? Give up and do nothing? Wait for a better day? I admit, it is tougher to make money when you're swimming upstream. But in a better market this opportunity would not have presented itself, since a couple years ago even fixers were selling quickly and for top dollar. Today buyers can be more picky, and will pass over properties that are in bad shape, which leaves a potential opportunity for those willing to do the work of fixing them up.

So did we make a huge mistake? Will we end up with no money and only the experience? (Experience is what you get when you don't get what you want!) Stay tuned!