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27 March 2017 | 104 replies
Are these properties that your company owns or are they MLS listings that you are parroting on your site?
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26 December 2022 | 6 replies
Manager will attempt to contact Owner by telephone, text, or email to procure Owner approval.
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11 April 2019 | 212 replies
2. if your buyers agent showed it to you initially and then you subsequently buy it w/out his help he may have a claim to a commission unless you get something clearly stating he is waiving his claim to procuring cause.3. if you are in a buyers agency with any realtor make sure the agency agreement clearly states the mutually agreeable terms. i.e. geographic area, price range, length of time from a showing that they are owed a commission if you purchase, etc.
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5 December 2022 | 1 reply
We only charge a fee for project management, where a true procurement job is required, such as putting in a roof, or sidewalk, etc.
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6 December 2022 | 0 replies
Procured a high down payment buyer, which is what worked for this particular situation and structured the deal as a win-win for both parties.
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5 January 2021 | 2 replies
I would bet if you talked to 5 PMs maybe 1 would have that info, but keep in mind that PMs often have clauses that they are the listing agent if the owner decides to sell or sell to a client they procure.
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28 November 2022 | 21 replies
You are simply parroting what you have heard on BP.
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17 November 2022 | 9 replies
I also wholesale deals that our company procurs direct from sellers.
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31 October 2022 | 20 replies
They just repackage what ever it is has been parroted over and over again.
2 October 2019 | 4 replies
For example, their guidelines might state something like 'The lesser of 70% of ARV and 90% of Project Costs'.We can work with your scenario, and I'll make some assumptions about the rehab cost, although you can plug your own actual rehab numbers in.Purchase Price: 25kRehab: 50kARV: 110kAt this level, 90% of LTC is $67.5k70% of ARV is $77kIn this situation, our hypothetical lender would fund $67.5k.Anything below 100k in loan amount tends to become difficult to find financing for, and you will want to be sure that the lender is still able to fund even if the ARV doesn't come back at the price you think it will.It might be worth it to talk to some investors who have done similar-sized deals in your area, and see which route they have taken to procure financing.Hope this helps,Michael