Negotiated by uncovering homeowner needs and addressing them.How did you finance this deal?

Typically, a title company is used to:Search title history to uncover any claims or liens on the property, or a potential cloud on the title.Hold onto earnest money or other monies involved if a broker is not doing so.Provide title insurance to protect the new owner (you).Closing, final signatures and ensuring paperwork is in order.If you do not use a title company then you will need to take care of these items yourself, unless you are using a quitclaim deed or warranty deed, I would highly recommend it.

So nice to have options!

Once you start fixing things, you have a greater chance of uncovering more hidden repairs that have to get done. 

its so nice to talk on BP about something other than my tenant is a turd  or how do I buy this property with no money LOL.talk about appreciation.. when i lived in the napa valley prime Rutherford step cab land up and running was about 200k an acre then it went to 400k then up from there not sure today but I suspect its up there.. 

In not so nicer areas you can easily find 1.5-2%.

Our economic diversity, attraction of new residents (Hello, Californians) and favored-status with expanding companies are all contributing to a strong economy and an even stronger housing market.This is no fun for real estate investors trying to uncover bargains, but investors are buying properties here every day to build their buy and hold portfolios. 

I had a similar deal I uncovered last year where the owner had a first mortgage of 55K on a 70K house with a lot of back taxes and extensive repairs.

I wanted to make people aware of an issue I recently uncovered with the Facebook Group : Real Estate Investors | YellowBird Connect.

You should be doing your own underwriting and verifying your own estimates: call utilities for any owner paid utilities, full review of structural items, recalculating your own taxes and financing expenses.The only thing I can see a review of financials being useful for is to potentially uncover Capex items you need to budget for.