All Forum Posts by: W. Alex Benitez

@Rick/Mindy

He will finish the project but has posted "for sale" sign out front.  His real estate agent said she will not list the property until it is complete and he has the CO.  She is targeting to list it around 425K where he threw out a number of 350K.  He figured he would put a sign outside in case someone was interested and avoid paying commission. 

So to clarify, he will finish the project (permits filed/CO) within a month. I would like to make an offer on it before it gets on the MLS which there lies my questions.

Hello fellow BP members....

In driving around this weekend I found a multi-family property which is being rehabbed.  I called the number listed on the lawn sign and met with the investor.  He guided me through the property which is 80% and still needs the kitchen, front deck and some other items.  

I would like to make an offer on this before he lists it with his agent.  However, without the project being completed, what would the appropriate "next steps" be?  I plan to contact him and see if he has a list of materials (cabinets, appliances, counter tops, etc..) he plans to use for the remainder of the project.  In doing so, it would allow me to gauge what to estimate in my offer.

Tips and comments appreciated....

PS...are there any clauses I can add to my contract to "CMA" such as making sure he pays his contractors so they do place a mechanics lien on property?