LOLWhat you want to do is find a C area that is a little bit away from a D or F area but the broker listing for the bank used war zone comps for the BPO.This makes the C property price close to what they are asking for in the F areas.Those are the ones to go after.I just like going after ugly properties in great areas.I stay away from the war zones but have investors that take them on.The more risk the more return you should demand.

Short sales can be a very tricky transaction if you are new.It's hard to distill all of the nuances of a short sale transaction into a forum post, but it all boils down to the BPO (Broker Price Opinion).

In fact, it is what many licensed brokers use to present their listings to potential buyers.

If I were to pony up the $10k, that would throw a wrench in my rehab and will end up costing me even more money since I won't be able to hire out for other repairs.No one at closing caught the error, including the realtor who also received an extra $600 broker's fee for "reviewing the documents" with me.

When commercial multifamily is being sold to presumably sophisticated investors, brokers prepare pro-formas, as we all know.

Okay hard money pros...Scenario:-A fully licensed real estate (deeds...not money) broker in California wishes to make hard money loans at very high interest rates in trade for aggregating money sources for fix-and-flippers and providing the fund apparatus where they can pool investors' money-The broker/lender inserts a choice of law provision in the contract stating that the laws of California apply-The broker/lender loans on projects in other statesI read in other posts that people have received advice from attorneys stating that the choice of law provision somehow "imports" the rules of Cali and allows one to lend at usurious rates.

If the agent told you the offer was submitted, but then you found out it wasn't, report them to their broker or to the Real Estate Commission...this type of behavior shouldn't be tolerated.Then find a new buyer's agent.

I'm usually on the giving end of real estate advice as I am a real estate broker for residential properties.

I know there are a few lenders out there that are still able to close loans in land trusts, although you are going to have to find the broker that is familiar with the transaction.To be honest I would be very surprised if any brokered loan, i.e. not a local bank is going to get that loan done on a primary residence.

Brokers in general don't understand how apartments operate or lie about the operations2.