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that's true i think what noobdog was saying that they're investing their time selling houses for the potential 3% profit. where im taking the course just to learn more about real estate and get access to the MLS system so i can further my investments. hope that wa clearer

in equity, i went to see the house again and looked under at the foundation and there were cynder blocks holding it up and since it was gettin dark when i first took a look and theres no electricity in the house i didnt notice the bowing in the bathroom floor and major cracks in the walls from the foundation shifting or the earth shifting and messing up the pier beam foundation.

never heard of that ever happening. texas chain saw massacre?

noobdog what part of ny i lived in queens/ Near west point new york

because when you earn money you are working for your money. what i think noobdog was trying to say they are still in an employee mindset where he and myself (online RE Salesperson course) are taking the course to become a better investor and know the real estate game better. it's a different mindset it goes back to thinking like an employee or thinking like an investor.

okay, a little background on the situation. the guy is having IRS problems and has 4 properties on the marke. So if i offered 27 and him pay closing net at around 25 would that be a better offer? Im trying to get at least 10k. The place has no appliances wood floors need to be refurnished the carpet looks like its been there for 10 yrs and it needs paint and new siding and a new porch. it all looks about 10 yrs old. oh this is my first deal that sounds good to me by the way also my first home. i have approved line of credit through my bank (VA Loan through USAA)

I am looking at a home 3bd 2bth 1400 sq feet. new plumbing good electrics nothing major wrong with it just outdated. Comps are 60-70k. appraised value 39,148. Listed value 40k. exit strategy live in the house and sell it when i leave texas in 2yrs (military). He went with a realtor, he's a motivated seller willing to negotiate the price. i would like to offer 25k to see what he counters with. been on the market for about 2months now. it's in a neighborhood that just keeps getting better. what do you all think of this? im going in nothing down VA loan seller pays closing(if i can get that at negotiation). Im unsure about bidding for 25k but i would feel comfortable wtih 10k to fix things up a bit at first and then rest would come out of pocket as i live there. so im looking for him to counter wtih 30k. maybe offer 30 and he pays closing im unsure... i also had a chance to talk wtih the guy he has 4 properties on the market and i seemed to connect with him during conversation.

so lets say i put a deal together and then my first buyer backs out and backups are just not interested anymore?? because if its a double closing then you are closed with your half but still have the house? im gussing move in lol

alright thank you. gonna find a local wholesaler around here then. i found that most banks here dont have a specific office that handles REO's. only one does which is chase. lol has anyone else used freeforecosurelising.com?

so as a wholesaler you needed to create your own contracts with an attorney..?