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17 January 2014 | 15 replies
I think there are also many investors who are more than happy to be 'reselling' the same property over and over b/c they got a small upfront down payment and cashflowed while the tenant/buyer was there.Thanks everyone!
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21 August 2014 | 17 replies
Then after I close with the seller and then the buyer soon after, he or she could make repairs needed to raise its value and resell at a higher price.
22 January 2014 | 51 replies
You the list it and resell.
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19 January 2014 | 6 replies
You may need to 'interview' a few brokers (maybe quite a few) before you get to where you want to be.Other (necessary, IMO) 'assets' are J Scott's book The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties and a statement of work that your contractor can help with.Good luck.
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10 August 2013 | 8 replies
That buyer then 'sells' the property to the newly funded etc LLC.The only self dealing that could be construed would be the verbal, undocumented agreement to purchase the property from the initial buyer.This is exactly what we did @ a tax auction & it certainly passed scrutiny on the audit of us re-selling it 3 years later to another arms length buyer.
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1 August 2019 | 13 replies
Escrow to purchase my home for a responsible price leave me out door arot120k 7/16/19 at around 230pm get a call that escrow fall out ,wow then call wElls Fargo to see options and give institutions that if about to send a new contract with a approve and intent to postpone Letter I can get more time needed if faxed pronto well day 7/17/19 comes all paperwork faxed all morning calling bank finale get a hold of someone at 845 o’clock am auction starts at 9am get a postponement approved at 9:09 am lady call calls to remove my property then comes back on the line saying sorry my property sold at 9:00am like I’m like seriously start at 9se at 9am omg , So here is the question I defaulted on my 4felony criminal case after paying my bill bonds men 25,000 out of a $30,000 deal they do not pick up the charges until one year and a day later so first bell is exonerated but I get charged with one of the four Felonise and have to post another bell using the same bell got a bell been saying ball ball the man still helps me bells me out on a $50,000 bill for 1000 bucks and said and I told him I was still going to pay him on the Well come to find out he has a $250,000 lien on my property that was auctioned so I was just trying to figure out why home is there anyway to get my house back to resell it him to get the 200,000 from the investor who purchased it or what’s going to happen because seems to be like I’m still on title as owner but I have an investor coming to my house showing me a new deed of ownership but bell bondsman he still hasn’t got any or one dollar of any money
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2 June 2013 | 3 replies
You could have settlement with owner financing and a balloon payment due when you resell.
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4 June 2013 | 7 replies
They might be purely wholesalers who are just trying to buy then immediately resell the house.
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3 June 2013 | 2 replies
I am looking to buy, rehab and resell the house.
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17 June 2013 | 2 replies
That seems to be targeted to homeowners who can't get traditional mortgages, whereas hard money is targeted to investors for either fix-and-flip or fix-and-refi.However, if you try to use this like hard money and pay it off in a year, it will cost you 28-34%(includes their 20-25% markup in re-selling the property to you, plus the 8%-9% note rate), whereas you can probably get a comparable amount of hard money for half that (inclusive of points).And chances are good that a HML will loan more, including a good portion of the the necessary rehab, than this comany.For an investor, this makes no sense.