All Forum Posts by: Vio Badescu

thanks all for the advice, especially for the finance part, I understand it will be good to get the money as soon as possible from the sell. But that is not always at our will.
I think Laura mention the REO'S and short -sale I would like to hear more about it.I guess that you are more optimistic about the market. I was thinking that the value of my houses will be increase considerable by really enhancing the value by smart rehab and using my man hours . I just dont see to many options for me that i can control and contribuit with my skills, is there a better way? if you would be in my situation./ thank you again i respect the pro. there is a jewish proverb that says'' that the more advisors you have the less you will be wrong''

Buy a hud home owner occ at 5 %t ,stay one year ((( can i stay only one year before i sell or i have wait two?)))) rehab add massive sun room with terace ,sell as land contract or lease option with 7 % and at good price. buy another hud investor property rehab add massive sun room with terace sell a year the same way, buy another owner occ. sell the after a year ,do the same think each time.
have 50k cash reserve and 50k remodeling money, I do all the work my self . have job and steady income.
thanks for your info. i am just starting to learn this so iam interested if you guys know the legal aspects, i understand all the other things like location ,price and so on.
thank you.