All Forum Posts by: Dan Vleck

Well that really sucks then. 

I'd like to tell you what I think about appraisals and that whole process, but I might be scorned by appraisers lurking around here.

Where did you get the 200k appraisal? Did you pay for it yourself? If so, the bank likely will not look at it, as it isn't  independent. You could maybe see about financing the difference for the buyer, but the buyer will more than likely feel it is overpriced and will walk if you won't lower price.

Good luck.

I think for a lot of people the starting point depends on how much money you have. If you have cash and good credit, then you can buy. Many people need to find a way to start without money. They are often limited to wholesaling or need to find a partner. Good luck.

I'd pay it and be thankful the furnace wasn't dead. 

You could suggest the tenant pay half and see what they say. My goal is always to keep tenant happy so they will not trash my house.

Curios if you live there why didn't you check it before handyman was called? My tenants are not authorized to call handyman. 

yes, it became income when you withdrew it from savings, I think.

What are you asking?  The questions don't make sense to me.

Are you asking if anyone has hired a skiptracer? Or are you asking if someone has been found? Are you looking for an owner?

What is the point of the question? Are you looking to get into this line of work?Or are you looking to hire someone.

@brianmaida If you read Millionaire Real Estate Investor,  you will see some nice tables that show long term returns. It also goes into return on equity. I liked all the profiles of real people success stories in the back of the book.

I try working with sellers agents.  I wouldn't even be in this negotiation if I hadn't contacted the sellers agent directly.  So, yes I've signed dual agent paperwork.  

All counter offers are not signed.  I'm just getting a link to a webpage that shows the offers and counter offers.  When I thought I was accepting an offer, I received a link to the page saying it was my offer.  The only thing I signed was the initial offer.  All else is just emails and links to websites.  I am growing sick of this.  I wondered if anyone knew of this investment group and had similar dealings with Basis Investments.

Way to go.  Reminds me of the quote: "Money is plentiful for those who understand the simple laws which govern its acquisition".  George S. Clason author The Richest Man in Babylon.  Read it for fun.

I'm going back and forth on a house with a seller, Basis Investments LLC out of Bryan TX, who bought the house as a package a few years ago and let the house sit vacant and accrue assessments from sewer/water and street upgrades. After I made an initial offer of $73,000 seller pays assessments, my agent/sellers agent called saying that the seller is countering my offer by increasing it by $3000 and that the seller would pay the assessments of $25000. I accepted thinking I had the house. Now I find that my accepted counter offer was submitted as an offer and that the seller is now countering saying they will pay $19000 of the assessments. In other words, the sellers counter offer is $6000 higher than what I thought I was accepting as their counter. The dual agent says that any offer or counter offer has to go through various people at the LLC and that is likely why I'm having trouble. Should I just back out on this as a buy/hold as the house isn't valued much over 100,000 anyways. I just don't know if they will play fair anyways.