Personally, I can work with applicants who have low credit (especially if it’s from medical bills and not something like credit cards which to me is more indicative of poor spending habits).

Send an email copying ALL parties (realtors, broker, sellers, title company) indicating you are exercising your right to back out due to inspection contingency.

I’m in negotiations on a duplex here on Long Island that I can purchase for $425,000 and collect $4,500 gross per month with minimal Capex.

I bought a flip property needing light cosmetic work (new flooring, cabinets, counters, appliances, minimal drywall and electric work, smoke smell removing and paint.

There was no indication that the seller was any kind of investor or if he was just a homeowner. 

When i was in the Timber business ( log supplier in the northwest) this was a key indicator to log prices.

hmmm... had I submitted that offer I could have been in big trouble for misrepresentation.This is not the first case I’ve had, just the most glaring...PS oh, and having the letter also indicates what kinda of loan product you are using and if any concessions are planned.

There is no formula for perfect investing - just doing as much due diligence as possible to minimize unnecessary risk.

We find that actual land sales can be a powerful indication of the true value of land without improvements. 

I don't know about the rest of you, but all of my insurance policies indicate that they will not pay if the property sits vacant for over 30 days.