I just had a fairly low offer accepted on an reo and my realtor did say he felt getting it off the books by year end was a factor.It certainly can't hurt to try, as long as the number of reo's keeps growing they at least have incentive to bargain.

The building itself is structurally in pretty good shape, its a standard two sided roof structure (i'm not good with the names yet) which a fairly simple layout inside.

I always try to qualify for it (after I eliminated my own position last time hahaha)Actually studies show unemployment benefits have a fairly large GDP multiplier as opposed to tax stimulus...

I'm also dealing with less of an investor pool so I have to factor that in too.My area is still fairly stable so I would guess that in most other markets you will need to be drastically lower than my numbers to be moving property quickly.

This number seems to work for me fairly frequently.

I devoted a fairly extensive case study in my latest book trying to show that a single-family house, even if it's held for rental, is a critter that's quite different from a true income property.You might want to see an article I wrote that is directly relevant to your point about creating value by improving NOI.

We can give you a fair price, close quickly, provide instant debt relief and buy your house in “as is†condition.“I recommend you go to the codes court in person.

A few reasons why.1) After rehabbing and closing costs, you are well OVER fair market value.2) The bank holds no prejudice as to who gets the property, Why would they wait for you if they have "multiple" offers on the table.

The Federal Fair Housing Act provides fair housing treatment to all relgions - it does NOT allow you to throw religious sounding talk in my face to excuse breaking a lease.

Experienced rehabbers will normally have set percentages or profit margins that they work off of (i.e. 70% of ARV minus repairs) which are fairly conservative to guarantee that they make money.Your best customers will probably be investors that are buying for long term hold strategies (i.e. rentals, owc's, lease options, etc.).