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 My mom is selling her house and has received an offer and she has signed the purchase agreement recently.?
She has agreed in the agreement to close no later than 8/1 and to close within a week when their bank say it is ready. But, she heard from her real estate agent that they want to close in the ...


 Viewed a new rental property today and the estate agent said?
if you rent an unfurnished property the council tax will be less than a furnished one. is this correct. or are they lying to try and get us to sign the contract?...


 Why should somebody buy a home?
...


 Do we legally have to pay rent while living with parents?
I am 21 and finish uni next month. I'm living with parents in a council house, parents are on housing benefit and dont pay rent. Legally, would i be required to pay rent after completing full ...


 Homes in Foreclosure!?
What are the requirements and steps taken in order to buy a foreclosed home? Has anyone done it and been sucessful? It's it worth it to try and buy a foreclosure as a young couple? Are there ...


 Is a cosigner frowned upon for a mortgage?
Last time I looked at my credit score it was in the mid-high 500's. Both my parents and inlaws have offered to cosign for a home loan and both have stellar credit.

A friend who used ...


 Do anyone know about guys overseas trying to use you to buy property in the us?
...


 What is the procedure for a landlord to evict someone from their apartment?
I am wondering if the laws differ in every state? Also, how long does one have to come up with the rent before an eviction notice is served? I don't have 2 nickels to rub together and the new ...


 Parents would like to sell me their house below market value with monthly payments no interest is this legal.?
I have 3 Siblings and have been living in the family home for 20 years. All of the upkeep have been provided by me my parents has agree to sell me the house for only $20,000. I have been searching ...


 How much do banks usually lend for mortgages?
Let's say I make 50K and want to buy a house. I'll put 50% down in cash, but how much do banks generally lend people, and is there a formula for calculating that amount?...


 I have tenants I have given a 10 day notice to pay or quit. Non payment for 3 months . What is my next step?
...


 Our lease is up what do we do with all our stuff!?
We are moving out of our current apartment and into our new one. however, our lease is up on the 25th and we cant get into our new one until the 1st. what is a good idea of things to do with our ...


 Re: Penal Code 602.5. I evicted a tenant from a 9-plex. Is it considered trespassing if she visits a friend?
If a tenant was evicted from a 9-plex, and she visits a friend who is still on the property, is she effectively trespassing? I own the property and I don't want her anywhere near it. But she ...


 Question for realestate agents.?
The realestate market in my city has hit an all time high. Because of this the cost of rental houses has also gone up. The market is now balancing off and slowly starting to go down again. My ...


 Is this an emergency maintenance issue?
I live in an apartment building and over the weekend my bathroom ceiling started to leak. It also looked like part of the ceiling was drooping. It would stop for awhile, then it seems like when the ...


 Tenant doesn't want to pay the rent, and she refuses to leave. How can I retake my property back.?
I have a second home that I use it as a renting one. My Tenant has been there for 7 months and everything is good til 2 months ago, when she said, she doesn't have money to pay me for this month ...


 I bought a house almost one year ago, What is equity?
Where to start or where to go to open an equity on my house?How does it work?
and for what is it good for?
Can I pay my credit cards with it?
What are the good and bad parts about it?<...


 Can you renovate while renting?
An apartment....


 Does this seem legal/moral?
My husband and I rented an apartment and had trouble with the upstairs neighbors. We called the landlord three times over the issue, and our last call about it ended with her telling my husband that ...


 What should i do? Need expert suggestions please?
I want to buy a new house, but I still have to sell my old house. I'm afraid that I won't be able to sell the old house soon enough and I would have to worry about paying monthly for both ...



scottyo
How easy is it to buy repossesions and sell them quickly to make decent money?
                     
 




david s
Rating
Not hard if you have 22 years experience- I recommend you try to find someone(a realtor ) who knows the market and is involved in selling and/or marketing repos. Selling them quickly may involve adjusting the price down but this is usually not a bad idea! There should be several agents who do this. Also try to find a mentor and most of them will be more than happy to help you along. If you let me know where you live I may be able to help. I am a Real Estate Broker and Have been involved mainly in investing for a good while. Knowledge is the main thing which will allow you to conquer FEAR and move forward combined w/action!! Best of Luck


Janet P
BUying is pretty easy. You are going to neeed cash money, they are literally sold on the court house steps. It happens really fast, so have someone help you the first few times. While you are figuring out what the heck is up it is over with.

THe selling quickly is harder.

I buy them, but keep them and rent them out.


camrenalexis2
Its virtually impossible to buy a home at a big discount from the courthouse simply because you basically need to pay cash for it, and there are so many other people doing it the spreads aren't as good.

If you can get a house prior to repo.. Get it under contract for cheap and sell the contract.. That is quick money but its much less.


bostonianinmo
Rating
Sometimes. Repos normally sell for market value. Their sometimes slightly lower price is usually because the've not been prepared for sale -- dirty, repairs needed, sometimes full of trash or abandoned personal belongings, etc.


humee
Rating
Low bid auctions are an alternative way of buying property cheaply.Typically you buy for less than 5% of market value, you don't have to 'do up' the property and when you sell at full market value you could make a substantial profit.


Jhem
If you have money, it is easy to buy. Selling it quickly, you will be needing a help. Try to visit 4thishouse.com they have a great program there. For a low Flat Fee, you can have an MLS listing without listing commission. Their number is 1-877-484-4746. It's great and cheap try it too.


pokerplayer528
It can be very good and easy. Go read the info on the following site. You have to do your homework


zarnticolz
Just be humble and don't be vulgar at cashing in in someones misfortune, OK?


shyteforbrains
what do you mean by easy and what do you mean by decent?


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