When and How to Show the Money
Monday, November 05
My company is asked to show proof of funds many times each week. We have no problem doing that provided the other party has something of value to us. Having a property is not necessarily something of value. For example, if the property has a market value of X, and the asking price is X or hig...
So You Want to Buy a Fannie Mae or Freddie Mac Property?
Wednesday, October 03
Buying a Fannie or Freddie property can be a great option. It can also be a nightmare. Just like any other purchase, you have to know your market and ensure you are not overpaying. Just because it's a "government owned" property does not automatically mean it's a great value deal. We like to...
Keep Earnest Money in Check
Monday, September 10
Now what exactly do I mean by that title, you're probably asking? Well, it's pretty simple: Earnest Money (EM) deposits should be held until such time that your deal closes or your Buyer forfeits their EM for some reason. It's as simple as that. I mean EM deposits that you personally receive...
Professionals Exist to Help Us - Use Them and Pay Them
Friday, August 24
We constantly need to make decisions about many things, every day during the course of business. One major factor that influences decisions is cost, and although that isn't anything new to anyone, managing those costs relative to reward is an important point. When finding a potential deal, we ...
Ready to Place an Offer? : Do's & Don'ts
Sunday, August 05
In the course of our daily business, we run into many people who are "want-to-be" investors. There is absolutely everything right with wanting to be. However, for those of you new investors, there are certain rules of conduct that those more seasoned already know but you may not know if you ar...
Proof of Funds - What is the deal?
Tuesday, May 15
It's a warm and beautiful sunny day outside right now but I am itching to write about this topic! As we meander our way through our busy days in our real estate investing lives, we routinely run into people who are very focused on receiving proof of funds (POF) almost immediately, before even cr...