Download BP’s newest book here some good due diligence in Chapter 10.

But make sure to do thorough due diligence if you get it.

A sheriff sale I bought with out actually putting in enough due diligence :) it was before I discovered Bp I like to jump in over my head and try to swim out currently i am treading water.

Download BP’s newest book here some good due diligence in Chapter 10.

You need to do as much of your due diligence upfront as you can before the auction.

Just beginning my due diligence, so any input would be greatly appreciated!

Same with turn key companies.. they know who will close and there are so many MLO's out there that just are not ready for prime time.. and agents in the HOme selling setting usually are not quite as diligent or sharp about financing they just assume.

It's easy to create an overly exuberant NOI, insufficient due diligence to disclose ALL the true expenses or by quoting Pro Forma rents which are unrealistic for the property.

They do their own due diligence.

Someone didn't do their due diligence - or doesn't know how, or knows something that the rest of us don't...To answer your question - if you are comfortable with 70% ARV less repairs - that seems to be the calculation being offered as a starting point.