I came across two pieces of property owned by the banks and I really liked them both. The banks were asking about half of the comps in the area and I thought I could make a quick flip here if I tried the 75% rule that I learnt somewhere(never offer anything more than 75% of the asking price). One of the homes needed no repairs.
The problem is the real estate agents are asking if i had been pre-approved or are working on the pre-approval? IS THERE A WAY GO AROUND PRE-APPROVAL condition if I wanted to use a No Money Down strategy?
Thanks for your inputs.