Jennifer Hulse
Need quick advice. Question about short sale
My husband and I are just divorced. We were selling a beach house with closed at the end of the month. It's way under water. But we need to separate everything. My ex-husband doesn't want to approach the beach house b...
Jack B.
Aaccept new tenant while house is selling?
So I had a buyer and his financing allegedly fell through. Left me holding two vacant units I gave that I gave notice to and moved on before deal fell apart, now thanks to novice buyer I'm left holding the bag.I have ...
Account Closed
Rehab Holding Period
For the experienced rehabbers out there, what has been your average holding time for the properties you rehab (purchase to closing). How long after a property sits on the market without any offers do you start thinkin...
Travis Washington
Flip-Rental Hybrid
Wanted to share my first flip deal. My wife and I were able to find a short sale property listed at $17K. The house was in great shape, no major rehab needed at all, renters in place, only 19 years old (built in 199...
Alex T.
First Fix n Flip in Houston
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $86,000
Cash invested: $15,000
Sale price: $161,500
First fix n flip in Houston with a hard money loan. Learned...
Shanequa J.
Seller raised price 2 months after contract
2 months ago the bank accepted an offer for a short sale. Repairs were made and new appraisal was ordered. It came back higher. Now the bank wants more money because they said since the previous owner had a VA loan VA...
Yocheved Beer
having the deposit go directly to seller before closing
Hi all,I was under contract for a house, and all was well untill the sellers lawyer said that the security deposit must be given to the seller and not held in an escrow account. My lawyer told me this is insane becaus...
Jeffrey Hayes
Help!! Trying to decide whether or not I should walk from SS deal
Hi, I'm a real estate broker from Tucson, Az and I'm just about to close on my first flip deal which happens to be a short sale. I made my offer on this 3 bed 2 bath townhome in Tucson, Az back in August and it's on...
Sam Leon
Listing broker mandates an addendum
I have a short sale offer where the listing broker is insisting on the me the buyer to sign an addendum before he would present my offer to the buyer.
Usually I have seen seller's attorney dictating some verb...
Travis Kumar
Foreclosure + Short Sale, Opportunity or Risk?
I have a property under contract, that my GF and I are planning to house hack then rent out entirely after a year or 2. While under contract, the property appeared on a foreclosure site I follow. The date of the forec...