I wasn't terribly surprised because of the low ball offer I put in.I briefly considered posting a follow up bid but decided against it and moved on. 3 days later I discover that HUD accepted my bid.......Well it was quite a shock.

The second school of thought is they've already rejected all the low ball offers so don't waste your time.Finally when considering an offer I'll trust some amount to instinct.

Rich and wifey having a ball.

My renter has mentioned doing a lease option and I am not opposed to that idea but my question is how do we set the price if the option would not be exercised for 24-36 months?

In my experience, REO purchases are by far the way to go here in SO CAL as short pays take too long, have smaller chances of success, and the time and energy (and expense) you must put into them is often wasted by the bank's unwillingness to play ball.

., but such a screwy floor plan counting bedrooms was an exercise in futility.)

no prob..quick note though...after you decide to pursue a bank or 2 further, you will have to let them pull your credit....bringing your credit report and taxes helps them get a feel for you initially so you can see if yall can even play ball

It just means the bank dropped the ball when they set the price.Communication is the key to a successful relationship between a realtor and an investor...Hope this helps!

Once I get that down then I think I will be a fire ball!

We did accomplish some things which put us in a position to start the ball rolling in 2010.