s and run through all numbers.

Step 6: Confirm funding from your lender and make sure you have enough to purchase and rehab the property.

Step 7: Remove the contingency and perhaps renegotiate another mutually agreeable contra

Buying a distressed property, fixing it up and the putting it on the market for sale is a process that should be taken one step at a time. Although this is a step by step process that works for many, always consult your attorney or accountant.

Step 1: The first step is to first find an ugly/distressed property.

Step 2: Make sure you find comparables and determine the properties ARV "after repaired value".

Step 3: Talk to the seller and find out what the current "As Is" price and the seller's reasoning behind that price.

Step 4: Make out a written offer. Make sure your written offer is in the form of a written contract and subject to a contingency. The offer should be both assignable (able to sell the contract to other investors and escapable (subject to your spouse's approval, subject to a inspection).

Step 5: It is important to do "due diligence which include having the property inspection, seek future buyers and run through all numbers.

Step 6: Confirm funding from your lender and make sure you have enough to purchase and rehab the property.

Step 7: Remove the contingency and perhaps renegotiate another mutually agreeable contra

tant.

Step 1: The first step is to first find an ugly/distressed property.

Step 2: Make sure you find comparables and determine the properties ARV "after repaired value".

Step 3: Talk to the seller and find out what the current "As Is" price and the seller's reasoning behind that price.

Step 4: Make out a written offer. Make sure your written offer is in the form of a written contract and subject to a contingency. The offer should be both assignable (able to sell the contract to other investors and escapable (subject to your spouse's approval, subject to a inspection).

Step 5: It is important to do "due diligence which include having the property inspection, seek future buyers and run through all numbers.

Step 6: Confirm funding from your lender and make sure you have enough to purchase and rehab the property.

Step 7: Remove the contingency and perhaps renegotiate another mutually agreeable contra

current "As Is" price and the seller's reasoning behind that price.

Step 4: Make out a written offer. Make sure your written offer is in the form of a written contract and subject to a contingency. The offer should be both assignable (able to sell the contract to other investors and escapable (subject to your spouse's approval, subject to a inspection).

Step 5: It is important to do "due diligence which include having the property inspection, seek future buyers and run through all numbers.

Step 6: Confirm funding from your lender and make sure you have enough to purchase and rehab the property.

Step 7: Remove the contingency and perhaps renegotiate another mutually agreeable contra

e (able to sell the contract to other investors and escapable (subject to your spouse's approval, subject to a inspection).

Step 5: It is important to do "due diligence which include having the property inspection, seek future buyers and run through all numbers.

Step 6: Confirm funding from your lender and make sure you have enough to purchase and rehab the property.

Step 7: Remove the contingency and perhaps renegotiate another mutually agreeable contra

s and run through all numbers.

Step 6: Confirm funding from your lender and make sure you have enough to purchase and rehab the property.

Step 7: Remove the contingency and perhaps renegotiate another mutually agreeable contract price.

Step 8: Close the purchase of the property and buy.

Step 9: At this point you can wholesale the property as it is to another investor who is looking for rehabs or you start rehabbing the property.

Step 10: Commence with the rehab.

Step 11: If you haven't already found a buyer, let the realtor sell the property. You can also wholesale the rehabbed property. You can also rent out the property for a monthly income.