Buy a property at discount because the pool is in horrible condition, the pump was stolen and the wiring was stripped....

When we called him out on the mistake, he got very defensive, made up a horrible excuse for why it took two weeks to get the second appraisal, and basically said, “I don’t really care what you think, I’ll schedule the closing for whenever I feel like it.â€Well, it pissed us off, but given that we thought we’d close the following week, we didn’t want to do anything drastic, and let it be.Once the second appraisal was completed, the broker sent the information to the Department of Transportation to have it processed so they could cut the buyers a check (the buyer’s are getting their down-payment from the DOT because of some weird eminent domain situation).

I've seen many deals wholesalers are trying to sell which are horrible deals for flippers or inflated prices but some deals I have seen are great deals.

A new investor just posted this potential 'deal'. I am not beating her up in any way, but it made my blood run cold. Full disclosure - I got completely wiped out in my investing in Virginia from 05-10. It's how I ende...

The first house I ever bought, I bought long before I was even in real estate (or I never would've bought it, horrible deal), I ended up renting out after a job transfer to CA and I just barely lucked out to break even with the cash flow.

I made a horrible financial decision.

If you see it being mismanaged horribly you can offer them to to give it back to you and return a portion of their down payment but if that is a concern for you that they will run it into ground make the down payment high enough so you know that it can't.

I was not able to sell and after a month lowered it to 115,00 then 112,000 and started getting a lot of calls by then, even in the horrible market at the time.

These are horrible loans and I counsel my clients against them heavily unless you are doing a value add type project with a fast turn around.5 years does not give you much time to pay down the principal to offset refi shock if you do not want to sell.

First American for example is HORRIBLE to deal with when it comes to foreclosures and writing a new policy.