Part 3
IN THIS PART …
Gather all the information you need to know about a property in order to make a well-informed purchase decision.
Inspect properties with your own eyes so you know the property exists and have a general idea of what condition it’s in.
Dig up vital information about distressed properties at your county’s Register of Deeds and assessor’s offices.
Find out how to come up with a ballpark figure for the cost of repairs and renovations.
Calculate the most you can pay for a property in order to earn at least a 20 percent profit after you fix it up and sell it.
Get tips on pitching offers and counteroffers to get the price and terms you want.
Avoid the common mistake of haggling your way out of what would have been a great deal.
Discover how to use weasel clauses that enable you to back out of a deal if you discover unsettling issues.