It doesn't work that way and if they buyers have a problem later on they will com after you.The ultimate question is when you go to sleep at night if you disclosed everything and conduct your business in the most professional way for the long term and have nothing to hide then you should be fine.This is not legal advice.

Generally in most purchase and sale agreements it says that the broker/agents are NOT legal advisers, accountants, inspectors, etc. and that buyers should conduct due diligence properly before buying.

There is an advantage to being at an open outcry auction, but it moves fast and it takes some getting used to how the auction is conducted.

MattHi There Matt,Good to see you on BP.I've done a lot of these BRRR's or refi's for clients and myself and yes appraisers tend to be very very conservative on refinances.Reason being, on purchases, a new contract signed between buyer and seller assuming no distress is considered "market value," so appraisers are able to stretch an appraisal around 10-15% in some cases when conducting appraisals on purchases.This is a stark difference from refinances where they go out to the market and generally look at:- comps with 1/4 quarter mile (1/2, 3/4, and 1 full mile if no comps within 1/4, 1/2, etc distances)- most recent sold properties are used only and pending sales (not completed yet) is given 2nd class consideration- consideration is given to properties of the same title size, lot size, square footage, condition of the property and otherI've often seen that upgrades and rehabs dont always give you the adjustment you (as in buyers) often want so when judging if you should do the work to improve the property its important to look at "value," through the lense of an appraiser.I've spent 80k before and got 100k more in appraisal and at the same time I've also spent 65k and got 30k.

How do folks typically conduct their business?

You just might notice that he has far too many debts than you thought and that you will be dragged down with him.It can be a great opportunity for you to invest, but it can also be a big problem.Just be careful and conduct your due diligence.

That's a huge hit for FHA shoppers.

I wanted to conduct some research before doing that and figured this would be a great forum.For anyone who flips multiple properties, how do you sell your flips?

@Brian Burke in Minnesota we need to tell everyone we are conducting real estate business with on our first substantive contact that we are agents/brokers.

Obviously conduct as much research and due-diligence prior to contracting and make sure the property cash flows at the very least.