I am not sure if it is a desire, or desperation, but it is there, and it hunts me, it calls my name, it brings tears to my eyes.

How does a seller really lower their price that much without being absolutely desperate to sell, or without the property having some serious problems?

Are banks just that desperate (They can't be, even there they have to be worth a few hundred)?

Be sure you can afford to make them; don't operate on a shoestring or you'll make desperate decisions that cost more in the long run.Best of luck and keep reading BP!

I see a lot of remodelers so desperate for work they underbid a job or they spend the draws meant for the subs to feed their family because they don't have anything else going.

This type of desperate owner just wants to get out of a bad situation and probably wouldn't do a good job screening the tenant.

Underwriting assumes that you will sell the NOO or the vacation home before you would sell your primary residence in a time of desperation, thus the need for more "skin in the game"

In it's present condition, i can't see it selling past the 32k, that may be the high end actually.I'll wait them out, maybe i can come back in a week or so and get it at $3-5K if they get desperate and don't want to risk not getting anything.By the way, how would you distinguish if a comp was for buy and hold vs. regular sale, etc, just by the buyer being an LLC?

Remember, never be so desperate for money that you will take any deal, and end up further behind.

I am so desperate to get back into the game, I have bids in on 3 different teardowns, two of which I have know business getting involved in, and my offers will be refused some time early next week.