OfflineWoohoo I got a bite on my craigslist add for bird-dogging. The investor said he doesn't typically buy anything over 65% FMV. I have a place that I was looking at for myself that's selling at 25K that has an FMV of 56,820. It will need 17K in upgrades and would probably sell for 60K afterwards. My question is what does does he mean by he doesn't buy anything over 65%. I know this may sound dumb but I blame it on my pregnancy LOL. I'm so loopy right now its not even funny. What's so sad is that, right now, I forget my kids names when I'm yelling at them 
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I think he mean he normally does not purchase a property unless he can get it for less than 65% of what the fair market value of the property is. EX. The property is worth 100k FMV he would not purchase this property unless he can get it for 65k or less. I believe that is what he is talking about... someone correct me if I am wrong.
You are correct. He basically said he wants at least 35% off of the FMV.
Success and Nothing Less!
A house that is selling 25K with FMV of 65K would be in good. Hmm I need to find that darn bird-dogging agreement someone replied to my Craigslist ad and said they'll pay 3K to have someone buy their property.