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So, I just heard back from a listing agent that my offer has been accepted by the seller for a Short Sale. This will be my first purchase and wanted to ask if there is anything I should be aware of?I know it a long t...
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I have been looking into short sales and I have one main question. What are the main reason people don't go after short sales if it means purchasing a home at a discount(sometimes at a deep discount) that these days a...
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Hi All,We are under contract to purchase a 2-unit home in Chittenden County. Our initial plan will be to rent the upstairs unit to longterm renters and to rent the bottom unit as an Airbnb. The upstairs tenants have...
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Guys,
I just bought a triplex in November. I bought for $393,500 did a 1031 and put down $96K. Put about $38K in rehab and now is worth about $475+-. I am in the process of getting them rented out. Should cash fl...
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There is a property in my local market that I have my eye on as a potential flip. The current owners are refusing to accept any offer below list as it will require the them to bring money to the table. The list price ...
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Hey Everyone,I hope you all are doing well. I am looking into Short Term Rental's as a way of getting started in REI. I am 21 from Edmonton, AB and have been doing some research on AIRDNA - A website that tracks stati...
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I'm currently in the process of purchasing my first VA short sale. It's my first short sale in general. I'm using the same realtor as the seller and they just asked if I'd be using a lawyer, or if I'd just be using t...
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I'm in the process of purchasing my first short sale. I'm buying cash. I'm using the same agent as the seller. I've never gone through the process of a cash buy. Once the offer is accepted by the bank, what's the g...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $326,000
Cash invested: $38,000
This is a 4 bed 2 bath single family home with a full mother-in-law kitchen ...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $166,000
Cash invested: $10,000
We purchased this house and renovated it to turn into a short-term rental that shou...