I have had a lot of multi-family opportunites come across my desk, before they hit Loopnet or MLS and quite a few are appealing, but a recent seller is offering owner finance.

I can tell you in my office, people who have 401k's and own individual stocks, are waiting for a sign that we hit bottom.

They must work efficiently and that means NO PHONE CALLS to the actual Agent.

But when its a house and the numbers of 10X bigger, they think the bank should be the one who takes the hit, and the owner should get to walk away unscathed.

It was kind of a spure of the moment thing to were the lady (family friend) needed a place to stay right a way & agreed to pay the $525 plus deposit.I want to replace the old cracked windows with some better energy efficient ones to help with the cost of the utilities which I pay none of.

And the cost is very cheap and the service efficient and fast.

I would look to get pre-qualified now, and find out what their FICO score requirements are just in case you take a hit with your credit card strategy.I would disagree that "most" potential buyers right now will be using FHA but "many" is an adjective I would be comfortable with.

Then it hits 90, 120, 150, 180 DOM and the asset manager has to reassign it per their matrix.

The market has been dropping too fast in our area for this to be a good exit strategy and the banks are already taking such a price hit, it’s hard to get them low enough to make that possible.

Additionally, older units are less energy efficient than new models, which can be a factor if you ARE paying the utilities.