(unless they forget to check the box in the addendum that makes the deed restriction part of it)In fact, this is the reason we are backing out of the current deal...they don't think they can't get to closing before the end of June, which means we wouldn't be able to resell until October, which isn't a great time of year to sell.

Hello Kenyatta,Your question is a bit interesting, but I will give it a go and hope it helps you.First, PEMCO, etc. are legal entities/organizations that HUD has legally contracted with to market, advertise, sell, etc. the properties that are assigned to them.

The wholesaler has marked them up a few grand and wants to resell them to me.Now, if you have some strong investors on your buyer's list, and you watching the MLS every day and working your listing agent contacts, then, yes, I could see this working.

Are you planning on keeping this property to cashflow, or are you looking to get it and re-sell it to make some quick money?

2010 will be the year I...1 add more 'cashflowin like a son of a gun' multifamily properties to my portfolio2 organize my companies strategically with my accountant3 put items in my company name, such as truck, phone, etc. 4 make enough money at my sales job to qualify for nice loans....would love to purchase a downtown condo for myself and hold onto for years to come5 take time to get back into my improv group and enjoy laughing to help destress

I'm the founder of a 501(C)3 tax exempt organization and was looking to offer DPA as a way to generate cash flow.

I don't place any money out there at risk for 90 days or longer with the managerial responsibility of the rehab and re-sell of the property unless I can clear at least $20k.

im not sure on the average time a home is on the market in the area but just within the last month ive seen a couple of them drop in price 15k and then sold immidiately. also there are definatley some that have been on the market for a while also. there are about 5 long term care facilities in the area also, 2 of which are relatively new. my sister works at one of these facilities and says theyre always full. being a senior community i cant help but think that there are quite a few for sale because of deaths or transfers to these facilities. im just having a hard time picking out which ones those are. also every summer there are lots of roofing and landscaping going on which seems that people in the are doing proper upkeep and updating of the homes. ive been to a number of estate sales in the area and almost all of them have been near perfect resell condition. some had a dated interior but not sure if that would affet a senior whos just looking to retire there

The addendum will have the proper wording that will give constructive notice of your intent to re-sell at a profit.

I'm trying to focus on the rehab and resell portion of the business to start off.