Was some heater or other place improperly and left running overnight?  

To the point of rates not going lower, I literally just hit Bankrate at 3am CST on March 12th.NATIONAL OVERNIGHT AVERAGES TODAY +/- LAST WEEK 30 yr fixed mtg 6.07% 5.82% 15 yr fixed mtg 5.49% 5.17% 5/1 ARM 5.48% 4.93% 30 yr fixed jumbo mtg 7.05% 6.82% 5/1 jumbo ARM 6.01% 5.63% As you can see, every one of the rates was up from last week.

Thats my 401K, the insurance encase I ever go completely witless over night and can't ever flip again.I absolutely will get everything finalized by the sharks in suites, but I have found it best to have a very clear path to hand them, rather then ask them to find the path.

How to measure prepayment risk and default risk along with how to underwrite are skills that you do not get over night.

ARV is $225k.I overnighted a contract to her and she then told me she would take it to an attorney.

Real estate is not an overnight thing it can take years but you must stick with it.

If that definition of market value is met, you never buy under market value, the price you paid is the market value.Distressed sales may be from the motivation of the owner, the property condition, it may be under performing or there are issues of obsolescence, functional or external.Cure the matter that effects the property, mismanagement, condition, functionality or obsolescence.Going the route Chris mentioned can be done, it's not guaranteed as an over night method as it may take time to achieve a record that can be shown in the market and there will also be more emphasis on the management ability of the borrower.

I am in Richards camp on this one if you have no money and still want to pursue this line of work.. then be up front with your offers.. the only reason people use the BS white lies is because the reality is in hot markets or properties that are not worth anything you won't get many offers accepted if you can't close... why let you do it when that is what they hired the agent to do.Get your ducks in a row find a money partner, be strong in your offers put those who have no funds in their place when they try to compete against you... that's how you make money in RE.. not with smoke and mirrors if you do not get a ligit  money partner your probably will be out of the bizz in a very short time.Very first thing I would do if I was wholesaling is I would have a hand out... entitledBEWARE the PERSON trying to buy your property that has no money...

Hi MelissaThank you for your comments  i take it all to heart  and i certainly did not mean to sound hostile or frustrated  as i have been doing this for a very long time and am very happy you made 40thousand on your deal  my first one i made about 9 thousand but that was in 1975when a dollar was still a dollar  HA HA  i just closed one of my largest deals in Germany for 4.8 million Euros  love the business  would not do anything else .Just trying to advise people that real estate is still a long term investment and that getting rich overnight is not real.You have a great day and keep up the investing in real estate yes yes yes 

Do not expect your business to boom overnight because of it, but the price to lead ratio is more than worth it.