All Forum Posts by: Chuck Redman

There is a lot to be looked at up front. Thank you for your input. I will start researching what you mention above. This could be worthwhile in the long run if put together properly from the beginning.

Bill Gulley That is sort of what I thought. Sorry "mentions" do not seem to work from my Ipad.

I understand what you mean by the political connection. Maybe a better avenue for the NP would be a lease option assistance organization to help people that can't get traditional financing into a home and work with them through credit repair etc.

What are your thoughts on this avenue? This thread you started a while back has me interested in finding a way to make this type of arrangement work.

@Bill Gulley. I would really like to learn more about setting this up. We have a shortage of assisted living facilities here in Houston. Last year my mother had an aneurism that after brain surgery left her unable to return home. My sister and I searched everywhere within reasonable distance and they were all full with waiting lists. The only one we found way 1 hour away with shared room cost of just under what her social security check is.

I would love to be able to make a difference for the other families facing what we did.

J Scott The property has been listed on the MLS for a couple of months at too high of an asking price. I am assuming that is what they need it to sell for to break even. I will call the listing agent and see what I can find out as the owners have vacated the house.

By approved I was meaning if the bank has already told the homeowner that a short sale was possible.

Thank you for your input.

Krishn JAISWAL I would use an RE agent familiar with this. Being new to REI I do not have the experience to try and do this alone.

Joshua Dorkin and Brandon Turner As a new person to REI I can't thank you two and the rest of the seasoned investors for what BP provides!!! My hats off to all!

J Scott I subscribed on a trial to Realtytrac and found that a house on my street that has been for sale for months has gone into pre-foreclosure with an auction date of 3/5. Is it still possible to work a deal with this little time? This would be a great property to get if they will short sale it at the right price.

On the MLS listing do you know they are approved for short sale already?

Yes it is just outside of Houston

@michael are you referring to Dayton, Texas?

I am curious how many BP investors work the short sale avenue? What approach do you use? A specialized RE agent?

Is that new to 2011 code?