If it hits the number they want then sometimes they will not look at other offers and go with that one.If the offer is low to the starting BPO value they want to list at then the asset manager will most likely keep exposing the property to the market to get more money.For a flip depending on the area you will need to buy at a much lower price then a cash investor buying for a rental hold.

I'm curious what the biggerpockets community here thinks of quirky properties like this one: youtu.be/KnGzTe-CaYQ (video tour captured by GC)Quirks & problems include (but not limited to):-exposed (and unsightly) piping (can't be to code, right?)

So when the downturn occurs, you'll be minimally exposed.2) long-term investments that you intend to hold through the recession and into the next cycle.Preferably, they should be fairly recession resistant so that you see a positive return on investment earlier in the next cycle.

the fact that the loan is in your name exposes you to the risk, i believe.however, getting a loan under LLC is impossible. noone will do it. they want the "security" of you backing up the loan.also comercial loans are crazy expensive (40% down with 8% APR or there about).having said that....we buy ours in our names then transfer to LLC via quit claim. whatever happens happens, i suppose..

I have been exposed to it by my dad, I've worked lots of summers and weekends on homes with my pops to fix them and sell them/rent them.

I want to start wholesaling because I think it will expose me to the public, investors, title companies, real estate agent, etc.

Actually, probably not, not many attorneys keep up with finance issues and they may want to go to court rather than avoid an issue, so you need to educate them as well, best way to expose them to servicing issues is telling them you want it done.

My goal is to build a track record/reputation so A: deals come in quicker and more consistently, and B: It exposes me to great opportunities to fix and flip on the sideline of the wholesale business.

My council felt that my personal hobbies (boating, skiing, hunting, off-roading, etc...) were more likely to expose me (e.g someone gets hurt on my boat/dirtbike/ranch, etc...) than my rental investments, so it is important to protect your interests in an LLC from any personal judgments you could encounter also.

Once a seller accepts, he cannot accept another offer without exposing himself to lots of liability?