Hi Amin, after reading your post and all the excellent comments, here are my five cents: I have NEVER submitted an offer on the phone!

If the answer is no, then you must submit for a short sale and you are still racing against the foreclosure clock.

Hey gang,So I was wondering about the process for making offers on Multi-Family apartments.I've had experience with purchasing small office and 1-4 unit properties in past.I was wondering what the process is for getting Pre-Approved and submitting offers for 5-15 unit apartments.1.

If your going to rehab the buildings, you have the right to give the tenants a 120 day notice to vacate, make sure you do everything through the DCRA.You'll have to submit plans and much more.

I can, as the buyer, submit and negotiate the FHA short sale directly with the seller's lender.Now the problem will be getting the seller's lender to understand this!

Do I have to have a business executive summary for the lender if it is part of the list of documents to submit?

The offer was submitted to the Listing Agent around 4p.m on Monday.

When you get the pre-qual letter, submit that with your purchase contract.Also, never assume what the other side wants.

If they haven't submitted anything there may not be a bank to talk to yet.

We recently put out a free REI marketing video on the importance of touching your prospects multiple times: Also, with a monthly budget of $1,000, I'd start by seeing if there are 2,000 absentee owners with more than 50% in your market - if so, get that list and hit them monthly at a cost of 50 cents or less per recipient per month.