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The key to being a real estate investor is leverage, which means putting as little money down as posssible. You have a much better chance of closing deals if you submit a POF letter along with your offer so they know you are serious and can close quickly. You must have this set up with your investor beforehand because good deals don't last long.It might even be a good idea to partner with an investor that will provide you with this POF letter. You will have the opportunity to bid on many more deals and have the ability to close quickly which is very appealing to motivated sellers. You will not make as much on each deal when you're a partner, but you may not have gotten it otherwise.
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For Sale: $60,000
For Sale: $74,900
For Sale: $112,900