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Hi Guys,
Im a newbie and did some heavy advertising over the last few weeks and got some pretty decent leads. One in particular seems like it's got potential to work out. I was going to make an offer tomor...
It seems that there is more and more talk about how any future housing bubble will be prevented. Bankers and monetary officials are discussing using interest rates and other means to prevent this in the future.
I do...
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I have a property under contract and the agent has submitted an cost estimate, appraisal (which came exceptionally high) and comps to the bank. The bank came and stated they want 80% of the appraisal which is around 3...
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I attended an auction for a property I had analyzed and wanted to bid on. Bid had been previously unpublished, but when I got there, found out it was way too high...esp for the condition that it was in. No one bid. ...
How? I'm a newbie just learning but I have a situation where is
appraised for $140k & they are asking 66k. It's about 30yrs old & has
been vacant for well over a year, but the bank owns it. I would jus...
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While most investors talk about price and cap rate when buying, there is no figure more important to me than cash on cash. How much unencumbered cash can be distributed to investors and myself after all operations and...
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Big Win Yesterday! The Power of the Cash Out Refinance. In 2005 I became friends with a fellow real estate investor in Ypsilanti, MI, I had purchased 4 properties to date, and was watching this friend closely. It w...
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Had a short sale deal,used an agent and had an okay on the price with the seller.About 2 weeks later house went on Auction.com,bought it on the court house steps for about $ 4000.00 less.Go figure that one out.
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So I had an idea, I’m not sure if it’s even legal. I did make an honest attempt to look it up online and couldn’t find anything regarding information on it.
The objective behind the idea is becoming the bank. Capital...
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I'm considering the purchase of a foreclosed commercial property. The property continues to cash-flow under the management of a court-appointed operator. The bank's asking price is 65% of appraised value as they wan...