All Forum Posts by: Anthony Agnone

Hey Daniel,

I'm indeed seeing duplex sales tending on the all-cash side; however, since you are looking to house-hack, you can pull a profit from a purchase price that is higher than those making cash offers. Every seller has their own time-vs-money tendency, so in this situation, I would offer slightly more than my cash offer would be. You'll get a property as long as there is a duplex seller that cares more about price than a fast close.

Thanks for the responses guys. I am ultimately interested in rehabbing and holding where I can, so I'll limit short sales to this strategy.

Who all is actively getting properties/profits from *facilitating* short sales between owners in default and banks? At a recent REIA meeting, an investor from Florida presented some impressive numbers for this strategy. It's often a double close -- negotiate a big discount short sale with the bank, and then either keep the property or sell it to another investor (could be considered a sub-type of wholesaling).

However, since the REIA meeting, I've also read a lot of discussions online about banks trying to prevent this more in the past 10 years. Additionally, there is a lot of differences in legislation and bank practices across states, so I'm hoping to confirm any pros and cons to this strategy. Bonus points if the pros and cons are specific to Georgia.

Thanks in advance!

P.S. for information purposes, I am also not a realtor or attorney of any kind.

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Are there investors in Georgia that are getting properties/profits from facilitating short sales between owners in default and banks? At a recent REIA meeting, an investor from Florida presented some impressive numbers for this strategy. However, I've since then also read a lot of discussions online about banks trying to prevent this more in the past 10 years. Additionally, there is a lot of differences in legislation and bank practices across states, so I'm hoping to confirm any pros and cons specific to Georgia.

Thanks in advance!

P.S. for information purposes, I am also not a realtor or attorney of any kind.