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13 August 2015 | 0 replies
Hey BP, When assigning your contact to your end buyer it is mandatory to put and/or assigns or can I have a clause like: example- "Buyer has the right to close in the entity of their choice."
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5 September 2020 | 12 replies
Get a lawyer when you need a lawyer, but right now you do not need a lawyer.You have two choices (others of course):1.
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13 August 2015 | 9 replies
I submitted my original offer on and AIR form and received pushback from the listing broker.They didn't have an issue with us representing our sleeves but did request we resubmit the offer on the commercial CAR form.After multiple email exchanges I picked up the phone and essentially told them the buyer, and entity I control, had made an offer on the form of their choice and it was within the scope of their fiduciary duty to present that offer to the seller, in this case a local bank.I was told they could only work on CAR forms because it was a mandate from their principal broker, and "require by their E&O insurance carrier".I simply informed them that their broker did not have the option to mandate the type of offer a buyer could make, and E&O insurance doesn't cover contract type rather it covers professional conduct.Reluctantly they submitted to the bank.
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4 March 2021 | 37 replies
Typically, as Greg H. pointed out, FNMA will agree to a concession or a repair (you don't want them to repair if you have the choice).
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15 August 2015 | 25 replies
You have all these folks that don't even know what to do with a lead spending money sending out this stuff ... when if they were smart they would spend that money getting a RE linense and learn the business and become a RE professional than a wanna be investor wholesaler with no money and what ever credit and money they had just went up in smoke sending out letters with no ability to follow up or keep the campaign going there is no doubt you can get business with direct mail but most don't understand its a multi year commitment and many thousands of dollars. if you just blow your wad and your done then you will be broke and done and off to your cube to work for the man LOLPS I don't send out colleague request as I don't know how to do that I only accept them.
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17 August 2015 | 56 replies
Now when that happens, you have a choice violate Federal law or don't do the deal.If you accept a "down payment", you're now offering "financing" as defined by federal law.
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23 August 2015 | 14 replies
Be smart and don't over buy.
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26 February 2016 | 14 replies
We lost our original crew and then got caught up on schedule timelines and made some bad choices within our hiring process.
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17 August 2015 | 4 replies
It's a very smart thing to ask this question well ahead of your need, but don't wait for the answer.
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17 August 2015 | 4 replies
@Josh LeMastersThat sounds like a smart investment!