(Spoke with that investor today and due to some obligations in their personal life they wouldn’t be able to make any moves for at least 60 days).

If a good investment property gets listed you need to get on it pretty fast as the good ones do not stay long, hence the pre-approval letter.Good Luck!

HI, Nick, how are you today?

I already offered him about 20K discount on the listing price as I want to sell the house fast due to my financial circumstances.

You will need to find and/or partner on deals to scale as fast as possible.

With that being said, I spoke to the owner of the property today and they're going to accept my offer once I put it in.

I'm just flabbergasted how fast even multi family properties are going and for more than asking price.  

It is tied to prime and although it can / will move up, it won't happen super fast.

We had a first great meet-up today in Eden Prairie with Account Closed and one other gentleman to discuss our goals, needs, and next steps.We are doing it again next month.Hit me up if you'd like to join.No pitch, no cover - lunch and learns!

Rhe IRS concluded that a taxpayer's involvement was sufficient to constitute a trade or business even though a management company was engaged as the leasing agent and handled day-to-day operations.