Well yesterday/today I had my REA start putting out my first 14 offers. It's funny, I've been reading the books (and not just Dean's), surfing through the forums, talking with agents,brokers, and anyone else who could offer some nuggets of info. so I thought I was ready to take the leap. Then I stood on the edge and looked down and actually got some butterflies. It's not easy to say out loud (well in writing) how "un-manly" I felt lol. And, I'm not usually one to scare easily. Don't really know what I'm afraid of, it's not like I've got a nickle to my name that needs protected lol. Not haveing much also means you don't have much to loose. So, I went ahead and jumped. Don't really know if I understand the whole process enough (thought I did till i jumped lol), only have a couple of friends who said they "might" buy, don't have any financing lined up, but I went and jumped anyway. I just figured that my offers were so low that I was just "practicing" making offers. My REA had me copy a check 1K to go along with all the offers, so if any of them actually get accepted I'll only have a couple of days to figure out what to do with my "success" lol. But, I went ahead and jumped anyway. So, this afternoon I get an email from my REA that says one of my ridiculously low offers wants me to fill out and sign the "Investors disclousure agreement" before they would respond and would I "please advise". I had the REA put that in all the offers as a stipulation, the seller had to sign the "investors disclosure agreement". We sent that along so they would know what the heck we were talking about. So know I'm trying to figure out if I've actually got a live deal that I don't know what to do with. Yahoo, Zillow, and tax assesments all put the house between 300K and 340K, the asking was 240K, I offered 178K. They didn't balk at the 178K they want me to fill out and sign the "IDA". Maybe I should have thought about a parachute before I jumped (I think you seasoned pros call it an exit strategy lol). Ok I'm off to search through the forums to see if I can figure out what to advise my REA.
Have a great day everyone, and good luck in all your deals,