Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Matt Phillips
0
Votes |
4
Posts

Newbie having trouble getting offers accepted

Matt Phillips
Posted

I'm new to Bigger Pockets and joined as a Pro Member. The calculators are great and I have been using them extensively in analyzing deals. We have an area of town that I am concentrating on as there are a lot of BRRRR deals. My problem is that I can't get any of my offers accepted. My wife is an agent (but does not practice) - this gives me access to MLS and forms but she is not very educated in writing a lot of offers and what to put on them to make it attractive. It can take a few hours right now to write one offer.

Fortunately, I have the ability to pay all cash, do a quick close and as a general contractor, so I can do the majority of inspections myself so I can waive the inspection.  My problem is filling out an offer that is compelling.  I would prefer not to bring in another agent because I calculate my wife's 3% into the deal.

We use the long standard NC Offer to Purchase and Contract, Addendums, Mineral, Property Disclosure, etc. - do I have to use this or as an investor, is there a better way to write a shorter offer that is compelling and doesn't take so much time?  I've even started to write letters and include those but still no takers.  I feel like maybe the offers look too amateur and they are being overlooked.

Thanks for any thoughts.

Matt

Most Popular Reply

User Stats

958
Posts
1,138
Votes
Tchaka Owen
  • Real Estate Agent
  • Merritt Island, FL
1,138
Votes |
958
Posts
Tchaka Owen
  • Real Estate Agent
  • Merritt Island, FL
Replied

@Matt Phillips - hard to answer because we don't have all details. That said, I will make these 2 suggestions:

1. Use software to write the offers. Doing so means it should not take you more than 20 minutes to do it. You'll already have half of the info in it already. 

2. If there's plenty of meat in the deal or if you're really going low, put the listing agent down on both sides of the transaction. Yes, s/he gets the entire commission.

Good luck!

Loading replies...