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2 July 2018 | 25 replies
I was buying court house steps in fort Meyers new or near new homes for 30 to 40k cash at the steps in 093. my well documented clients in PHX AZ losing 4 plexs they paid 350k for in 05 and having them go vacant and they let them go to foreclosure thereby ruining their credit and losing whatever cash they had in them.. 2010 they were selling for 100k or less and still vacant.so on and so forth.As long as credit does not freeze the values have been reset .. those that were lucky or smart enough or came of age to be investors and bought in the trough historic low price points historic low interest many paid cash as financing was still tough.. so as long as they don't drink the cool aid and refi out and leverage up you have the makings of a very strong asset base.. plus all the foreigners who paid cash there were literally hundreds of thousands of homes paid for in cash by Off shore folks.. then add in the half a million or more that were bought by hedge funds..
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1 July 2018 | 1 reply
I am confidence it will be under contract by mid-late July.
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30 June 2018 | 17 replies
Yes, more liability but I've not been concerned with that to date, but like most contracts, nobody is all that concerned until things go sideways... or in the event of a water landing as @Jay Hinrichs said (I'm stealing that one by the way).
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18 May 2022 | 28 replies
I need help with ABC capital, bought the house in may 2019 and they never refurbished the house as stablished in the contract.
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2 July 2018 | 10 replies
Depending on her needs this could be a really good opportunity for a land sale contract/Contract for Deed (owner financing).
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4 July 2018 | 13 replies
Lots of options for someone as smart as you have been with your money !
28 June 2018 | 3 replies
Additionally, I would make sure you still have a mortgage contingency clause in the contract in case the funding falls through.
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28 June 2018 | 7 replies
Very similar to a property I am currently in contract with in Phoenix.
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6 July 2018 | 18 replies
I'm under contract on a fully occupied three unit right now and it's a condition of the contract that we aren't closing until the unit I will occupy is vacant and broom clean.
28 June 2018 | 3 replies
Unless their planning on holding costs for 2 properties, while theirs sells, those really great houses they look at would probably be under contract in days in a hot market.