We have friends in Flat Rock. 

If so, you could ask them to show you the last mortgage statement perhaps to get an idea of the remaining balance.

You need to give him notice anyway if you're just going to take the remaining $5k and eat the rest.

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Due to high acquisition costs, I am limited in making the number of investment units I would desire, but do want to remain in touch with the market and generate a recurring revenue stream.

But for everyone that needed transactional funding to remain in the law there are a 100 that just flip contracts get paid on the HUD a consulting fee and they are down the road...

I saw a video a real estate video, and they were speaking on negotiating a discount on a subject 2 property with the bank.im confused about something. ok, lets say you do a subject to on a pre foreclosure, and get the deed. where im confused is, normally, in a subject to, you just take over the payments and pay the remaining loan balance. in the video, they say you can negotiate a discounted payoff. are they saying that the discounted payoff is negotiated DURING the preforeclosure, as soon as you get the deed, etc. or is it part of the EXIT strategy?

I would not waste too much time because it sounds like she is in no rush and quick cash will not be a life saver for her.Also, advise her to consult her own contractor to see what repairs would cost for her own knowledge.Most importantly understand there is a good chance the Realtor will take the listing at the inflated price.

In the short time I've engaged in trying to obtain properties from Wholesalers, it has become painfully apparent that many, if not most, inflate ARVs, deflate rehab costs, and present very unrealistic deals to investors.

Most of the remaining bargains need a lot of rehab and are not approved for a straight Homepath loan, you need a Homepath Renovation loan.