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Recent REO Success Stories
9 January 2008 | 48 replies
WorthQuiet, older neighborhood with lots of rentalsAsking price $48K, was marketed as a triplexI offered $30K cashDOM 7They countered $40K cash and a short closing date(10 days)I was able to do my own inspectionsDiscovered 4 kitchens and 4 bathrooms.Needs trees trimmed, roof, minor interior repairs and cleanup.Should be worth $80K-$100K when finishedI uncovered a city lien against property for grass cutting(they had to pay for)During title work a federal lien was uncovered(they had to pay for)We closed on the last possible day at 4:00pmObservations:I used a buyers agent to represent myself.
Willis Seng
Estimating renovation costs
30 December 2008 | 32 replies
Labor-only bids will also allow you to compare apples to apples on GC bids related to specific tasks.If there are some unexpected repairs uncovered during the inspection, this is your opportunity to ask for concessions from the seller.
Craig Fialkowski
Lease Option for unqualified Buyers
14 January 2008 | 22 replies
The same character flaws that caused them to have bad credit will cause them to not be able to improve their credit and buy the property.
Bob Maloney
Filing Taxes for LLC - using Form 1065 K-1, etc
3 May 2009 | 7 replies
What flaws do you see in this logic?
Vadim Kravets
Who and how much?
5 February 2008 | 2 replies
Cheap and easy, use the pressed wood cheap stuff to save 50 pct. dunno whats wrong with your ceiling that you want it torn out, but theres cardboard, metal, and textured ceiling tile looking wallpaper alternatives to simply cover the flaws. 15+ cents a sf for textured ceiling tile wallpaper DIY, .50 to 1 an sf for armstrong cardboard diy, up to $50 an sf not installed for copper tiles.
Jeff Something
For a retailer, what makes a good wholesaler?
15 February 2008 | 6 replies
If I had to take a guess on your question, I would say that a great deal trumps any personality or character flaw.
J Richardson
Still struggling with background check for years now
14 November 2011 | 8 replies
I just see my background screening process as being flawed right now.
David Beard
Turnkey sellers - why are expenses ignored?
26 November 2011 | 50 replies
Simply checking with the local landlords (and seeing this done in my own market) quickly uncovers this.
Jake C.
Property management on the go?!
20 December 2011 | 12 replies
I want to use Buildium as an accounts receivable ledger and payment collection service, which it is set up great for except for this flaw.
Bret Bordwell
Is your local bank lending to value?
3 February 2012 | 21 replies
So there is a flaw in the search program.