All Forum Posts by: Nick Albin

Yeah. I guess thats sort of the fun. Always something else to learn or always some different way to apply it.

I remember when I actually made my first offers on some FSBOs and then reading over everything and realizing things I missed, or going to the investor meetings and finding other things I could have done or other ways I could have arranged the deal.

Yeah I went back and listened and read some of my books and audio courses and it was giving me some extra insight.

I mean you can listen to the stuff but when you actually go out there and apply it and form new questions it means nothing. Fun to learn though.

I am not sure how everyone else does it. But usually you can get a shedule of the upcoming auctions. A friend of mine who is a investor looks for a couple of houses that he might be interested in. Gets the title checked out for anything extra then if he likes it he goes and actually gives the house a look and talks to the nieghbors. Then if everythings a go. He goes to the auction.

I am probably missing somehting. But in essence thats the basics of what he does. I went to a few auctions to just get exposure to what they are like.

ok cool thanks guys. Now the other question

What if you call 10 sellers and make 5 offers nad 3 are accepted. Then what? If you cannot do all three how do you tell the other two that your not longer interested even though they agreed.

Is that where the contingentcy upon inspection or business partner approval would ocme in?

Ok so the more and more I learn about REI the more I learn that its all about numbers. Bassically making lots and lots of offers.

My question is what about with a real estate agent is involved.

For instance say you see a nice house and make a offer then you make a offer on another. Do you make up your own offer and give to the agent or do you sit down and write one out?

If you do write one out. DO you make it contingent upon and inspection or something? I mean seems like if you made a contract with the agent then they accepted would you obligated to that?

The next question. Say you wanna do a lease option purchase. Is that possible with a agent being involved? If so do you write up the offer yourself and give it to the agent?