Jason Dillon
Foreclosure vs Short sale
Foreclosure vs short sale.....pros and cons, ease of purchase, time to close, negotiating price, obtaining financing, etc etc..looking for as much feedback as possible.
Ash Patel
Planning before or after
In Feb of 2016, I would like to sell 1-3 commercial properties and 1031 them into 1 or more properties. With only 45 days to identify the next prospects, do most people already have these lined up prior to their 1031...
David Levine
Selling a condo in Los angles and want to purchase out of state
I have a rental condo in LA and planning on selling it. It should get 300K give or take. I have a note of 118K. After accounting for improvements and depreciation I have a cost basis of about 177K. I am looking to acq...
Account Closed
Reasons for Seller Concessions vs. Price Discount
Reasons to structure offer with seller credit for closing costs in Lieu of discount off list price
This is simply a Paper Credit. Its not as if the Seller is asked to bring a separate check to closing to ...
Angela Carter
Double closing disclosures?
I am in the process of selling an REO. My attorney says that NO disclosure is needed for the seller because this is not a short sale. It is none of the banks business what I intend to do with the property once it is s...
Herm M.
Making offers on short sales "subject to finding an end-buyer."
So I've read that we need to put a contingency in our offer to the short-sale lender. This contingency will say something along the lines of "this contract is valid if, and only if, the investor (buyer) is able to fin...
Jason Carter
Timing the purchase of a 1031 exchange
I'm selling a SFH and hope to 1031 into a commercial prop. I can get the tenant out of the SFH by end of May. So sale will hopefully be by end of June. Given that timing, when should we start making offers on commerci...
Jake Drappi
pros and cons of short sales - need advice!
Hello BP community!
Like many parts of the country, central and northern NJ are blazing hot markets. Houses are flying off the shelves at very high prices. I did come across a property that seems to be well below m...
Johnson Best
today's market to do 1031 exchange and only 45 days to find one
Hi Everyone,I have an investment house in Las Vegas I want to sale it, and I will incur almost 250k capital gain. Since it is an investment so I dont get the tax exemption on it.So is the only way to avoid paying hef...
Nicolas Pretelt
Extending Sheriff Sale, Auction, Broward County
Hi all,
I put a property under contract last night but it is suppose to go on sheriff sale This Thursday 06/27. How can I get the bank to hold/extend the sheriff sale, in order to do all the title work and closing?
...