It is shocking how little many of these people know about financing options.  

Purchase price: $80,000 Cash invested: $6,000 Sale price: $135,000 Contributors: Peter Vekselman Partner Driven and Seth Choate purchased a property on Pleasant Valley Rd, Hartsville, TN, for $80,000 on 05/09/2024.

sounds like a typical fixer upper .. and very typical for that vintage home. nothing shocking here.

I think the people who bought in the boom and thought it was smooth sailing to easy profits every month have been in for a shock.

We have always had very pleasant dealings without agents involved but if I was selling a property I would probably grudgingly use an agent so other agents would show the property.  

I was shocked when they told me they took out mortgages on the paid off properties, to invest in more properties. 

Pleasant area.

You’d be shocked by how little actual screening many PMC’s do!

Hey Ryan, yes I was told that just a cleaning alone, not any repairs, would be around $200-$250 but was shocked when I was sent an itemized bill and was charged $550 to clean a 2BR/2B condo downtown.

@Marcus GriffinTypically as part of a modification the bank will have a “shock package” which includes information and forms to be completed by the borrowerOn those forms there are questions like will they or do they occupy the property, there income, do they plan on keeping th home.This is equivalent to lying on a bank application which is most likely considered fraud Not providing legal advice but this is definitely a very slippery slope you are getting involved in.