David Styles
Soooo confused about how to set up a closing
Okay, when working a short sale and the bank accepts, how do I go about scheduling a double closing with a title company?
Here is a make believe situation:
-Sellers sign contract and other info needed to get bank to...
Matthew Wright
1031 Exchange Timeframe
How long do you have to hold on to capital before you have to deploy it into the next deal?
Manish V
REO Final Sale Price / Accepted Offer Prices on MLS
Hi everyone,
I have been trying to track the local REO listings in my market to get a trending of what % of the List Price the banks are generally accepting. I know this depends on a LOT of different factors etc. But...
Ryan Canfield
How To Make This Work in Chicago
Hello BP,I am owner occupying a property that I financed with an FHA loan. My 1 year residency requirement expires April 2017.I recently found a property listed as a short sale that I would owner occupy. The problem...
Sean Davis
Can I make a deal out of this?
Hey everyone!
Here's my issue. I met a seller a couple weeks ago before I had much knowledge about the business. I was interested in wholesaling his house for a small profit or around $4,000. He owes 68k on it an...
Shellie Johnson
Removing a property from Tax Deed Auction to give time to close?
I have an executed agreement to purchase a property which the property is also up for tax deed auction in a few days. Within the purchase agreement the seller has agreed to pay the taxes to remove the property from sa...
Ivan Poon
Just got a short sale approved today, can i still get 8000 dollar tax credit?
Hi Guys,
As i understand it, you have until june 30th to complete the short sale to get the tax credit.
We put in an offer for a short sale (for personal use, not investment) back in march and it got approved only t...
Marcus Mccray
Negotiating Your Own Short Sale Deal
I have a pending deal set up and need info. I am knowledgeable in negotiating and closing short sales but in this case I am not sure about negotiating the deal as I am the buyer. The seller and I have already agreed t...
Michael Deng
How to unload a short sale deal in wholesale fashion?
I have a dilemma about a short sale deal I had. I made an offer for a short-sale house that is an attractive deal (The offer is about 35% below the current fair market value of the house) and the offer is being accept...
Michael Jones
Purchasing property with existing tenant
To preface this question, I am located in Chicago.
I am interested in putting an offer on a condominium (short sale) with an existing tenant. The tenant's lease expires in about a month, and I would like to c...