All Forum Posts by: Christie Gahan

I'm a little confused.  How big of a home do you want?  Comps for 2-3 bedroom houses and condos are in the low $300s but you are planning to be in the $450k to $500k range?   

You really want to build a team here.  You want a lawyer and accountant that can work together well.  I would ask for referrals.  Meet with the top names.  Ask the lawyers what accountants they like and vice versa. Ask the back office staff for their opinions also.  ( I would value their opinions the most.)  Both offices will need a lot of the same documents and info.  If one office is always slow it will hold up the other office from doing their work.  Ultimately, you will pay for it.

 Then what are they?  How are they defining "institutional investor"?  Semantics.

Most Americans have generational wealth transfer via sale or transfer of a single family residence. Blackrock and other hedge funds are dangerous to American families when they buy significant amounts of SFR. If hedge funds are buying SFR then families are not. When the hedgefund sells a property they get the profit, obviously. But, in this scenario they are preventing a family of regular Americans to purchase and profit. Millions of Americans have used the sale of the family home to pay for expenses in their old age. Who will pay these expenses if they can't use the proceeds from the sale of their home? Blackrock?

I will keep looking. It doesn't come up on a Google search. I can get to the official VA website but it doesn't list any foreclosures. The HUD site has a link to the VA, but I get the same page with no info on foreclosures. Thanks for the info.

Stand alone units ?  Attach those suckers to the wall before they fall on her and she sues!

I encourage you to meet up with some mortgage brokers and see what you can qualify for. With the plan you are describing ... you could buy a $400k home with a hard money lender. HML doesn't care about your personal income. But, to refi in to a trad mortgage for Buy and Hold .... that is all about your personal income. Only buy in a price range that you can easily qualify for a traditional loan.

Ramon, I hope you figure this out!  IMHO, when dealing with a legally binding contract you execute the contract.  She did choose to sign the contract.  

Are they waiving their fees ?  Now THAT is a great question!