All Forum Posts by: Mike Jakobczak

A buyers list should consist of anyone who buys! Cash buyers, financing buyers, the constant is buyers! If they are looking to buy they should be in your database regardless of how they close the transaction.

Yea I'd just put it back. Make sure you have some sealant on the nipple so there's no leaks.

Yea if your new to inspections. I'd get an inspector and go there during the inspection. You will pick up a lot of things that inspector's look for. Well worth the inspection cost, it's basically like your paying for education from experience.

Yea I agree, funding will be different on this property. But that's not to say it's not do-able. I would look into your financing and see what options you have.

As for moving forward on it, if you are familiar with the area and consider it a good/great deal, why not?

If all roads point to yes, then move on it. The worst is when you seen the opportunity and didn't act on it.

I can only speak on the Canadian side, typically wires from Canada to US are done within 2 hrs as long as the fed is open. This is what I normally find, but there has been times that it takes longer. Banks always recommend to send funds 48 hours prior to your closing date. This gives you some breathing room if something goes wrong.

Welcome!

Enjoy the site and we look forward to hearing your success stories =)

Yea if the tenant is being late but still making payments, hard to evict. The lease should have late penalty fee's and should give all the details on what is expected by the tenant and also landlord.

Cash for keys a great idea tho

and mine is the same...-_-

Yea I think it comes down if you feel comfortable jumping into a more expensive investment.

To me it all comes down to the numbers. If it makes sense then buy it before someone else does.

Just make sure to do your due diligence. Also have a good understanding of how much things might cost down the road. Example: new windows, new roof, new furnace, etc These are going to be a lot different then residential single family homes.

All good comments.

Yea since you are a realtor I would find some local investors who flip houses and find them some deals and pick their brains on budgets and expenses on these types of deals. Exactly what J Scott said, get on these flippers good side by doing anything possible for them. Learn the business. Treat their deals like your own so once you do get in front of private lenders or other investors you have a good understanding and can execute a successful flip.