FYI - My .02
If you have a good deal, don't worry, the investors will be there. Just lock the contract with enough time (ie 45-60 days) to find one and be able to close. If you find a house at 70% or less of FMV, then I guarentee someone in the area will want it. Just be sure you know your numbers. Do the research. It cannot be 70% after repairs, but before. Don't trust a RE agent opinion. Matter of fact, if you find it through an agent, it probably is closer to FMV then you think. Remember, a listing agent may list it low to sell quick, but they also are looking out to maximize their income.
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