She says the days of low balling are over and it would be VERY hard to get started in flipping at all now.

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This was lowered on 2/16/13.The bank appears to not to be very aggressive in their pricing to sell the property over the 5 months of it being on the market.The property is in bad shape, but the major cost items of the house (roof, foundation, furnace and ect) are all in GREAT SHAPE, however the inside has been torn up badly, and about 50% of the windows have been knocked out, which have been boarded up by the property management company.So, I put in an offer on the property around 1 PM on Monday, March 11th, for $12,000, 55% of the asking price, because I only have $13,000 in cash and I wanted this to be an all cash offer.The question is, did I low ball the offer too low?

I mean, my sellers already know I'm low-balling their properties.

So you'll have to go with their estimates for replacement value, or something close to it.Best thing to do is call your insurance agent and get some ball park quotes- if you have a house in mind that'll help.

You call the ball.

Emily, I could easily say, "Come on investors, get serious, stop low balling with stupid offers, doing horrible rehabs and wanting top dollar for almost no work."

You must do it locally as well but you need to exercise more caution away from home as any problems would be compounded by not being local.

I was just having a conversation, not saying that you dont have balls.

Anyway, even with my knowledge and reading, and ability to learn - I am WAY behind the 8 ball compared to doctors because they have all that prepatory background that one needs to be a medical professional.