We are bidding 10K below sales price (it has been on the market for many months).Our agent had several suggestions to get the repair $, including:get 20k commission to realtor and he 1099's it to uspd to mtg broker as discount pt and broker gets it to usfind a lender who will loan based on post-repair valuedo fix&flip loan, refi when repairs are finishedThis will be our first rental purchase, so we are at a loss as to which is the best option.

So if your strategy is to refi, you calculate how much you can take out without a negative effect.Your strategy will be to build capital either thru rental income which can take years or to get cash from a refi.

My advice: cut your losses and run unless you can straighten up the problem and go on.

If you can recognize and capitalize on the hidden opportunities in title issues then you will have one more competitive advantage.

Selling helps rais the much needed capital for me too.

Call these people at the SEC, they definitely want to talk to you. All communications will be confidential:

Tom Melton, Sr. Trial Counsel, Salt Lake City SEC:
801 524 6748

Karen Martinez, Trial Counsel, Salt Lake Ci...

The $5K is capital gains, either long or short.

That's a DEAD LOSS.

I would also be at a shortage of capital at the moment :lol:The area we live at (DC Metro), residential real estate just exploded in the past 6 years.

I've been reading posts from people who are looking to do business with others, yet their use of the basic tenets of punctuation and capitalization are non-existent.