Got my offer accepted.
I'm pre qualified.
Problem is I got the downpayment in cash. 20k.
Any ideas.

Here's the situation. An offer was made for 550K with a list of 659K and the bank has countered with 640K. The property has been on the market over a year and has been reduced from 989K. A similar property closed 2...

I have a question about submitting offers. Suppose I have found a deal that I have run all the numbers on and looked at. The property is listed by an agent but is NOT an REO or short-sale. Should I find out if they...

Just wondering what all of your offering strategies are for REOs?

The basic one I am just trucking along on in South Florida is as follows:

65% of ARV (Investors tell me hard money here lends at 65%)
Deduct $10K Com...

Do you ever make verbal offers or are they always written?

On the one hand it seems sellers would take written offers more seriously and be less dismissive of lower offers.

On the other hand, making offers takes...

When making an offer, what do you consider a good starting point? Is 30% below retail asking price too offensive/too lenient? I know you're supposed to feel somewhat embarrassed re: the offer, or you're not being...

Well I got over my analysis paralysis on my first deal and made a low ball offer of 10K on a 40K property. 3 bed 1 bath. The house is an estate that has not been lived in for 2 years. They came back with 25K. Do I ...

hi BP

i have had the opportunity to be shown a home before it was listed.
it's in my farm neighborhood so great location, school, afforability, shopping, transit.

I have was given info that the seller maybe motivat...

Looking at making a cash offer on a property. How should I set up the timeline on the purchase offer? It should be able to move faster than if I had to obtain financing but want to make sure I have enough time to ge...

I'm considering purchasing a 4 unit property, two 2/1's and two 1/1's with 6 single garages. It's fully occupied w/ listed rents at 600, 600, 625, 675 w/ section 8 tenants. It's in a relatively decent area. It was s...