Investment Info:
Single-family residence fix & flip investment.
Purchase price: $173,500
Cash invested: $173,500
Sale price: $215,000
I bought this new construction home from a builder that w...
As a buyer, do I need to wait until the inspection period is over to close?It’s an all cash sale. I have a 30-day inspection period (which ends January 30) with the ability to close ON OR BEFORE February 22.Could I cl...
Hi BP Family, I am in the middle of closing a deal. The seller chose the closing attorney originally. Now, he wants to change from the original one to a new one. The reason was given as follows:" when the seller bough...
Are assignments of contracts allowed for short sales?
If a HELOC is used for a down payment on a replacement investment property, can it be paid back (within the 180 days) once the old property has been "relinquished"?If this doesn't make sense I can try to clarify, we a...
Long story short. I was in the process of buying a short sale. The agent was being greedy and never showed the seller my offer to buy at asking price because he was looking for his own buyer. Seller found out and fire...
Hi guys!
I'm a little new to the game, and just trying to figure out the ins and outs of the process before fully committing myself.
I just wanna know exactly how one goes about getting paid for a short sale. I've...
The house was listed @ $100k, and I offered $140k. The bank counted to $150k, so I increased my offer to $150k and my cash offer was accepted in June. Contract was signed, both earnest money and fund proof were acce...
Hello everyone!
I was in need of some help right before I get out there and make it happen.
I wanted to know the complete set of contracts I will need between the following;
1. Contracts between S...
Hi there,
I have a property that is rented out (because I wasn't able to sell before) and am looking to start the short sale process. I was wondering if any one had any advice regarding my situation.
The main questi...