He and the seller then enter into a standard Purchase and Sale contract.Many sellers will not like having their properties tied up so long with no guarantees.

Otherwise you can end up with cash tied up in a deal that's going nowhere.You'll probably need to have an approved contract before they will let you in to look at the place or talk to the tenants.

Let me add that there's NO Realtor or FSBO sign in the yard, and I looked up the house in our county appraisal district records, and found a name, but it ties back in to the same address.All help/replies are greatly appreciated!

This is because there is safety in numbers and when one property is vacant, you have others drawing cash flow to help tied you over.

I was thinking that would be the only tie-in for the landlord being held responsible.

If it is a full-time job for you, it is hard to sleep and you are on the phone 24/7 with people who might not be able to tie their own shoes (tenants, contractors, and vendors).

Yes there will be more renters in the market at that time but also more properties available as well.Same with real estate agents as many have left the game and when markets get stronger you will have more sales but an influx of more agents coming in so it will be a wash.They should give you printouts of the MLS sheets which show the info.We are required to put accurate info into the MLS as all the other brokers/agents depend on it.The signed paperwork is also sent in to the MLS for verification of data.

I know 5000.00 may sound steep, but I had that much in interest holding costs on my last deal plus I had to worry about making monthly payments and tying up my personal lines of credit which can negatively effect scores if lines are maxed.

In reviewing my balance sheet I see that approx 85% of assets are in RE, 5% is tie up in businesses and 10% is in cash, gold, and commodities that I own.I also have very little debt and the debt that I have is mortgages.

Generally, I am ok with diversification since I am pretty much “locked-in†to the market via 401(k) at work, so I have a significant portion of my family’s portfolio tied to the market.