All Forum Posts by: Michael J.

Google lot lines aren't a true indication of your actual lot.  You would want to get a surveyor to come out and survey your lot, if there isn't already a survey on record at the county.

We do 8-10 rounds of dialing each list and each round dials each number 3 times so everyone gets called 30 times in the month

Quote from @Nader Hachem:

Quote from @Michael J.:

You can do an "as-is" contract but still retain the right to have the property professionally inspected.  It should look something like,
"Buyer retains the right to inspect the Property by 6 P.M. on (date) for informational purposes only." on the contract.  If you are working with a REALTOR they should be able to walk you through this.

Does this give me the option to back out if a major issue arises like it would if I had a contingency? I assume that would be done after the offer is accepted just because how fast these houses are selling, in a day or two  

I'm not sure how the contracts are in MI.  I would talk to your agent.  If you are able to do a due diligence contract that should give you the ability to back out.  If you do "as-is" you dont have many options to get out of that contract.

It's like panning for gold. You have to sift through alot of sand to finally find that gold.  Stop analyzing, pick a marketing channel and get busy.  Whether its D4D, text blasting, cold calling, etc... get started.  You will make mistakes, but you will learn from them.

You can do an "as-is" contract but still retain the right to have the property professionally inspected.  It should look something like,
"Buyer retains the right to inspect the Property by 6 P.M. on (date) for informational purposes only." on the contract.  If you are working with a REALTOR they should be able to walk you through this.

EMD needs to be paid to show that you are serious in buying the property. However, the EMD goes to the title company/closing attorney to hold and credit at closing. Do not pay directly to the seller or wholesaler.

I use bank of america for my business and they offer zelle.  Also if you keep a monthly minimum of $5k in your account they don't charge monthly fees.

There are a couple of facebook groups for the charlotte area real estate investors, I would join these and start networking.  They also have local meetups where you can go and meet others face to face and network.  You could also look on craigslist and reach out to the people who have posted the "we buy houses" ads.  

I would be real wary of the "private lenders" in facebook groups.  Everything is negotiable when it comes to points and interest rates but 3% is definitely too good to be true, thats not even what the banks are currently at.  PML are usually between 8-12% with a couple of points.  Your best way to find true PML is to network at local events.

I use quickbooks