All Forum Posts by: McKellar Newsom

Thank you for all your comments. J Scott Will Barnard Jim S Steve Babiak

I've never thought to return lockbox, sign and check to listing agent.

I usually make offers with 15 day closes, knowing that the deals rarely close that quickly.

If I am able to inspect, I leave off an inspection contingency. I'm not always prepared to not have another inspection.

I'm going to try to up my EMD and see how that goes. Thanks! mck

Mitch Stephen Interesting ideas. Thanks. mck

Hi J Scott,

I know you and your wife are both realtors. When you buy REOs, do you use the listing agent?

Thanks. mck

Hi Will Barnard,

How large of a EMD?

Can you elaborate on your relationships with listing REO brokers? What do you recommend?

Thanks. mck

Thanks for the ideas. mck

I appreciate all the great ideas! Mck

I like negotiations, but with REOs you often don't get to the table with the bank. The only way to communicate is through the use of a bid. What creative bid ideas have you used buying bank foreclosures?

Congrats Will! mck

From what I understand about New York and California, the liability potential is greater. I'd look for a state that is business and landlord friendly. Good luck. mck

Hi Keela,
I wish I had started in my 20s. Find a nice mentor to shadow for awhile. You could help out for free to learn some stuff. Good luck. mck