You can spot the war zones pretty easily, just search using the mapping feature for concentrations of houses for sale under 10-15k (in midwest areas such as we're in).

So there are numerous circumstances giving rise to motivated sellers.

I’ll be happy to supply numerous examples, as I receive these email distributions constantly from commercial guys.I return to the fact that it’s noteworthy that a large percentage (a majority at the other large Memphis company, per their site) of sales at large companies are completed using private lenders at interest rates you've indicated previously are in the 8.5-9.5% range.

I've put in numerous bids but can't get a counter.Are you guys upping the EM or removing the option period?

I would just rather close deals.Now if someone was trying to screw me out of big commission there would be a war and I would win.I would simply tell the seller you can pay me now or after hours and hours of frustration and attorneys fees you will never get back.

Now I have to explain this all over again numerous times to these people who have no idea how the process work.

Area is suspect, not war zone but always historically low vacancy and low quality tenants.

There are numerous strategies to obtain deals.

With rent of $1100 its not a particularly good deal as far as being a rental.If $97K is a screaming deal, the bank may be pricing it low to start a bidding war.

There aren't many areas in a city with a heavy concentration of 2/1 or 2/2 houses, those were mostly built pre-world war 2.