I do not know about previous "bidding" status on the past hubzu auctions/listings, it but has never gone pending so they never accepted any offers they may have had.Asking price recently reduced to ~69.9kNow hubzu is saying current no limit best offer is 56k as of a day or 2 ago.

But it turned out he didn't know what he was talking about so now we have to adjust our offer.So I am sitting here with so many projects on pending because of offers and negotiations and I was doing my daily 3 hour MLS scour.

Or one of the pending houses on C.?

But almost always the contractor will limit those given to you to people who have been pleased with the work that was performed; rarely if ever will you be given the contact info for somebody who had a "negative" experience.I would look into whether there are any pending lawsuits (small claims and up) against the contractor.

Right now I have a pending assignment agreement.

Using the property analysis sheet, here are details:Price: $170kRehab: $20k (estimate pending viewing)Closing: $3,400 (2% estimate)Total cost: $193,400Monthly rent: $2100 Annual gross w/12% vacancy: 22,176Estimated annual expenses: $8,674 (taxes, insurance, maintenance, utilities, advertising, PM)NOI: $13,502Cap Rate: ~7%I tried to be conservative with expenses, and it looks to be a fair deal.

Currently I paid him his first draw of 30% of total project and his work is clearly not even close (inspection from lender still pending to confirm).

To many familiar with the history of Rule 506(b) that sounded a lot like general solicitation and advertising, but the SEC concluded that it was not.With the two no-action letters, the SEC effectively launched the Crowdfunding industry even before the JOBS Act officially came into effect.More broadly, with the two no-action letters in hand, portals may feel they have a clear road map to legal Rule 506(b) offerings, while they remain hesitant about Rule 506(c) pending more advice from the SEC.

Made two offers in January, one pending title search.

Nothing turn-key about a property with known pending repair/capex issues.