Finaly able to put a cash offer on my first BRRRR deal!!

[Christopher Lane]

Hi everyone, I was able to secure a HELOC for 50k. I have 16k in the bank and I can finally put a cash offer on a currently occupied duplex. I am having trouble getting responses from listing agents - Is this normal? This will be my first property and I plan on getting a second before years end. I have a ton of questions...

- I live in CA and want to invest out of state do I get an LLC for the state I am in or the state I invest in?

- What should I offer on a house? 50% of listing price? 75%?

- What should I look for that has burned you in the past?

- I plan on adding renovation costs into escrow then pulling all money out in a HUD refi (as mentioned on BP Podcast #301)

Thanks in advance for your help!

[Tom Fidrych]

"What should I offer on a house? 50% of listing price? 75%?"

Given that most real estate is selling for over list price, it's easy to see why your not getting called by the listing agents.