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Updated about 14 years ago,

User Stats

16
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0
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Chris Ferren
  • Homeowner
  • West Sacramento, CA
0
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16
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Finding Deals and Making Offers

Chris Ferren
  • Homeowner
  • West Sacramento, CA
Posted

I'm current preparing for my first flip, and I'm getting all my ducks in a row before I do so. I'm working with a partner, and I'm planning on starting to make our first offers in about 90 days. Before we do so, I need to set up an LLC, consult with a CPA, and get all our financing prepared. My question is this...

How does one make offers on property without having a real estate license? By using an agent, you need to rely on them to do everything. They have to take you to the property so you can look at it and evaluate the deal and see how much money it will take to fix everything up. Most real estate agents will not waste their time bringing you to 15 different REO properties so you can write offers where you may not even get one accepted.

To follow up on this, even once I get my real estate license, it seems like a lot of spent time going to each and every house and evaluate every one to write an offer. Do any investors just write offers without looking and visiting the property? How does everyone else write offers? I've read blogs where people say they write 20 offers or so before one gets accepted. Are you visiting all these houses first and do a rough analysis?

Any time saving tips to be more efficient would be great when it comes to writing offers. Thanks

Chris FC

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