"This is a PROBLEM!" Which part? 😂 Real Estate is all about problems.

[Alex Ficco]

"This is a PROBLEM!"

Which part? 😂 Real Estate is all about problems.

As always, speaking from my experience in the direct-to-seller flipping and wholesaling model here in Northern Nevada (Reno), all we do is solve problems.

Every single Seller that would benefit from selling to an investor has a problem (or 10). This is what we DO! We buy PROBLEM properties. We get people out of PROBLEM situations via selling the house. And we don't have a PROBLEM going above and beyond and finding creative solutions to get it done.

Keep that in mind when you're making offers. Many times it's not all about the NUMBER on the offer, it's about how many PROBLEMS you can solve within the offer.

More than that, I just wanted to hop on here explain the OTHER types of problems that we deal with. Problems on the back end.

Very few deals are "easy deals" that go off without a hitch: The Seller calls, it's a qualified HOT lead, we take the appointment, get a contract, everything is fine in inspections, the deal closes in a couple weeks.

95% of the time, we are constantly problem solving throughout escrow. Just THIS WEEK we've had:

A deal with a VERY hard to reach Seller not bringing his ID to sign the final closing docs.

A deal with the occupants needing to be out in 2 weeks, and they say the Seller never told them until now, not 3 weeks ago when we signed, causing US to scramble and provide them with 5 or 6 rental options, offering to release funds early to get them into a place, calling the property managers for them, etc.

A deal with unexpected title issues on a manufactured home, and both Sellers swearing the other has the title.

And some tweakers breaking into our new AirBnB that's about to go live, stealing a bunch of the brand new furnishings inside, and literally leaving a bag of meth behind with a receipt from the 7/11 up the street with their name and EBT card number on it 😂

Moral of the story is... this **** isn't easy. Expect issues and don't freak out WHEN they come up. Pivot and solve. After 120 deals, I still learn on every single one and come across new problems often.

Hope that helps.