I recently put a lower offer on a place that was on the market for 90 days. The listing agent said that he would need extra time to let the sellers know because they just moved out of town. I agreed. Is this a techniq...

Can you not request an extension on your contract? 

I want to share with everyone the most complex deal I have ever completed so far.Over a year ago I ran into a pretty good opportunity where there was a substantial tax issue on a specific house I was looking at.After doing some more investigating, I realize that there was a really good opportunity to solve a problem because there were a lot of things that didn't make sense on paper so I decided to do some further research.After rolling up my sleeves I found out that that property had been vacant for several years and there were major title problems aka “hair" on the deal that made it very tough for other investors to solve.Btw…I LOVE deals with hair on them.To make a long story short, after one full year of putting this deal together, we successfully completed the transaction and purchased the property.

It is inconceivable to me that a "203k consultant," as is termed the general contractor running the debauched scheme, would choose to become one without milking the program for every penny he could get out of it, and, by natural extension, the aforementioned schmuck.

They claim they are unable to work but they have no difficulty posting selfies partying with friends, keeping up on their nails, hair, makeup, and tattoos, and have no problem getting pregnant. 

My goal is cash flow and plan on my first deal being relatively safe without too extensive of a rehab.thanks!

I spoke to him extensively about my plans to find great deals in the market then do a fix and flip.

Investment Info:

Single-family residence buy & hold investment in Cntry Clb Hls.

Purchase price: $61,000

Cash invested: $10,000

Rehab project. Will be a rental.

I've worked extensively on properties ranging in size from 150+ units to 250+ units, including market study and research, marketing and sales, event planning and PR work, remodels, full-scale interior design/builds, and resident management.

I would worry about the inherited tenants too.If it were me I would want an extension and get help from my accountant, read every lease, scrutinize the financials, make sure there are no outstandings, and get a professional inspector.