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What type of escape clauses would you put in your contract with the seller?
What happens if your buyer(s) dry up and you don't really want to buy the property yourself?

Thanks -BG

Thanks for all the great responses. Yes, Ryan, you are right. It is a tremendous risk. Let me pose this question then. If I KNOW that a house is empty, and I KNOW the seller is an investor, and I KNOW they want to get rid of it.....how can I profit from this condition, with the least amount of risk? (or moderate risk)

Thanks again....BG

Hi. Brand new here. In my area (Baltimore) I see a ton of homes purchased, fixed up, and put on the market for fair value.
However, these homes are on the market for 4+ months, and the seller
is "Motivated", "must sell", "any reasonable offer".

I can see by the tax records that these homes were purchased late last year and '07. They added a new AC, kitchen, bath, etc, and now the homes are sitting empty with the investor itching.

My question is, I have financial backing, and cash, and would like to know
the possibility of the investor just wanting to get out of the property? They bought it for around $160K, put some money into it ($20K) and now are asking $269K and no bites for months. What are the chances they might be willing to take $190K-$200K cash/quick closing, then I turn around and maybe auction it off for $245 or so? Why wouldn't they just auction it off?

Thanks BG