So they price in higher rates typically and more money down to increase skin in the game and lessen chances of you walking away from that equity and defaulting when times get tough.3% is easier to walk away from than 10% or 20% down.

At that time the house was on Auction.com and when I did my 1st drive by I said no I'm not going to play the games that company puts you through.

Some are a bit overboard with their fees but everyone is in the game to make some money.

We will be going to the Thursday night Bronco game on the 12th and probably stay in Denver till the 14th.

It's a numbers game and statistics game.

If not, you can get IRS troubles.The key is to know how to properly play the game.

Joe Gore Joe, You must be off your game, you are all over the place...

an earnest money deposit isn't required but most sellers will take your offer more seriously if you have some skin in the game.

But don't get stuck in analysis paralysis you are just going to have to do it and learn in the trenches but if you have a great understanding of cash flow vs expenses then you are already ahead of the game.

Generally, those homes have some sweat equity but from an investor standpoint for a flip, it's not worthy.Should they not get snatched up within that period and becomes "open to all bidders" then it's fair game.