Forum Replies Created
-
AuthorPosts
-
waterboy
ParticipantFinance the $417k now, as an offer that will have over 65% down is very strong.
ParticipantFinance the $417k now, as an offer that will have over 65% down is very strong.
ParticipantFinance the $417k now, as an offer that will have over 65% down is very strong.
ParticipantFinance the $417k now, as an offer that will have over 65% down is very strong.
ParticipantIt could be 5-10 years before that place has any equity after any sale/transaction fees. If you can barely come up with the current overall payment and if it takes a miracle plan by the government to give out another 5yr low rate plan to all the troubled arm holders, then the decision shouldn’t be that tough.
If you got in over your head, then you got in over your head and their is not much you can do except learn from it. Talk to a CPA about tax implications, check to make sure it is non recourse, feel bad for a moment, then seriously consider walking away now. From what I hear it takes at least 3-6 months after stopping payments to get people out of their homes, so plan accordingly.
ParticipantIt could be 5-10 years before that place has any equity after any sale/transaction fees. If you can barely come up with the current overall payment and if it takes a miracle plan by the government to give out another 5yr low rate plan to all the troubled arm holders, then the decision shouldn’t be that tough.
If you got in over your head, then you got in over your head and their is not much you can do except learn from it. Talk to a CPA about tax implications, check to make sure it is non recourse, feel bad for a moment, then seriously consider walking away now. From what I hear it takes at least 3-6 months after stopping payments to get people out of their homes, so plan accordingly.
ParticipantIt could be 5-10 years before that place has any equity after any sale/transaction fees. If you can barely come up with the current overall payment and if it takes a miracle plan by the government to give out another 5yr low rate plan to all the troubled arm holders, then the decision shouldn’t be that tough.
If you got in over your head, then you got in over your head and their is not much you can do except learn from it. Talk to a CPA about tax implications, check to make sure it is non recourse, feel bad for a moment, then seriously consider walking away now. From what I hear it takes at least 3-6 months after stopping payments to get people out of their homes, so plan accordingly.
ParticipantIt could be 5-10 years before that place has any equity after any sale/transaction fees. If you can barely come up with the current overall payment and if it takes a miracle plan by the government to give out another 5yr low rate plan to all the troubled arm holders, then the decision shouldn’t be that tough.
If you got in over your head, then you got in over your head and their is not much you can do except learn from it. Talk to a CPA about tax implications, check to make sure it is non recourse, feel bad for a moment, then seriously consider walking away now. From what I hear it takes at least 3-6 months after stopping payments to get people out of their homes, so plan accordingly.
ParticipantIt could be 5-10 years before that place has any equity after any sale/transaction fees. If you can barely come up with the current overall payment and if it takes a miracle plan by the government to give out another 5yr low rate plan to all the troubled arm holders, then the decision shouldn’t be that tough.
If you got in over your head, then you got in over your head and their is not much you can do except learn from it. Talk to a CPA about tax implications, check to make sure it is non recourse, feel bad for a moment, then seriously consider walking away now. From what I hear it takes at least 3-6 months after stopping payments to get people out of their homes, so plan accordingly.
ParticipantNothing wrong with flipping in this market if the #s make sense as experienced flippers work in both up/down markets.
The issue here is that flipper is expecting way more than they will get. Should have listed at $449k in hope that maybe it would bid up, and unload quickly. Still would be a good profit at that price.
ParticipantNothing wrong with flipping in this market if the #s make sense as experienced flippers work in both up/down markets.
The issue here is that flipper is expecting way more than they will get. Should have listed at $449k in hope that maybe it would bid up, and unload quickly. Still would be a good profit at that price.
ParticipantNothing wrong with flipping in this market if the #s make sense as experienced flippers work in both up/down markets.
The issue here is that flipper is expecting way more than they will get. Should have listed at $449k in hope that maybe it would bid up, and unload quickly. Still would be a good profit at that price.
ParticipantNothing wrong with flipping in this market if the #s make sense as experienced flippers work in both up/down markets.
The issue here is that flipper is expecting way more than they will get. Should have listed at $449k in hope that maybe it would bid up, and unload quickly. Still would be a good profit at that price.
ParticipantNothing wrong with flipping in this market if the #s make sense as experienced flippers work in both up/down markets.
The issue here is that flipper is expecting way more than they will get. Should have listed at $449k in hope that maybe it would bid up, and unload quickly. Still would be a good profit at that price.
-
AuthorPosts
