All Forum Posts by: Katherine Beavers

Thank you all. 

We have a neighborhood home which has been sitting empty for 6 years and is now in terrible shape, ie- total gut, but thankfully a very small home and we would use it as a rental.  The previous owner passed away suddenly.  The family chose not to pay taxes on it and now it is going into tax foreclosure to pay off debt from the estate. (The only heir refuses to sell thinking he can eventually make lots of money). My question involves a few items.  1) Will the property have to sell for what is owed on it ( around 10K)?   2) If we do bid on it and win the bid will we be obligated to pay off the debt/any other liens? 3) Is there any way we can get in before the auction and get the property ( without paying full price?

Thanks for your input. 

Could someone please explain the one year rule I am reading about? Is this only for FHA loans? I also heard somewhere about a three year rule.

Thanks

Hi there,

I am very interested in flipping homes and have a good opportunities nearby. I own two homes of my own, one of which is a rental in Wilmington.  I just finished a contract position and am ready to start flipping, full time anywhere between Wilmington and New Bern/Greenville.  I feel fairly confident in my abilities  as I have rehabbed many homes and offices, but also realize there is nothing like working with an expert and learning things.  In return for your advice and financial backing I will work for you and of course share the profit.  I will manage the rehabs, working within your budget and timeline, working with contractors, open houses... pretty much whatever.   I am very goal and task oriented, have a Masters degree and am ready to go.  Please contact me if you are interested.

Thanks for your input.