All Forum Posts by: Emily Rocha

Who else feels like their head is spinning by this time in the week??🤪

Doing 'the thing' means:

💸multitasking

💸meeting daily with investors and lenders

💸reviewing deals and opportunities for others

💸teaching others how to determine how to evaluate deals

💸listening and learning from others' experiences

My biggest takeaway this week is the need for PATIENCE.🧘‍♀️🧘‍♀️🧘‍♀️

Waiting for replies from sellers, explaining creative finance contract terms, replying to requests...⏳

Small steps forward daily, not slowing down, and knowing it's a marathon, not a sprint.🚶‍♀️🚶‍♀️🚶‍♀️

✨Anything worth it takes work and patience.✨

☝️Don't be cringy...

That's literally what an attorney said on a recent REI Zoom. It's frowned upon by EVERYONE in the industry. And it means more work for people if the deal falls through.😾

If you're wholesaling or the end buyer, show you want the deal to go through. Best practice is to put at least 1% of the purchase price in escrow.🏠

What to watch out for? Some states are mutual release, meaning the seller and buyer have to agree to the release of earnest money if the deal does not close. Avoid issues by getting an agreement signed by the seller in the beginning.✍️

Thoughts???