If you really want the property and think you have multiple bids, rather than loose out offer a price equal to the highest bid plus $1,000.

Doing this step was crucial in my success of being an investor.

In addition, I see the economic "recovery" as a large-scale transfer of leverage from private individuals to the government and about equally unlikely to succeed in the long run.Unless you are buying properties at a significant discount to construction costs in areas that will continue to grow despite the recession, you can't be sure of the appreciation.

I usually pool with a fractionalized trust deed so each investor is in equal lien position or with a PPM.

It is just like McDonalds and Pot.... all great equalizers.

If all that works out, I'll fund you deal for four points and 15% or something equally outrageous.So, you're hoping to find someone who has the money and is willing to lend it, but doesn't really know what they could be making on real estate.

If you turn the deal just right and flip it in nintey to a hundred twenty days you should be able to make a hefty profit based on the numbers you described, and you keep it all.I think the most crucial part of doing these types of rehab and flip deals is to make certain that you are on very solid ground in your market value assumptions and also do a very tight estimate of the rehab costs.Some of the rehabbers we work with spend most of their time concentrating on these two areas and making sure that they have a good exit strategy.If you are comfortable with your assumptions you will make more money with a hard money lender than with private capital.

Make sure the gaps on the cabinet doors are equal.

Many sellers will charge a pre-payment penalty equal to their tax liability, which means you'll be paying the gains on the sale for them, know what that amount would be and if you're paying close to market rate for the property, I suggest you not to the deal unless they change the penalty.

Performance history is crucial to keep at 100%.The second reason is that you will be in a much stronger negotiating position when you know what properties and at what price points your buyers want.