All Forum Posts by: Jill Curran

Thank you Tom! That's my plan. I'm trying not to make the beginner mistake of getting attached to this house. Y'all have been invaluable. Thank you.

Ah. Thank you, Wayne. That helps me a lot. I appreciate your help!

Thank you Sam. It actually is worth that price, even a little more, as it's in good shape and in a good rental location. I'm thinking come in at $115 and was wondering if there's some bank thinking about offer amounts relative to foreclosure amount that I don't know about.

I'm a newbie looking at my first single family, and I have this question. Looking at a foreclosure for sale by the bank (listed with an agent) I can see this on Zillow: "The lender, US BANK TRUST, assumed this property for $114,667 during foreclosure proceedings and now owns it." Should I take this amount into account when coming up with my offer amount? It's been on the market for $147,500 for over four months. Is there a bank formula for a price that they'll accept, or is that wishful thinking? Thank you all for your help!

Thank you Kyle and Keith. This is a big help. This duplex doesn't need much work, so it doesn't apply, but I'm excited about the area it's in getting some possible infusions. Thank you all!

Newbie here. I'm looking at a duplex as my first investment property, and after hearing about Opportunity Zones, I see that it's in one. I'm trying to understand what this means when it comes time to sell. OZ's look kind of 1031's but without the need to buy another property. Maybe that's way off in a way I'm not seeing, since I'm new to REI. Also, I heard you have to put into the property as much as the sale price, but I can't find that anywhere to verify. Anyone know the scoop on OZ properties?

Thank you all for your help educating me!