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Updated over 8 years ago on . Most recent reply

User Stats

56
Posts
6
Votes
Russ Trimboli
  • Flipper/Rehabber
  • Cincinnati, OH
6
Votes |
56
Posts

making many offers a week

Russ Trimboli
  • Flipper/Rehabber
  • Cincinnati, OH
Posted

i am a rehabber/investor with money partners

i also have a relationship with an area realtor to make offers through him for potential rehabs (occasionally wholesaling the offer if ive got too many projects

my question is how do i manage the process ?

i know most of the time the offers will not be accepted

wht kind of language should i put in to ensure that if several offers are accepted i have a way of protecting myself if i dont have the money to purchase both or all of them

do you usually just enter a clause stating you need a specific inspection period where my partner needs to approve as well so i have an out if i cant perform ?

and is there a way of sending in a letter of intent with terms or do i need to fill out the entire contract along with proof of funds for every offer ?

and since im technically not the purchaser but a partner who isnt on the deed can i make the offer on behalf of my purchaser/partner or do i need to set up some kind of poa to sign his name ?

hes involved peripherally and is the owner but day to day operations as far as finding , offering, and managing the rehab is handled by me

i would appreciate any input as to how to streamline this process to make the offering not so time consuming 

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