It wasn't a foreclosure but could have passed for one - vacant for years, no heating system, everything banged up.Within 2 hours of it being listed I had viewed the property, consulted with city code enforcement, offered, counter-offered and got it under contract for $50k cash, as-is, no inspections.

I said ok, send me your counter offer.My question(s) is:How should I have structured my offer to AVOID a counter offer and how should I respond to the seller's counter offer if it cuts into myprojected profit?

So, I'm working a short sale and just received counter offers from both the banks (1st and 2nd) so I have a max amount I will be paying for the property and now the owner tells me his dad wants to buy it from me all cash.

At least not in Vegas, it could sit for 8 to 12 months, you submit an offer, you get a multiple counter offer to submit best and highest which is a tactic to have you bid against yourself.

Get as much info about the property from the owner as you can and match the info to what you were able to dig up.Before you make a counter offer or any type of offer.

She called me back to tell me the house already had counter offers higher than listing price.

What would you counter offer after finding the NOI is not what they presented and it also needs the electric box to be replace (~4k) and insulating the attic (~8K). 

What would you counter offer after finding the NOI is not what they presented and it also needs the electric box to be replace (~4k) and insulating the attic (~8K).

Sometime soon you will get the odd counter-offer, and the real game can begin.

I didn't budge on my offer, then got a direct counteroffer from FM.