All Forum Posts by: Account Closed

I think they have gotten rid of that filter. 

In the DFW Metroplex, it is way behind. I have seen listings not be updated six weeks after the MLS were updated.

Many Realtors consider that kind of website to be a competitor to their monopoly on the MLS. They absolutely do not want it updated as often as the MLS.

If you want it to be updated more often, do the following... any page that has a listing is required to give a notice that the property may not be available.  Many websites, not just realtor.com do not always have that notice.  Every time you find something without that notice that has not been updated in more than a week or so report it to the state real estate commission and Federal Trade Commission.

With enough complaints they will deal with the Realtor Associations.

When you complain make sure you tell them, it makes people spend money by driving to the property and also doing other research.

Don't forget this kind of appreciation play is fairly risky if you do not have the money to withstand lower rents and the inability to find a buyer during market corrections.

Ok... let me get this straight.

1) The HOA was foreclosing because of an HOA assessment.

2) You "won" at the auction from the HOA.

3) The HOA did not have first lien position.

4)  The first lien was a reverse mortgage.

5)  You believe the bank foreclosed on the property?

6)  You are renting out a property that belongs to the bank because they foreclosed on it?

To me it sounds like you forced the bank to call the loan do.  You evicted the only person that could continue you the loan because it was a reverse mortgage.

I just noticed you are from Texas.  I can tell you in Texas Donny is correct.  If you are an agent and you tell someone their house is worth $100,000 and you buy it and immediately flip for $150,000 you should expect them to take you to court and get the other $50,000 from you.

It can also required you to give out "Information About Brokerage Services" to many people you talk to about real estate.  Many brokers actually require that they keep the signed copies of those forms.

Generally speaking... 1031 exchanges are meant to keep you from paying capital gains taxes (15%) not ordinary income.  Many house flippers are considered "dealers" by the IRS because they do not hold their properties a year or more.  That means their profits can be considered ordinary income and taxed as high as 39.6%.

There is a reason they are vacant.  What is the reason.  If they could simply be filled in one day, they would be full and have a higher value and the current owner could collect the thousands of dollars in income until they were sold.

Yes, it is done everyday.

The website does spell it out.  Go to the listing.  Look for a document called

"Real Estate Purchase Addendum CWCOT"  It is mentioned in paragraph 13.

For a beginner, I would suggest London if those are the only two options.  Dubai would tend to be more unstable and perhaps more risky.  This is because of several reasons.  Dubai is subject to more geopolitical instability.  The economy is far more dependent on a strong price of oil.  Far more residential properties in Dubai are second, third, or even four homes than in London.