Abigail Lipson
Gotten Stuck Evaluating Where to Invest
12 July 2024 | 17 replies
If you do buy a new build, make sure you still get an independent inspection done and regardless of where you buy, go and look at the property in person during the contingency period.
Wesley W.
Anticipating a decedent's next of kin / strategies for acquiring off-market deals
9 July 2024 | 12 replies
Sometimes I include a personal check and a P&S agreement with no contingencies.
Vincent Donato
Can I use a hard money loan to make a cash offer and then take out a mortgage after?
10 July 2024 | 12 replies
For example: Making an offer with a mortgage, but waiving the mortgage contingency (which we can do if the bank is able to underwrite/approve your friend even before we make offers).
Mikhail Pritsker
Underwriting Tricks: Mastering the Basics and Beyond
9 July 2024 | 2 replies
Ensure robust contingency planning and risk mitigation strategies to minimize disruptions.Leveraging Technology in Due DiligenceCompetitive AnalysisUse advanced analytics tools to track competitor activities and market trends.
Dan Gandee
Do you buy flips on well and septic? WE LOVE THEM!
9 July 2024 | 2 replies
If there's competition for the property, you might need to provide a price first and renegotiate later, especially if you have a contingency for well and septic issues.Step 4: Fixing the SystemsAfter securing the property, we start the permitting process for well and septic repairs immediately.
Jimmy S.
Collection agency?
8 July 2024 | 14 replies
They do either a flat fee or contingency, your choice.
Maikel Figueredo
How to wholesale when house is listed with and agent?
9 July 2024 | 28 replies
REASSURE THE AGENT THAT THEY WILL BE STILL RECEIVING THEIR $2K PLUS THAT THEY WILL BE USED AS THE LISTING AGENT WHEN YOUR FINANCIAL ENTITY IS COMPLETED WITH THEIR REHAB--- (SIDE NOTE: MAKE SURE YOUR CASH BUYER TRULY DOES USE THE AGENT FOR THEIR DISPOSITION- IF YOU DONT KNOW THE BUYER WELL ENOUGH, I'D EVEN PUT A CAVEAT WITHIN THE ASSIGNMENT CONTRACT STATING THAT CONTRACT IS CONTINGENT UPON CASH BUYERS PROMISE TO UTILIZE THE "AGENTS FULL NAME AND LICENSE #" WITHIN THE ASSIGNMENT- THIS WILL OBLIGATE YOUR CASH BUYER TO KEEP YOUR PROMISE TO THAT AGENT TO USE THEM FOR THE DISPOSITION- MAKE SURE THE CASH BUYER FOLLOWS THROUGH WITH THIS AS WELL - KEEP YOUR PROMISE TO THAT AGENT AND YOU WILL BE ABLE TO DO BUSINESS IN THE FUTURE WITH HIM OR HER.NOW- EVERYONE KNOWS EVERYTHING (TRUST ME- IT WORKS)AGENT WILL NOT COMPLAIN WHY?
Curtis Delaurie
Fix and Flip beginners
8 July 2024 | 8 replies
.- Budget carefully: Include a contingency fund for unexpected issues.- Focus on high-ROI improvements: Prioritize renovations that add the most value.- Document everything: Keep detailed records of expenses, work completed, and agreements.- Consider liability protection: Look into forming an LLC or other business entity.Starting with cash is a smart move to minimize risk and learn the process.
Tom V.
Verbal offers to selling agents?
9 July 2024 | 27 replies
An offer is more than just a price - the seller needs to see your written offer, along with all the terms and conditions of the offer (escrow amount, financing terms, contingencies, dates, etc) in order to make an informed decision.As a listing agent, my first question would be, "Are you already working with another realtor?"
Nathan Gesner
Do you support reusable credit checks?
8 July 2024 | 18 replies
Once I plan to offer the unit, I offer it contingent on successful background check: In addition to the basic applicant approved transunion smart move through buildium which I pay for, when smart move stopped providing criminal background data, I added a $49 tenant paid service through rentprep for nationwide criminal and eviction, bank account deposit verification, and employment verification.