We have all the estimates for the repairs (had to show that to the judge before he gave us the extension); will get the permit this afternoon and the roofer should begin first of next week.

He looked at the property and made a deal with them and bought the house before it even had a chance to make it on the market.

Bring some people with you to do the estimating of repairs, so you will know what you are looking at!

In my estimation, the occupancy has been between 80-95% for the last couple years.

In fact I'd be offering all the tenants a chance to buy them on really good terms, low down owner finance.

The motion to compel hearing was 5/2/08, however the judge didn't even give the attorneys a chance to present their evidence/tell their story, as he said he was going on vacation and had another big case, and couldn't have an evidenciary hearing until 6/24/08!

If I ttake the property subject-to exciting finance, will it hurt the seller chance of getting a new loan for a new house?

I feel a bit mixed because my lessons 2 & 3 seem to be conflicting.....Any thought very much appreciated (Oh, conservative estimate above, no appreciations...)Greetz, Raymond

It's important that you have yourself covered adequately and do not take chances.

In the case of FSBO, you may run into a seller who has an over-inflated idea of the value as Ned mentioned and on the flip side, you may find one who has dramatically under-estimated the value, hence a bargain.