Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago on . Most recent reply
Buying Short Sale
Having a contract worked up for a short sale.
The proposed value is $425K( if even accepted by bank) and the house is worth about $675 as it and with about $100k put into it roughly $850k.
The problem is the house has (4) tenants in it so I guess flipping it could be an issue if the tenants don't leave.
Any thoughts??? Thanks
Most Popular Reply
@Beau Alesi
Are you saying you are offering $425 on a $600k+ house?
Bank today most likely will let it go for foreclosure sale as homes are getting great pricing at sales.
- Chris Seveney
7e investments
16 Reviews
5.0 stars