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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Keep lookin'.. Posted by mel on April 22, 2003 at 8:29 PM In Reply to: Keep lookin'.. posted by Ward-CA- on April 22, 2003 at 8:17 PM : : Hi Ward & Everyone : : I was going to try to subto this but another investor (don't know how savvy) suggested I try to short sale it. I am still studying the 2 niches---would be willing to learn on this or maybe flip it to someone. : : guy owes 255k on nice house in Clovis, Ca (Fresno area) : : AT 10.5 INTEREST!!! : : also owes 12k back pmts & 7k cr card lien on house : : so now we're up to 275k>>> : : Comps which are all smaller are at 270k in Jan '03 : : I haven't seen the house : : The guy isn't going to make any more pmts---willing to just walk away. : : Please let me know what you think. : : Much appreciation, : : Mel : : : He's willing to just walk away with some pocket change. : =================== : Mel, : This deal sucks without a lot of ingenuity and hard, hard work by someone who knows how to make a silk purse out of a sow’s ear. I much prefer getting something that has a decent profit in it from the get go. Keep looking. Ward, Thanks! Love that straightforward answer! Best, Mel Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Hi Ward & Everyone : : : I was going to try to subto this but another investor (don't know how savvy) suggested I try to short sale it. I am still studying the 2 niches---would be willing to learn on this or maybe flip it to someone. : : : guy owes 255k on nice house in Clovis, Ca (Fresno area) : : : AT 10.5 INTEREST!!! : : : also owes 12k back pmts & 7k cr card lien on house : : : so now we're up to 275k>>> : : : Comps which are all smaller are at 270k in Jan '03 : : : I haven't seen the house : : : The guy isn't going to make any more pmts---willing to just walk away. : : : Please let me know what you think. : : : Much appreciation, : : : Mel : : : : He's willing to just walk away with some pocket change. : : =================== : : Mel, : : This deal sucks without a lot of ingenuity and hard, hard work by someone who knows how to make a silk purse out of a sow’s ear. I much prefer getting something that has a decent profit in it from the get go. Keep looking. : Ward, : Thanks! Love that straightforward answer! : Best, : Mel Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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