Finding time to conduct diligent inspections on REO

[Adam Franco]

I recently found a condo(REO) for about $30 and the price is slowly dropping. My partner and I want to dig in a little deeper, I.e. Contractor bid, inspection, then calculating the numbers to see if it makes sense. But the due diligence period is only 10 days. Any suggestions?

[Steve Babiak]

Do some of that legwork before you make your offer. The lender owning that REO will give preference to offers that have no contingencies, so try to get stuff out of the way prior to writing an offer.