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All Forum Posts by: Renee Cato

Renee Cato has started 4 posts and replied 83 times.

Post: Mobile Home Park or Houses?

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

I agree with @Edward Hamill!  We have some land and are contemplating the modular home route. The "challenge" is that the land is raw and will need to be developed. πŸ˜©πŸ€”

Post: How quickly could one refianance out of Hard Money loan ?

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

@Upen Patel, the fully approved loan you mention, is this granted through a traditional bank? Is there a special name for the product or would he just say "I want to get approved for a loan (not pre-approved)"?  Is this different from a line of credit from a bank?

Post: Agents: How do you not waste your time with an unrealistic seller

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

I'm with @Fred Heller.  The seller is not motivated and you'd be wasting time.  If the listing doesn't sell, the seller looks at you as incompetent and perhaps run your name in the mud...even though you explained the price is too high, etc. All those talks are somehow forgotten. πŸ€”

@Eric H., I would, however, keep in touch and nurture the relationship. πŸ˜‰

Post: Wholesaling One bedroom one bathroom houses.

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

Hi @Kirsten Knighten, I think the pool of buyers is smaller for this type property...

Post: Property Showing Packets

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

@Jacqueline Carrington, for clarification, my above comment pertains to my retail buyers. In that regard, during showings, I only provide a copy of the "client listing report".  At each showing, I have them make notes about the property and then rate it on a scale of 1 to 10 (10 the highest). I do this because, homes sometimes become a blur and at the end of the day, it helps them narrow the choices down. πŸ˜‰

For my comps, I pull active, pending and sold. When considering what to offer, I look at the sold. 

Post: Property Showing Packets

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

Hi @Jacqueline Carrington,  that's a pretty good list! ☺️ I only provide that type of information once they've decided on their top 3 contenders. πŸ˜‰

Post: georgia wholesaler

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

Hi @Loreal Amporful and welcome to BP!  You've definitely come to the right forum. There is a ton of information here. If I can be of assistance, please do not hesitate to contact me. 😎

Post: Work as an agent & wholesaler: is it unethical?

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

@Aaron Mazzrillo, πŸ˜‚πŸ˜‚πŸ˜‚

Post: Which Card Looks Better?

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

Blue!

Post: Buying Flip Property With Lease-Option?

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

@Wendell De Guzman, you guys ROCK!  This clears up a lot for me. THANK YOU THANK YOU THANK YOU!! πŸ˜ŽπŸ’ƒπŸΎ