All Forum Posts by: Kevin Sproul

Unlikely that a realtor would get involved in a theft like that. Because it is easy to know he was there and he can easily loose his license over this.  

Leaving the door open? Wow

Security systems are good to have.

A WiFi rig that you can take down and move to your next flip is a great idea.

Thank you @Brandon Hall

First straight answer, after a week of research. 

You rock. 

We bought first house in in 2014, found out pretty quickly it wasn't right for us.  Sold it in 2015 and bought another that we plan to keep for the long haul. Both are primary residence.  We never claimed the 1st time home buyer tax credit on the 1st house, because we knew we wanted out before the end of 2014. 

Are we still eligible to claim it in this situation? 

I need to get in touch with an investor who does Lease Option, Wraparound Mortgages and other such deals in the Austin Area. 

It does not matter how much the other people in the deal make, as long as I walk away still able to qualify for a similar house. on the opposite end of town.

I will run it by a realtor and see if he even thinks it is posible.

The 2nd won't be FHA.

Here is the situation. I live in one of those places where a decent quality home, priced near appraisal sells on the same day and builders are hard pressed to keep up. In other words, one of the strongest growth markets in the country.

I just closed on a beautiful house (4 Bed, 2.5 Bath, 2400 SF, with all the trimmings on 1/4 Acre on a Cul-de-sac, 20 minutes from downtown).

Then our circumstances changed a day after closing and moving there is no longer a great idea. (Doable if nothing else works out, but not ideal).

So here is what I am looking for. A way to exit this property in under two months and walk away, able to close on another in a better location (for me) at a similar price.

The 1st idea, I thought of was to find someone with strong income and a recent horror story on his credit to do some kind of lease option or subject-to sale, with a full assumption of the existing mortgage in a year or two (when both interest rates and property values are projected to be way over what they are now.)

Of course this is Bigger Pockets, so whatever we come up with would have to fit 3 criteria:
#1. It has to be workable.
#2. It has to be ethical.
#3. It has to be legal.

So hit me with your best ideas. Investors in Austin, TX especially.

PS: You read correctly on the Mortgage Assumption. New FHA Loans are assumable.

Blank

Any Residential Zoned land for sale?

What strategies are working well in Austin, TX today?
I ask because the odds are good that I could land a job there and I think it is a good idea to invest where you are... Especially at the start.