All Forum Posts by: Raj Mistry

I did sign up w/ Sam's Real Estate Club.  It has been very helpful and I think it's worth the $1K membership fee since it is an ONGOING resource/education (not just a one time class).  Sam is the real deal.  He knows what he's talking about and he has personally helped me analyze a fix and flip deal that I've put an offer on.  He is a bright guy (physics degree/background) and is very resourceful.  The only downside I've seen so far is it can take him a couple day to respond to emails, but that's because he's very busy helping other VIP members or doing his own deals (which is fine).  Otherwise, I think it's helpful to have an experienced mentor to help give the advice/confidence that you might sometimes need.   Of course, the networking opportunities will be valuable as well.

Brett & Wayne -- thanks for your advice and insight!  I will probe the listing agent for a little bit more info before I proceed.  In any case, it sounds like it's not a big problem to start escrow early (although not required).  I just didn't want my money tied up and sitting in escrow for a long time.

Among multiple offers, the listing agent has chosen my offer as the strongest one and is in the process of negotiating with the bank (this is a short sale). However, the listing agent is also insisting that we open escrow now and for me to wire my deposit into escrow. Is this OK considering the bank hasn't officially accepted my offer yet? Thanks in advance for your advice/insight.