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.

Unless those comps came from your own due diligence you can't trust them.The games played with 'published' comps in commercial and multi-family properties are legend.

The goal to set up a sale and with face to face and no game playing maybe you can work something out.

I greatly respect the innovativeness, courage, and ingenuity of those who are able to succeed in real estate and aspire to one day join that elite group.I currently own 2 investment properties and hope to acquire one multi-family property per year over the coming years.

It's always good to here success stories...as my virtual mentor says "results is the name of the game."

., perhaps a roundtable for women investors ranging from the basics of getting started, to marketing and innovation, to partnering on deals in other cities.