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hey meridien guy,

we get it. pretty sure there's a dedicated place for you to sell your stuff. personally, it gets on my nerves when you pretend to give innocent advice while you're hawking your wares. this must be the third time i've run into a post pushing your company in the regular forum.

thanks for the "help."

-dean

I actually liked the book. It might not have been a nuts and bolts book, but it covered a lot of things; good overview for those with minimal knowledge of the subjects. Also, it was pretty motivational -nothing wrong with that for new investors (as long as there's some substance). It makes you feel like it's possible.

EZ,

The above post looks like a solicitation. Both usernames made on the same day, with one post each. The entire thing looks pretty scripted... Hey should I get a loan, because everything is so terrible, blah-blah-blah. Sure should, here's the place, my "friend" told me about... Blah-blah-blah. And I hear a slight English (British) undertone to both of them -weird.

LO650,

Seems like the question you're asking is whether or not someone would be willing to pay full price for a house that was just listed for slightly less. If that's your question, I would venture to say that no one can answer it, because the market will do what it does. Will anyone find it and want to pay full price. If they know it recently went for less? They might complain, but ultimately, do they like it enough to pay the current asking price. If your clients are getting such a great deal on it, they might want to pull it off the market for a wee bit, make some minor updates, and then put it back on -then they can go to the default "look at all the improvements we made!" I hope that helps, but I'm not really sure I understood the question. Another concern (the seller's problem), is that if it was recently listed with a Realtor, and now they're selling it on the side without his help, they probably have a financial/legal obligation to him... Good luck.

It's my understanding that HUD often discloses lead-based paint if the house in question was built during the era of said paint. I have also seen a lot of "evidence of mold not remediated" that I was unable to find when inspecting HUD's. Makes me think that when the guys that actually put the houses on the market for HUD get busy, they make do with standard disclaimers.

My cat would think you're pretty slick, pulling off a fish caper like that one! :superman:

Good! Now you'll have $69 leftover for more fish. :D

The $1 to buy the structure and move it was probably a unique deal. Maybe the houses had a historical value. Don't know. Generally, the $1 HUD homes are for non-profits. It's very clear if you go to the website. It seems that after they can't get rid of them like that, then they put the bidding to the Officer-Next-Door program (which I'm trying to get on, but haven't seen a lot of places I'd like to live in). Regardless, $1 HUD's are for non-profits. Check out the HUD property website (www.southwestalliance.com).

On a side note, DON'T EVER buy with a HUD/FHA motgage. It has been the single biggest hassle of my life. Go conventional (or something else).

Jedi,

I'm working on my first rehab, and now I'm starting to weigh the tax costs. Am I going to take a 35%ish shaft everytime I sell a rehab (holding time well under 12 months)? Is there some rule or trick that can help me out...

Pretty sure the $1 homes are only for non-profits. Not saying you couldn't find a way in, just that it wouldn't be legit...