As for the $5000 that was going more for the location itself, airfare excluded as I have an arrangement with a gentleman for free airfare within the USA.

Please let me know if I am missing anything obvious or any recommendations to define the list.Pre-foreclosure list-2022Geography: City: BloomfieldMortgage: combined mortgage LTV- 0-60%Property: SFROptions: Absentee owner/owner-occupiedOptions: Exclude corporate ownedOptions: both mailing and propertyMy goal is to reach to motivated sellers with some equity within the property.

You should inquire about yours and the tenant should check theirs.Things you should be looking for are damage from pipes bursting (vs. water damage from slow leak which is excluded).

Some investors will have their BPO agents exclude any short sale/REO comp.s, which will raise the end price.

He said it would ensure the work can be done and I can be protected.Expense Numbers:$184,000 Purchase price, comps for only a 4 BR SFH excluding carriage house and garage are $245,000$140,000 Repairs/improvements, including addition of a 2nd floor to the carriage house.

I am still doing a lot of research on that area's market.What are the best free websites to use (excluding CL) to search for investment properties or homes in general?

Then they would have to investigate each and every one to see if it was excluded by law or precedent.

@Eric Black Thanks, I'll send you a PM.After reading your guys' comments and thinking about, I'm going to pass on this one and most likely just exclude this (and a couple of similar) neighborhoods from my search.

With 35k to put down lets just exclude closing costs non-ooc are going to be 25% down you can buy $140,000k 4-plex.

Marie is right, escrow instructions is the only requirement for closing, I have done the same on two occasions with just escrow instructions and no purchase contract.Same response Will, LOL.Going without a contract is a bad idea IMO, I have no idea who issued the closing instructions but they just sucked up more liability by giving directions for both sides of the transaction and I have no idea what the letter included but the contract is a source document agreed to by both parties, not a declaration by one party.I'll have to figure out how to exclude Cali from the rest of the country I guess. :)