For instance, in the Japanese Bubble in the early 1980's, prices droped sharply for a year or two until the government steped in to stabalize them.

As the house was unoccupied it is not the seller's responsibility (AFAIK) to list any known defects.Too late for you mom in this instance but good advice for other readers; the first time I was in this situation a friend of mine (agent) suggested I ask the bank to pay for a (American Home Shield IIRC) home warranty.

For instance, if I buy the 9 unit for $215k using commercial loan for 75% of price and short-term private loan for other 25%, and I want to refi my downstroke to a permanent loan after I get the rents up to par in 12-18mos, assuming bank will only do 75% LTV on a refi I'm going to need the place to appraise for $300k in order to get my cash out or rate and term my downstroke and other costs.

TA, you know, i don't know what made it happen..i could call it luck but then again maybe this was that instance of a truly motivated seller and able buyer that RE gurus make the cornerstone of their bootcamps.

Either You need to get it in writing per a contract with the collection agency that they will remove any and all instances of their company from your credit report after you pay them orThe option that best works for you…negotiate with the original creditor with the same contract.

For instance, we have done a flip that was almost a complete gut job and we have done a flip that was basic cosmetic work.

For instance... in my case, NC RE license requirements include a course, and that course uses a textbook.

I find his titles to be the most accurate in the business although I do agree he overstates his case in some instances.

For instance, a home with an ARV of $100k or less, you need to be at the 65% minus repairs, a home with an exit such as yours of $475k can be as high as 77% IF it is an easy and quick flip, guideline should be set no more than 75%.For homes with longer rehab times and higher ARV's like $750k and up, you need to get the rule back down to the 65% mark again.Point being, the rule needs to adjust according to each property type, time factor, difficulty factor, etc.At 81% of ARV + you added in rpeairs on top of that (if that costs was $25k) then your "all0in cost to exit price was 86.5%Your $42k profit based on an estimated $411k cash investment gives you a cash on cash return of 10.2% (that is only half of the minimum I shoot for).

With HUD it depends on many things when purchasing.If for instance the purchase was part of the good teacher,police firefighter etc. with the discount you have to live there so many years period or you will have to repay some money.Also if your buyer bid during the owner occupant only period to get the property and will never move in that is fraudulent.Investors frequently use to do this to not wait until the investor period came.It is a crime to do this now.Some would also say they were living there to get an owner occupant loan with a lower rate.This is committing mortgage fraud.Many do things to ride the line everyday and some get burned and others do not.I wouldn't want to be on the governments radar though.So without knowing the specifics of how the transaction went down it's hard to say.If the title company says 2 years and they do a lot of HUD then I might take that at face value.I have seen HUD go out to properties before,check where mail is sent to for taxes,etc. after they were bought.