What if you sell your home take that equity move and end up losing that money?

So oftentimes the off market wholesale deals sell for retail price…but, as we know, with much fewer contingencies and protections.

You do not want to refinance relinquished property shortly before you sell it in an exchange.As a general rule, the IRS will take issue when a taxpayer refinances and strips equity out of a relinquished property shortly before selling it in an exchange.  

You can also build a relationship with a good local agent and ask them to run comps for you, or in certain situations like selling a high-end home to a friend off market I’d recommend just paying for an actual appraisal.

https://www.wbaltv.com/article/baltimore-city-selling-vacant...https://www.wbaltv.com/article/baltimore-city-selling-vacant...

Renovations and dispositions before the financial world fell apart…As my partner and I both realized we didn’t have a lot of interest in running the operations of our real estate investment company, we began the process of preparing to sell what we acquired.

Virtually every mortgage broker* will use the FM Selling Guide for determining eligibility, or you google "fannie mae underwriting guidelines" for high level details.

Please connect with me if I can help you buy or sell a home here in Colorado!

Otherwise, you're kind of relying on the word of strangers that likely have something to sell.

In a few months, I will be selling my home.