All Forum Posts by: Robert Knudsen

I agree with you Joel. I don't think the bank cares what I or anyone says about the BPO. Good info tho. I'm looking to buy and hold as a rental as well. Rent in the area is 800-900

Thanks for the info, thats what I was thinking as well. I'll give it a shot and see if they even counter.

Hello Everybody, I found a short sale, that already had a BPO of $90,000. It needs carpet and paint, so minor repairs and has all appliances minus washer and dryer. ARV is $95,000. So $95,000-10% for repairs equals $85,500. Then my three prices are $85,500 * 65%,75%, and 85% so $55,250 - $63,750 - $72,250. Would I be wrong to offer $58,000 and maybe close around $65,000?

Can you print gold or silver, what about oil, is their a machine that makes it? If their is where can I get one. You mine for gold and silver, you dig/drill for oil. Thats why its worth something. If you can't find it you don't have it. Where as I see plenty of trees outside and the govt. doesn't have to look or find money, they just keep printing it on paper/cotton. As many have said, when you buy a gold or silver you are protecting yourself against the govt. devaluing the dollar. Look at the paper money is printed on. Take away those numbers 1,5,10,20,50,100 and what do you have just paper, might as well call it toliet paper.

As the goverment continues to print billions everyday and soon to default on thier 14 trillion dollar loan, it will be no bubble when both gold and silver spike!