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1 review in English

  • Review from Randy D.

    • 107 friends
    • 421 reviews

    Abilene, TX

    5.0 star rating
    9/2/2010 3 photos 10 Check-ins Here

    There's a few down sides to being a Realtor. I found one about a week ago. I was at the office reviewing the MLS for and new listing or changes when I spotted it.  A "Deal", opened up my thin book of Investors, left messages then passed it along to the office. Time for lunch called the listing agent let them know I wanted to stop by the place and preview it. My curiosity was really getting to me.

    As my Broker and I arrived at the place we noticed a car parked outside and the door open. Inside we found a guy I know from the Home Builders Association. Looking around the foreclosure spotted clues as to why the price was what it was. Even with repair cost still could produce a return in a flip or rental for a few years ,  using a buy hold, hold sell strategy

    Day 2: Knowing the place is going to sell quickly evaluated my assets, I'm not very liquid. Met with ASB Bank for a loan....

    Day 3: Had a few question to ask the listing Agent, and was told it just sold. Most likely to a cash buyer. Yada yada yada... Back to the down side I have 799 credit score and was turned down for a loan. Was not a big surprise thro.

    ASb is a good bank and keeps loans in house a huge PLUS in todays market.

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