All Forum Posts by: Mark Bookhagen

I'd negotiate a lower price with no commission. Then you don't have to pay income tax or break off a (large) piece for your broker. The seller should ONLY care about his net, not where the money is going.

Does your broker pay for your yard signs?

@Charles Thomas Good luck! 

I used https://www.realestateexpress.com/real-estate-license/georgia/, but for NY. Your first step is to the course.

Okay, so he is entitled to the $100k in equity. The fact that she doesn't "want him to get a dime" doesn't matter. She is entitled to add certain fees, etc to the foreclosure judgement and she would get paid first if she is in first position. The owner's lawyer is correct about the auction. Your friend's mom would be made whole through the auction. Only other way out of it is if the lender and owner agree to a buyout. But if there is 100k in equity, he'd be foolish to agree. Best bet is to get him to sell it at market price.

It seems like you're saying two different things. Who is the actual owner on the deed?

 I'd say, if you were going to do that part of things, maybe you should flip locally (or semi-locally).

What are you looking to do when you fly out there?

Your friends thought about the owner not making any money on it.... that's called "stealing." Any "creative" solutions are fraud.

Both are important, but it depends on your goals... Going to use the cash for retirement/cover living expenses? Cashflow

Want to maximize your returns (doing multiple deals) - CoC