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Updated about 11 years ago on . Most recent reply

User Stats

203
Posts
31
Votes
Andres Piedra
  • Involved In Real Estate
  • Potomac Falls, VA
31
Votes |
203
Posts

Hahaha! Full Panic Mode! ! ! !

Andres Piedra
  • Involved In Real Estate
  • Potomac Falls, VA
Posted

HUD just accepted my, what I thought was, TERRIBLE offer on a property! Yikes!

Now what?!

Most Popular Reply

User Stats

17
Posts
5
Votes
Justin Vincent
  • Columbus, OH
5
Votes |
17
Posts
Justin Vincent
  • Columbus, OH
Replied

All I can say is teach me your ways! Sounds like you got really lucky on that deal. You appear young in your pic, why not sell and use the cash to buy and hold something that produces more cash flow. $50k would make a pretty significant 15% down payment on a bigger rental. Without numbers it would be hard to say though. Also, managing a property from 1.5 hrs away could be a pain in the biscuits. Congrats on the big win dude!

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