I deal mostly with Bulk REO and Bulk Note Pkgs.If you are looking for individual SFR I have those as well.Shoot me over an email and we'll go from there.

An acquaintance of mine told me he is thinking about liquidating, or reducing his rental house portfolio.I'm a CASH BUYER for 3 of them and could probably resell 2 of the 3 to the current tenants, at a $10k-$15k PREMIUM OVER WHAT I PAY HIM.

I have it so high I have to scan my bulk mail to see whose email I missed.

Is it 'simply' a matter of reducing even more the max % of FMV you will pay for a property and then when re-selling, price the property below those in the area to help get a quick sale?

Another is that the amount of due diligence is reduced, since wholesalers tend to do a bit more research since its their neck on the line, thus allowing you to do more deals in the same amount of time.

You can reduce the rent but hey you can't give them away.

Should I reinvest it all along with what I started out with, or do I pay off some personal debts to reduce my overhead, so that life on irregular pay becomes more easily manageable (I would still have what I started out with to keep investing) ?

The logic being I do not want to reduce the repairs and other costs by the percentage.

After reducing the price further do you really think any of them will still be interested in your low offer which is now even lower.Worse case scenario of not looking at the house and without knowing of any repairs; you usually need carpet, paint, maybe tile, updated fixtures, maybe crown molding, maybe alot of things actually.

What if I could reduce that purchase price to $135K?