Hi thank you Wayne for the replyI did send a pre approval or pre qualification letter from my bank along with the offer as I was told by the the person I had talked to that the current bank that holds the foreclosed property can't finance it.

I think @Brie Schmidt from Chicago started this idea which I love!  I've added a couple of questions to the bottom. So here is goes... Make sure to tag someone at the end of your post!What to include in your intro:===...

I think @Brie Schmidt from Chicago started this idea which I love!  I've added a couple of questions to the bottom. So here is goes... Make sure to tag someone at the end of your post!What to include in your intro:===...

It didn't come with AC but was pre plumbed for it.

Whenever the 15 or 16th day rolls around,  have a constable serve them a Summary Process  to appear in court (constable $50-90 and court cost $135-195). 

Lets say i bought a condo under an LLC for short-term rental purposes. and on avg it was making 1k profit pre month after all the expenses (mortgage,taxes/insurance internet utilities). what % would i be looking to set aside for taxes? 

Obviously, pre-2008 that was the norm. 

Hi AllI am new to the BP forum as well as flip and was hoping to get some feed back on best practices to get the ball rolling: I have looked at a few properties but realize I might be going about this a little off.

You should compare this cost to what you will lose if you renig on the deal at the closing...I would say this is not worth panicking about...If the analysis you did pre-bid was good (cash flow positive !!!)

Ask if you can pay off the loan and pay a pre-payment penalty.