In 30 years I had the Due on Sale called twice.

I am a fairly new (2.5 years) BRRR investor in the Pittsburgh Area and I’ve found myself in a tough situation where a property I bought at the sheriff sale (sight unseen ….

For example, did they project a quick sale at today’s cap rates with aggressive rent appreciation and 2021 occupancy levels built in?

What is typical in the neighborhood for the sale price of the home?

Purchase price: $139,900 Cash invested: $1,000 Sale price: $246,000 3 Beds2BathsSqFt 1718 Built in 1970.

Median Price: $567,500; +6.07% Yoy.Closed Sales: 2,903; -20.42% Yoy.YTD Closed Sales: 37,613; -15.21% Yoy.Inventory: 3,500; -12.08% YoYYTD Inventory -5.41% Yoy.New Listings: 1,465; -7.98% Yoy.YTD New Listings: 44,944; -20.23% Yoy.Months Supply: 1.1; +10.00% Yoy.

You also may want to think about the tax consequences of an S-corporation, including the tax treatment upon sale or distribution of the real property from the corporate structure. 

Include your findings to justify your offer price.Prepare for Negotiation: Be ready to negotiate with the bank, keeping in mind that their main objective is to sell the property rather than achieve a maximum sale price.Approaching an REO property requires diligence, but it doesn't have to be a process you avoid altogether.

This is a capital gains tax free sale of your personal residence ( up to IRS limits ) and not a loan that will affect your DTI ratio.

How are things structured legally so that upon my purchase of the motel building and property, the deposits on the condo pre-sales are released to me?