Purchase price: $55,000 Cash invested: $100,000 Sale price: $820,000 Fix & Flip in prime marine park in Brooklyn, one family 3bd duplex just off the park. got this deal as REO, since houses in this area are selling as is, we did just minor renovation.

The options they gave us were 1) leave the panels in place but get no benefit and do no harm to them 2) purchase the panels (we were quoted the full retail price which is ridiculous) 3) sign a new agreement IF AND WHEN we wanted to.

Not sure what their rights are as a lender but the owner is fearful that now that she has REACHED the Maximum funding amount the Reverse Mortgage loan would go to - that she may be forced to sell?

I'm a wholesaler located in delaware, I'm trying to network with investors, agents in the surrounding areas.

I am having difficulty figuring out how to use the numbers here to see whether i cut my losses or proceed knowing some major capex work could be done after renovation, so hopefully no major expense in the near to medium term, and all the potential of the area in price growth and rental growth.  

I feel there is some areas where insurance is short.

This was one of the few times I noticed there was an upper level, but they didn't include the area in the MLS system.

If its specific to the Detroit, MI area even better.Thanks

Good afternoon, After looking in Florida, we are expanding our search for an investment property in the Columbia, SC area.

Most recently had someone buy in the Chitre area-- not a fan.