Thanks John...I think, I am going to offer 185,000.00 and I will mention in the offer that that house needs many significant updates, currently has no certificate of occupancy.Let see what happens..!!

Never mind that we'll need to legally modify several million loans, involving drawing up new documents, collecting signatures, updating systems, etc.Oh and we'll just ignore those stodgy old servicing contracts that our investors try to hold over our heads - I'm sure they'll understand, after all Sheila said it was OK!

In California it is regular practice for agents to have new agents in their offices hold their houses open.

The "typical" home I've seen is a 1800 sq/ft all brick home built in 1920 with recent updating work done (nice kitchen, hardwood floors, etc...) with a likely purchase price of $260k and a value of $380k.

Does that include collecting rents, screening tenants, marketing for new tenants, and making any types of repairs or regular maintenance?

That will update what is shown on all of your past posts.John Corey

I gave my partner some information about the property, and some of the things we had discussed (the utilities were not split, upstairs would need some updating when a tenant moved out, etc), so my partner ran the numbers and we can offer $25,000 for the property.

FYI: Be Careful as All Information from some sites are not current nor updated to reflect the most current and accurate info. 7.

For the record, I didn't imply that this type of assignment was a regular thing.I am sure that there are folks who have make a killing on a specific deal.

Update your profile with your location and other things that make sense in your situation.