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SVTPerformance's Chain of Restaurants
Road Side Pub
Buying a house
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<blockquote data-quote="RDJ" data-source="post: 7736645" data-attributes="member: 5905"><p>I bought a rental property on a short sale. Had an instant 20-30% equity once closing as over. frankly I would take a short sale over a foreclosure. Do not necessarily focus on foreclosures / resale homes. </p><p></p><p>I was looking for a house, didn't think I had very good credit (it was fine) and found a house where the builder was paying 10 points (essentially a 10% rebate). I am into my house for 350 dollars out of my pocket. long story but bottom line the day I closed I could have sold the house for less than I paid for it and still made money LOL!</p></blockquote><p></p>
[QUOTE="RDJ, post: 7736645, member: 5905"] I bought a rental property on a short sale. Had an instant 20-30% equity once closing as over. frankly I would take a short sale over a foreclosure. Do not necessarily focus on foreclosures / resale homes. I was looking for a house, didn't think I had very good credit (it was fine) and found a house where the builder was paying 10 points (essentially a 10% rebate). I am into my house for 350 dollars out of my pocket. long story but bottom line the day I closed I could have sold the house for less than I paid for it and still made money LOL! [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Buying a house
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