An older house may be in greater distress regarding condition, which may lead to a lower price and better deal.

Sam ParkinsThanks, I'm getting an inspection done in the next few days and will have a much better idea of what the condition is and if it's on a permanent foundation or not.I'll post an update soon.

Analysis of conditions like this may hold the answers you seek in Massachusetts.I don't have any first hand experience in wholesales but if you're savvy enough to find a diamond in the rough I have friends who were able to double their money in under a month.Good luck!

Since I grew up being around them more than half my life, I've seen a lot.Due to certain market conditions, cities, municipalities and counties operate differently from one another.

Remember you have to be negligent, I'm not, and the insurance company pays the lawyers to defend you.

My parents didn't want that, so they agreed to help her pay her rent out here on the condition that she wouldn't sell any of her property and they would receive that when she passed (which had actually been the plan put in place by my great, great grandpa long ago.)Sorry if I have come off being somewhat accusatory about your motives.

Given you said poor condition and reading between the lines not fully occupied at the moment, I would offer less.

Thank you I believe my lawyer said that its in the contract for the seller to get the bank to approve the offer within 90 days of the signing of the contract then we can pull out and that 90 days is wensday so should I wait till then.

I want to keep it reasonably simple, particularly at this point, so that all the profits don't flow to my CPA and lawyer....

I ended up losing money on rentals (in good condition) in nice areas.