From my drive-by it looks like the "worst property on a good block"; not in disrepair just a little unkept; ugly mailboxes, dirty siding; leaves not picked up; no sign, very little landscaping.According to local banks, cap rates on deals are 8.5% on the low side to 10.5% in the mid-high side.What would you guys offer?

Basically a quick walk around to make sure all looks good and is in repair and I'm outta there.But I don't even have ANY signed paperwork with this woman.Wow, any input?

I'm trying to see if the property could be purchased prior to the sale.COULD the property owner sign off on the property and then the possibility of going to the bank, and then go to the bank and purchase the non-performing note?

The only time you should run title searches is when you’re buying from the courthouse steps or working with preforeclosures, neither of which I would recommend.Your buyer’s lender will typically determine when and where escrow will be opened.The fast-paced nature of wholesaling makes running title searches prior to making offers and signing contracts impractical.

In almost every consumer security instrument I have seen there are two clauses which are always in them:1. a "due on sale clause" the language reads that in the event the parties who sign the security instrument sell or convey their interest to another person (a jural person) or entity it will allow the lender to hold the parties in default, and trigger its remedies... acceleration, lawsuit, and possibly an action at equity to rescind the conveyance... nasty stuff in general...Its hard to put to paper... easy to verbally explain...2.

The next day the co-worker told me that she and her husband had just loaned money to their friend because they didn't want to see him and his family on the street.I told the co-worker that it was better that they get screwed than me, but she told me that her husband had insisted the deadbeat sign over the title to his truck before they gave him any money!

You will not get a loan in the name of an LLC without signing for it personally unless you have a track record and credit history for the LLC. 8)

One approach is to sign the contract as "Bill Buyer and/or assigns".

The bank may not issue any of the above if the owner is willing to sign a promissory note.

The house is vacant and the only sign on the property is the auction firm's and, of course, they are not providing that information.