After listening to a ton of BP podcasts the last few months, I made my first offer on a short sale. Got rejected by the bank within a week, resubmitted offer at 10K higher, thinking this will increase my chance, but g...

My wife and I just made an offer on our very FIRST piece of property...REO....I am very nervous as is she, but I know the home will be a great buy.  I have been looking at properties for several months now always afra...

So there is an hud home that we have put 5 bids on. The home was priced 108k and we put our first offer in low, we kept coming up and they told us is the minimum net would be 75,600. We saw the price had dropped at...

First off, let me just say I've been lurking for a while and I've really come to enjoy this forum. There's so much information and I'm learning every step of the way. I'm starting a mailing campaign and I just have...

I have not noticed this forum till now. I am surprised that anyone is successfully buying REOs because of my experience. We have looked at hundreds of REO properties here in Michigan. Our realtor submits a bid on t...

Is it possible to wholesale listed properties with out "using" transactional funding and instead just using a proof of funds letter and once offer is accepted mail earnest money?

Here is the scenario. A few month...

I'm no longer a tire kicker! I just signed papers on the sellers counter offer and I should close in two weeks. This property should cash flow just over $200 a door 12 cap and 20% COCR while accounting for 12% vacancy...

Hey everyone,So I'm now in a position where I have a conventional loan, property I want, and decided I want to put an offer in.I am not using a realtor so I will be doing all the negotiations myself which can be intim...

My realtor told me that in rder to buy a reo property the bank wants 1oK in earnest money. The arv is $400k, and i will be offering 15ok. I told him the most I would offer is 2k. He said that the banks ask for 10k be...

Put in an offer at list price with 3% seller concessions and furniture included. With the concessions I am able to cover closing costs and get a 2 1 buy down. So my monthly payment for the first year is approximately ...