If you're short by a fairly small amount, can you borrow or otherwise get the money to make it up?

And underneath them is a bunch of brokers and scam artists.

Anthony,You shared a fair amount of detail.

Thanks a bunch in advance,Max Hammer

The title company wants all the heirs to sign a release before they issue the title policy.The Language in the contract is fairly strong, although there are no dollar penalties for the seller.

The times keep get more interesting as the days go along...Wondering how this is go to play out with Countrywide (BoA sunk a bunch a money into CW just a couple of months ago)---will CW follow suit or serve as BoA wholesale unit?

What you are wanting to do with it (your exit strategy) stipulates what formulas you need to use to determine what the house is worth to you and what your offer is.If you are planning on fixing up the property and reselling it on the retail market, then knowing what the After Repaired Value (ARV or what the house will sell for all fixed up) is and the estimated repairs are the two biggest factors in determining your offer.If you are renting, lease optioning, or carrying the note, knowing the fair market rent will be a huge factor in determining value.If you are wholesaling, knowing what investors will pay in that area for that type of house is essential to determine value.To figure an offer on a property, start at the end.

Rochester/Buffalo seems like an area of the US that has quite a bit of affordable selling prices, but still retaining a rent that is fairly high.

Hi Everyone:I am a fairly new investor - 3 months in Minneapolis/St.

This assumes you can find and then sell on those deals.You said you have a fair bit of experience with both wholesaling and with refurbishment projects.