All Forum Posts by: Adeline Sprague

Under contract!

Ready for new tenants/owners, this 2/1.5 block property is available July 1, 2018 at a discount.  Below market value, even with est $7500 in updates, you will have equity in this property from day 1.  Rent it out for an estimated $1000/month or live in it yourself and enjoy the clean neighbourhood, central access, and spacious property.

Contact us for more details and to pre-screening.  NO OWNER FINANCING AVAILABLE

Looking to add a Solid, fully rented, cashflow positive turnkey duplex rental in Buffalo NY available to your portfolio?  Look no futher.  This property is a good performer and is only being sold because it and it's sister property in Niagara Falls, NY are outside our focus areas. 

Good income generation, property management in place if you need it, and a solid track record and return.  Let us know if you are interested.  

Hi Garison,

If the property is sound and the numbers work, yes I would consider it.  What is your concern with the situation?

Thanks for all the responses, guidance and feedback on this one.

We have learned an important lesson through this experience:  Although the bank countered our offer and we accepted their counter, at no point did they issues us a Bank Approval Letter.  There is documentation showing the negotiations of the sale, the offer and counter-offers, the acceptances etc... however no Bank Approval Letter was ever received.  We spent 9 months holding onto an opportunity that was simply an 'implied' approval, not a fully executed and binding contract.  Lesson learned!!  

Thanks Mike.  Our current extension is to March 30, 2018.   I shall have our realtor call the bank immediately.  Any other recourse?

Looking for feedback from Florida Investors, Realtors and Bankers please.

We havd a SS property under contract:  we offered, bank countered, we accepted Banks offer.  This was 9 months ago.  Since then the bank/Seller have asked for numerous extensions which we have given. 

Today the selling realtor relisted the property on the MSL as 'Active' with no notice to us .  What are our options? 

Mark, I do not believe there is a legal issue selling properties you own, nor is there an integrity issue with doing so.

Hello everyone.  It was brought to my attention that I had listed the incorrect price of this property (Thank you Melvin Music).  I apologize and ask that you please use the corrected

$$89,900 ask price when evaluating this income property.

Sincerely

Adeline

Evangeline, please provide an email address.