Is this a valid strategy if you still do your homework such as getting an inspection done, appraisal done etc....Would a pro do it if the number worked ?

I'm evicting a tenant right now, so maybe I'm a bit paranoid :wink: A valid fear!

If you can validate the high end of that range, and this is in pristine condition, go back to your offer of $35K.

Greg -Keep in mind that the second closing attorney will NOT have a copy of the warranty deed from the first closing attorney, unless you specifically arrange it.If the second closing attorney doesn't have all the paperwork from the first closing (such as the warranty deed), they likely won't be able to close the second part of the deal.Make sure you consult both title companies before trying to do this...as long as you give them a proper heads-up, they should be able to work something out.

This makes it difficult for me to decide which properties are valid comps (since a lot of the foreclosure amounts are much higher than current sales prices).

.- power of attny, notarized- warranty deed, notarized- signed sales contractNow, supposing the sellers just give up, move out and refuse to complete the rest of the required paper work.

Does anyone have a website they use or a a PDF file of a Special Warranty Deed and of a general Quit Claim Deed?

Its an Warranty Deed, the closing shall be in January 2010 from my side.

Where there are points of inconsistency, one must wonder if the argument is valid in its entirety.Though, in this case, despite the inconsistency, I think the point about the entire previous administration (both the President and the democratic congress) being to blame, is a good one.Corruption and poor decision making throughout several administrations (on both sides of the political spectrum) have led to the housing crisis.

Look at it as a fix-and-flip project and work the numbers.Your idea about increasing values through higher rents is definitely a valid one and has been discussed here in BP several times.