hi my name is Keri and i am an owner/broker who specializes in REO property, and have been doing so for the last 4 years.

I am going to focus on properties that are in need of rehab and wholesale it to an investor, but I would like to be prepared for any deals that might come to the table.My questions are directed towards this scenario:Motivated seller comes and wants to sell house at 70% FMV.

If you want to make sure your safe put a 5 day inspection period in the special stipulations section of the contract giving you to terminate if you inspect the property and find it unstatisfactory.Again these are my views from Georgia.

You can deduct costs for storage and other fees that are owed you.If there is a surplus the money might belong to the ex-tenant.The risks are that you think the stuff is trash and it really is some antique or speciality item.

Special thanks to member Christian Malesic for allowing us to interview him in the latest edition of "Meet the Investor".Check out his interview:Meet the Investor: Interview with Real Estate Investor, Christian Malesic

Almost everything I have is 80%+ Find a mortgage broker that specializes in investment property financing.

I've seen too many business owners fail even when they were somewhat prepared, and I have a strong gut feeling that many people are jumping into REI based on what they see on infomercials alone, without cash and/or good credit.

If your state requires an attorney to prepare to a purchase agreement, get one.

•May need to produce a tax return for Estate taxes•Has been left a nephew who is 14 years old•Doesn’t have the money to pay for legal services up front and would need the costs to be charged to be taken from the estateBob would prefer to stay in the property but would be prepared to move out if absolutely necessary.I’m thinking that I should present Bob with 2 offers.

But my special interest in Loft development came because of my desire for a loft apartment.