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Updated over 11 years ago on . Most recent reply

Adam P's profile image
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Adam P
  • Member since Jan 7, 2008
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Adam P's profile image
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Adam P
  • Member since Jan 7, 2008
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Adam P
2
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49
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Foreclosures

What would you do?

Adam P
Posted

Situation, have contract for an REO asking price was 148,000 it was an Auction and I was the winning bidder at 100,000. Realator calls me and says he has a buyer willing to pay me 140,000 cash the day I close. The house is a mother daughter needs a little cosmetic work house sold in 2007 for 398,000. What would you do keep house rent it out and hold for a year or take the forty thousand or ask for more. Just wondering everyone thoughts.

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Pat L.'s profile image
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Pat L.
  • Rental Property Investor
  • from Upstate, NY
  • Member since Dec 27, 2012
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Pat L.'s profile image
Pat L.'s profile image
Pat L.
  • Rental Property Investor
  • from Upstate, NY
  • Member since Dec 27, 2012
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Pat L.
  • Rental Property Investor
  • Upstate, NY
3,356
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Pat L.
  • Rental Property Investor
  • Upstate, NY
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you can NEVER lose money taking small profits

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