All Forum Posts by: Renee Cato

thanks @Brian Gibbons!

@Brian Gibbons what is SPOA?

Also, when you say "get on title" are you doing this via a quit claim deed or warranty deed?

Why do a JV with the seller? Could the strategy just be: sub2, rehab prop, do a wrap and then owner finance via lease option to a buyer?

Just trying to understand the process...

@Doug Minton's advise is solid. @Mark Graziano, Your Options 1 and 3 work too. 

You got it! 😉 @Account Closed

@Account Closed, your due diligence clock starts ticking from your binding agreement date. Once you have a binding agreement, you take the executed agreement to your closing attorney or escrow company ( GA uses a closing attorney). Once you have your buyer sign the assignment agreement, send to your closing attorney....as soon as possible. 

Hopefully you can negotiate with the seller for a longer due diligence period (allowing for time to find a buyer if you don't have one lined up) and also state in your agreement that earnest money will be due at the end of the due diligence period. 

I hope this helps. 

Welcome Mia to Georgia and BP! 😃

Welcome @Michael Nabors!  You've definitely come to the right forum!!  Have you decided which aspect of investing you'd like to pursue?

Weclome @Pintoo Khara! You will find a ton of information on the site.  

If I can be of assistance, please let me know    .  😊

@Jerry Stanford, PM me more information. 

@Daryl Williams, I wouldn't be concerned about what "everybody" on here says about it being wrong. 😉 Every state and broker(age) is different.  You've talked talked to YOUR broker and it sounds like he pretty much gave you the green light to move forward. Just make sure do as he said and DISCLOSE!  😊. Now, GO. MAKE. THAT. MONEY! 😎