Comments on: Get out while the getting is good. http://www.whatiknowaboutforeclosure.com/get-out-while-the-getting-is-good Foreclosure advice and free resources for homeowners and investors. Tue, 06 Jan 2009 01:01:15 +0000 http://wordpress.org/?v=2.2 By: admin http://www.whatiknowaboutforeclosure.com/get-out-while-the-getting-is-good#comment-5 admin Mon, 06 Aug 2007 14:24:39 +0000 http://www.whatiknowaboutforeclosure.com/get-out-while-the-getting-is-good#comment-5 Hey Allen, First off, thanks for visiting my site! Secondly, I'm a little confused as to whether you're a homeowner in distress or an investor. These plans are aimed at creating ways for distressed homeowners to sell to investors without getting taken advantage of. However, if you're trying to "flip" a property, you have an expectation of profit, and profit is one thing that you must bascially set aside when you own distressed property because no one (the banks, other investors, etc.) wants to let YOU profit from THEIR taking on your hardship. I'll email you to get more specifics and see what I can do to help, but one thing I should make clear is that flipping houses is a risky business and unless you have the financial means to weather a good deal of hardship, it probably isn't for you. HGTV would have us all thinking that WE TOO could be real estate investors, but sadly, while we may be able to accomplish the remodelling ourselves, there is more to being an investor than simply rehabbing houses. Hey Allen,

First off, thanks for visiting my site!

Secondly, I’m a little confused as to whether you’re a homeowner in distress or an investor. These plans are aimed at creating ways for distressed homeowners to sell to investors without getting taken advantage of. However, if you’re trying to “flip” a property, you have an expectation of profit, and profit is one thing that you must bascially set aside when you own distressed property because no one (the banks, other investors, etc.) wants to let YOU profit from THEIR taking on your hardship.

I’ll email you to get more specifics and see what I can do to help, but one thing I should make clear is that flipping houses is a risky business and unless you have the financial means to weather a good deal of hardship, it probably isn’t for you. HGTV would have us all thinking that WE TOO could be real estate investors, but sadly, while we may be able to accomplish the remodelling ourselves, there is more to being an investor than simply rehabbing houses.

]]> By: Allen Hodges http://www.whatiknowaboutforeclosure.com/get-out-while-the-getting-is-good#comment-4 Allen Hodges Sun, 05 Aug 2007 17:40:17 +0000 http://www.whatiknowaboutforeclosure.com/get-out-while-the-getting-is-good#comment-4 I am poor & trying to flip my first property. PLEASE ELABORATE ON WHAT YOU SAID: On the investor side of this, if you actually have some equity built up in your house, you should have no problem finding help. There are good, but somewhat convoluted plans that can help you 1) maintain your residence while you find another 2) market your house for as long as is necessary to attain a fmv (fair market value) offer, and 3) still give an investor some wiggle-room to make a small profit from helping you. If you’d like to know how to create this kind of arrangement, email me. I’ll be glad to explain the finer points. THANK YOU! I am poor & trying to flip my first property. PLEASE ELABORATE ON WHAT YOU SAID:
On the investor side of this, if you actually have some equity built up in your house, you should have no problem finding help. There are good, but somewhat convoluted plans that can help you 1) maintain your residence while you find another 2) market your house for as long as is necessary to attain a fmv (fair market value) offer, and 3) still give an investor some wiggle-room to make a small profit from helping you.
If you’d like to know how to create this kind of arrangement, email me. I’ll be glad to explain the finer points. THANK YOU!

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