Hi @Anna Ding most of the time a pre-approval or POF (proof of funds) is required as part of an offer to show the seller that you are serious and you have the means to perform.

Wanting to not hijack the other thread about RE agents - we are going to be looking at selling 2x houses, one of which is an under-performing $100-150/mo cash flow house that we think we have something like $50-85k equity, the other is a house that we think is worth $165-185k in a regular market that we own outright.We have been working with an agent for awhile, as investors. 

BPOs have become absolutely arduous to perform and pay pennies.

It's a useful rule of thumb for judging value at a very high level, but once you're in the weeds you need to look at the expected performance of the property vs. the cap rate.

I like rehab sub2 , fix and resell fast model better, less risk of loan being called.Use a land trust.If this is a MASS property, like 600K SFR FMVLease Option Sale Termsmarket rent monthly3% from TBer $36K1 year lease then a possible 1 year extension if the TBer performs, new lease and new option in 12 months. 

I've scoured paperstac and found a performing note that interests me.

It took me two years to realize that this duplex was a crazy good the investment and was out performing the stock market with a lot less risk.  

Go where the expectations and the demands to perform are high."

The other option is to sign a purchase agreement with the seller, buy the property, then perform a separate contract with your end buyer.

Revised PC headline:Getting Rich on Government-Backed MortgagesA branch manager gets home loans for borrowers with weak credit or low incomes—and taxpayers back him up.[...article starts...]He calls back a customer who’s spent hours watching his sales videos: “Bad Credit, I Can Help,” “Fresh Start: Credit Boost,” and “Go For Your Dreams.”