Hey BP nation,
I was cruising through the MLS today and saw a property that I had looked at, evaluated but didn't buy because I didn't have the funds at the time, sell for half of the asking price. I could have died! If only the timing would have been better, if I'd only had the cash, etc., etc. Now that I have the funds, the market for my price range has dried up and I've made a few offers with no luck. Any of y'all ever experience this?
Yes, I hate it hehe. Its even worse when you look at a property you saw for sale 10 or 15 years ago and it has doubled in price. One recent one was where a property had 5 units, but was too high, and I didn't have the 20% to make for the bank to loan the 80%. I saw a guy bought it for 100% owner financing with a 5 year balloon. Finally just last week I heard someone bought a great rental I really wanted but could not get the owner to negotiate. Oh well.
Yes. It was a condo in Sacramento for 80k. Similar condos sale for 120k-150k. Hiss thinking about it makes me mad.
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