I have a question(actually a couple) on
how to proceed. Following deans book (BARM)-I've gotten to know my area well for investing possibilities. A 4BD-2BA house in this VERY NICE neighborhood is 4sale via agent for $120k. Every house around this house (via Comps)go for $160k-$200k. This is a Grade A neighborhood with much stability and very attractive. Is there a "Formal offer sheet" to make an offer to an agent ONCE i see the inside of property and determine nothing unusual (crackd foundation;etc)? I want to offer $100k(should i try Coastal for proof of funds-I got bad credit and no $). If accepted-I would like to assign for maybe $10,000 so investor gets @50k+ in equity. Thoughts anyone....? *and is there a "Formal Offer Verbage" guideline that I can fax to selling agent? What does one say (or not say) on a faxed offer? Thank you.
JER 29:11 Thoughts of Hope; thoughts of a blessed Future