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All Forum Posts by: Matt Phillips

Matt Phillips has started 2 posts and replied 3 times.

I'm new to Bigger Pockets and joined as a Pro Member. The calculators are great and I have been using them extensively in analyzing deals. We have an area of town that I am concentrating on as there are a lot of BRRRR deals. My problem is that I can't get any of my offers accepted. My wife is an agent (but does not practice) - this gives me access to MLS and forms but she is not very educated in writing a lot of offers and what to put on them to make it attractive. It can take a few hours right now to write one offer.

Fortunately, I have the ability to pay all cash, do a quick close and as a general contractor, so I can do the majority of inspections myself so I can waive the inspection.  My problem is filling out an offer that is compelling.  I would prefer not to bring in another agent because I calculate my wife's 3% into the deal.

We use the long standard NC Offer to Purchase and Contract, Addendums, Mineral, Property Disclosure, etc. - do I have to use this or as an investor, is there a better way to write a shorter offer that is compelling and doesn't take so much time?  I've even started to write letters and include those but still no takers.  I feel like maybe the offers look too amateur and they are being overlooked.

Thanks for any thoughts.

Matt

I want to purchase a Triplex in North Carolina and 2 of the units have been renovated but one has not. The renovated units are renting for $650 each and have a one year lease. The other unit is renting for $325 on a month to month lease. The tenant is an elderly woman on a fixed income who has rented the unit for 8 years and I’m told is a hoarder - I have not seen inside her unit yet. I am putting an offer on the property and would like to bring the $325 unit up to par but don’t know how to handle the tenant. Would you give her a longer notice to find a new place or just leave her be?