All Forum Posts by: Matt Berklacy

I learned alot here !.. thank you all for posting....this helps me alot.

i dont know if I could waive a contingency/ inspection clause at my level yet.

quick question related to "no contingency/ no view, online auctions".

I am targeting Florida, ,,,many of the counties are going more and more exclusively online for bidding on forclosure auction.....

they are all "as is", no contingency, no due diligence, and not much pictures ..

What kind of buyer can make an offer based on an agent (or you the buyer and agent) peaking in the window if your lucky and praying you get the math in your favor?

 all awesome info...I relate to this as I am often out of country..I have bought through trusted eyes for a buy/hold, never a flip.....could you chime in on either..

1.regarding an online auction purchase, and seemingly growing trend... they seem to all say "as is", no contingencies, no views, no diligence...

how in goodness name can you confidently make an offer on an online auction w/ no walk through contingency?

2. Regarding contingency offers - Out of state investors seems growing trend, and so do you see a way to offer incentive, or compensation to boots on ground to do viewing, video, and then confidently make offer w/o seeing it during due diligence yourself..

You could month to month, airbnb it, until a better season to sell...just a thought...

Atlanta I  think would be great for that..

thank you,,..

yes makes sense..pictures, and you will contact listing agent direct....and make contingent..for due dilligence..

At that point, if your offer is accepted and you were out of state, country, etc, no physical presence for due diligence or management of any rehab......who would you utilize to verify repairs numbers to have confidence to proceed.. 

* Would you ask a GC to walk through with an agent?

* or have an experienced local friend, or agent be partner in the deal, to trust to give accurate numbers and get rehab done..

how can you do all that nice rehab for like 15k?  are you the construction team as well?

so your 100% of your own cash, and you are the rehab team..on this deal?  ..

thx for sharing..!

Amazing insight and information...thank you for the education....Iam a newbie on flipping, (not light rehab to hold), but flipping and using lending for this...

thanks 

In regards to getting repair estimate on a potential rehab flip to make an offer...what works best, efficient and is duplicatable...

** Do you walk through the property yourself with an agent, (pre-offer). Do a repairs needed numbers guestimate, then make offer? .......(and if accepted, then have a licensed contractor confirm scope of work number, during due diligence?)

** or do you pay someone with construction experience to meet the agent to let them in, and give a quote, before or after offer..

issue:

1. Is there a faster efficient way..(particular if buyer is out of state, or has no construction experience, and agent gets paid by seller..)

2.. If it is an auction property not allowing any due diligence, or look inside...how do you make an offer..

i do know it is not legal if an owner asks an unlicensed person, relative, etc, to help sell the property for compensation, but in regards to an investor 'purchasing' a property, the purchase system should be wide own to creative compensation and structure, particularly as agent are for sellers, not for buyers, and are compensate by sellers as well.

this issue is particularly important to me.....because i am often out of state or country in any part of finding a deal, and purchasing it..on mls, or off..and would like to creatively compensated support in purchasing....outside of a licensed agent.

(i think a buyer/investor should be free to compensate who he wants and how he wants to, in finding a deal, facilitating purchase, helping w/ auction purchase, estimating, manage rehab for commission, salary, etc, etc........I don't think a buyer/investor should be forced to deal only with a licensed agent in his/her sourcing and purchasing process, particularly when that licensed agent will be compensated by seller....)  maybe it is more flexible than i understand,,than my instructor understands..but my instructor says no..  thanks !

Can you (the buyer, investor) compensate someone (unlicensed) for helping you for being involved in the purchase process of your investment property?

I 100% think so,  it is nothing unusual, unreasonable ...weather an assistant, bird dogging, someone giving repair estimate, etc, weather paying them salary, or commission in the deal, ...even I too, want to hire someone to help me to be involved in an online auction process, and pay them at closing, ...

Even Josh mentions here in this vid to strategize the purchase process with another, in different ways...https://www.youtube.com/watch?v=e-LS0o4-krI&list=P...

BUT...im studying for the real estate license, and my instructor is literally screaming at me in all caps for over asking this...saying it is breaking the law..if someone unlicensed is compensated in any way...from a buyer...

and then DPBR sent my this link to help me:    scroll to relevant...needs a license http://www.myfloridalicense.com/dbpr/pro/division/...