All Forum Posts by: Wendy Ake

Thanks for the information. I'm going to see what happens. My bid amount AND their counter offer still make for a profit at the end, in the final calculation. So, I'll sort out what's the best path and I'll follow up with you all on the results! Thanks for the help.

Greetings! I was the highest bidder on Hubzu REO property today for a single family home. The reserve had not been met so we received an immediate response from them that was $15k higher. I'm wondering if anyone knows what would happen if we let Hubzu's counter offer expire. Will the Hubzu follow up with us so we can make another offer? Or will Hubzu turn it back to the bank for them to decide what to do with our original offer? I am not excited to raise the offer $15k although there would still be a return on the rehab flip. Just feeling a bit greedy and would prefer to stay at my original bid. (FYI: I was the only bidder and the house has already been on a contract when it was with the MLS. It fell through and was passed on to Hubzu.) Thanks for any experience-sharing.

Greetings everyone--

I am in the process of finding people to help me learn to make the best plan for a first deal in the context of future plans. Not confident that what I'm currently thinking of is the most appropriate strategy for my current cash on hand and traditional finance I've lined up. I've also got a contractor I'd like to work with, with whom I have some limited experience. Good experience, this far, from work in my own home.

I work a full time job that I love and will need to do this part time. I also am a researcher and writer full time. These skills have helped me do some research on properties but I am, again, not confident I'm looking at the right data or excluding some necessary gathering all the information I need. I thought I had the necessary data points, but the looking at BP calculator, there is A LOT of data I did not consider.

I am hoping to increase my annual income and/or monthly income. I understand this lines up well with rental property and/or rehab/remodels. I just want to be sure I'm proceeding with great potential to be successful and "trade up."

I'm a physicist by training and am particularly excited to see rigorous analysis before proceeding. I have appreciate the recent article that discussed the 7 property strategy on 1-2 homes per year. This sounded manageable and well planned. Also, the buy, rehab/remodel, remodel strategy seems well researched and clearly identified to set up numbers.

I would  like to start doing the 100 deals analysis to get in the habit and do them correctly. I would like, of course, to cycle back to a mentor to see which deals may fit best with a long term plan and current resources.

Many thanks and looking forward to learning more and talking on line!

Good afternoon