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Updated almost 4 years ago on . Most recent reply
Potential first deal in the pipeline! Excited/ Nervous...
I've got my first potential deal in the works with an out-of-state owner. I'm in PA and he's in FL, said deal is for a property in Philadelphia where I reside. I am expecting a call back soon. What should be my next step if we verbally agree upon a price? I do not have any contract templates, should I have a certain type? I will most likely buy in "as-is" condition. Looking for guidance...THANKS!
Most Popular Reply
@Jonathan Greene Thanks! I'm aware I do not have a deal, I did mention it was a potential deal. I am very aware of the amount of wholesalers in Philly. I do not believe there are other buyers in play, this property has been vacant for the good part of 5+ years. I found this property myself as I was born and raised around the block. I also worked one block away for over 14 years. I have done my fair share of talking to neighbors, skip tracing, county records research, etc., and went as far as having a partner of mine take the trip to Florida. The owner was not home, yet took the time to talk to him via the Ring doorbell which then led to an active phone number in which we are now in contact with. The owner is up in age and isn't necessarily motivated to sell but as I mentioned, this house has been vacant for a long time and he has taken the time to speak with my partner and I. Via our conversation I can tell nobody else is in play.