All Forum Posts by: Larry Flanagan

David Krulac,

If you have been investing for so long, you should have plenty of data to review - purchase price, income, expenses, sale price...calculate your return; is it better than inflation? Let us know what you learn...

They feel good until they talk to their neighbor who says "Well I woulda gave ya $10,000 more than that..."

The only thing I'm doing wrong is negotiating a great price. They get or think they can get better offers.

Yes the most recent one the seller solicited and received a higher offer after discussing the situation with family.

I wont argue its the easiest thing to do, but it costs me my time & hassle & $15k - $25k in lost profit...

This has happened to me three times in the past year. Seller decides the contract price is too low and starts behaving badly. Any input?

My account will be small, so low transaction and annual fees are important.

Thank you.

Hi Steven,

Can you please include some figures in your explanation...

A contract buyer of mine passed away a few weeks ago owing about $50,000 on his land contract. If i foreclosed and resold the property for cash today I would maybe net $5,000 to $10,000 in its current condition. I paid about $12,000 for the property around 5 years ago. I have considered signing over my interest in it to him/his estate/his family so as to not have to fuss with foreclosure. Would I get a tax write off for the $50,000 outstanding? Any other ideas?