All Forum Posts by: Dena Price

Would you be interested in the Paso Robles/San Luis Obispo area in CA?

@Ben

Hello Ben,

Yes, I get it and I do not need hand holding, but a simple "recheck your figures and how you arrived at them' would have been more professional.  

I really just want this to go away, it was not that big of deal.  I did not judge him, just pointed out it was not a courteous reply.

No big deal.

Everyone has their own style of teaching and being... Live and let live.  I am now a bit timid to ask any questions and I have many.  Especially with the analyzer tool.  But I will figure it out I always do and I do not give up.

I appreciate your explanation and response and hope he does as well.

Take Care,

Dena

@ Liz....

Thank you and I could not agree more.  I was going to say nothing, like I said, but sometimes you just gotta put it back out there and this was one of those moments.  I have not wasted anytime on the rudeness, but I also am sicilian and speak my mind!  lol!

I have also grown some tough skin thru the events of REI for sure! It is a tough industry and I have dealt with some great people and some jerks too... I am sure we can all attest to that! He might just be having a bad day too!

I will send him positive thoughts!  lol!  

I wish you lots of success and blessing Liz!  Sounds like you got a great start.  What is the old saying we grew up with:  You have to kiss alot of toads to find your prince; likewise pluck alot of weeds to find that rich soil and great harvest!  

You are sweet to be so supportive!  This is actually the first time anyone has been ungracious in their comments.  

Take care!

Blessings,

Dena

I was going to leave this alone... but I feel it needs to be said...

I figured it out after I posted but could not delete the post. I am new to this site and saw the mistake I made. So sorry some of us may not be finance guru's but that is why we are here learning. I knew immediately what I did wrong.. Just a long day and alot of brain work today caused me to be a little rummy.... You embarrassed me and I just wanted you to know I believe in a public forum people should have some semblance of class and graciousness... but I guess we differ on that 

How sweet of you!  Thanks for your advice.

Hello... I am just beginning to play with this for the first time.

It is looking like the analyzer is calculating only 80% of whatever loan I put in to give me my monthly amount and total deal numbers, etc...

Does anyone know if this is correct?

Tried to do a screen shot but can't paste it in here.

I have loan set at 100K @ flat 10% interest only and the monthly mortgage amount comes out to be 833.33.  

I am assuming I need to put my loan amount in for an extra 17-20% above what the real amount is to compensate?  Or is there a way to change the default of this?

I am only a Plus member, but about to become Pro.  Will doing so give me features I cannot see currently to allow for this kind of play within changing things for each deal as necessary?

Any help or advice would be MOST APPRECIATED!  :-)

Thank you!

Dena Price

Actually the letter states:

2.The Buyer agrees that the property will not be sold within 30 days of the closing and will not be sold within 31 to 90 days of the closing for a gross sales price greater than 120% of the gross sales price of this transaction.

@ Wayne...

Thanks for the response.   Yes, unfortunately it is in the letter!  I do not understand how quit claiming the others off during escrow as partners would qualify as a title Transfer.

However, thanks for bringing that up.  Who would I check with to ensure this can be done not in violation of any laws?  Any suggestions?

Thanks again,

Dena

p.s.   the other two parties would be quit claiming off and we would have a legal agreement with all parties as to how the money is divided and paid, etc... in Escrow.... already working on the draft.

:-)

Hi everyone,

I am rather new and this is my first short sale.  I am n WA.

I have an approved short sale property in escrow. It has 3 partners, each on PSA under their own LLC. We have an interested party who wants to take it off our hands (which would cut out one party who was the finance on this deal - he is ok with it) and we are aware that under normal circumstances a short sale property cannot be re-sold for 91 days - or should we say the title cannot be transferred to be exact.

For reasons I won't bore you with, this could be a good option for us to still make some money on a property that even with our wholesale fee leaves an end buyer with a nice profit!  

That said, I came up with the idea (and have done most all the research with the State of WA, CPA and an Attorney - who is getting me securities answer Friday) that since I have no properties in my new LLC currently, and it is the one on contract (with the other 2) I could sell/transfer my LLC to the end buyer (not too hard to do this so it seems with the state dept's involved) and then we could get paid and he can take possession immediately with his funds being able to do just a single escrow/close. This saves the double escrow costs and the waiting period and stickiness of doing a rental agreement with new end buyer so he can begin work during the waiting period.

I would really appreciate any feedback from those who may have already done this already and if they had any illegal or immoral hoops to jump thru?  I want my integrity in tact and my legal duty in tact as well.  I only want to do this if it is above board in all areas.

I would also appreciate greatly any feedback from those that have had to work with the 91 day period and giving possession to new end buyer so they can begin their work on it.

I hope I have made this scenario clear enough so as not to confuse everyone! :-)

Please email me with any feedback or questions/clarifications needed for that feedback!

Thank you so much BP buddies!

Dena Price