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Eman
2013 Jul 30, 2:50pm
Eman
2013 Jul 30, 2:50pm
Do a seller financing to someone with damaged credit, but have the financial strength such as someone who short sold their house, who has a foreclosure on their credit report or a bankruptcy. Otherwise, flip it for profit. Problem solved.
http://tbo.com/news/business/homeowner-groups-wary-of-rental-boom-20130728?source=Patrick.net
"A giant investment firm called the Blackstone Group bought a home in the gated community in December, according to Pasco County records, and put it up for rent. The Riviera Homeowners Association quickly notified it that community rules prohibit homeowners from renting out their homes until they have lived in them for two years, Riviera HOA President Joel Hershkowitz said. The home now appears vacant.
"They did not do their due diligence and did not realize it was against the deed restrictions, so they took it off the market," Hershkowitz said."