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Foreclosures
HomeForumsForeclosuresNEED SHORT SALE HELP!!!!
Tyrell Townsend's profile image
Tyrell Townsend's profile image
Tyrell Townsend
  • from Chicago, Illinois
  • Member since Oct 11, 2014
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Tyrell Townsend's profile image
Tyrell Townsend's profile image
Tyrell Townsend
  • from Chicago, Illinois
  • Member since Oct 11, 2014
Connect
Tyrell Townsend
  • Chicago, IL
5
Votes |
28
Posts
Foreclosures

NEED SHORT SALE HELP!!!!

Tyrell Townsend
  • Chicago, IL
Posted Aug 9 2017, 09:29

Hi 

My fellow biggerpockets memebers I have a question on the legalities of resaling of a short sale deal. So I'm in the process of purchasing a triplex with each unit having 3bd 2bth for 75,000. It's in "ok" condition but is in liveable conditio but I plan on rehabbing the property at resale price the comps are 300,000 in that area should I keep as a rental or resale ?? The units are renting for 800 now but after rehab they will rent for about 1300 dollars a month And also I'm using an FHA loan with 10% down. Any advice is appreciated :)

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