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2 November 2020 | 5 replies
As of 11.1.20 I am 1 of 2 offers on the table.
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2 November 2020 | 9 replies
Seems like what your are proposing is that you will go out to a bank and get a mortgage but instead of bringing a down payment to the table, you will just put the seller in a 2nd position with their 20% equity.I have no knowledge with how a lender would respond to this.
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22 November 2020 | 33 replies
I want to pursue the BRRRR method out of state so that I can scale up much more quickly instead of leaving $ on the table with turnkey properties.
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6 November 2020 | 61 replies
Ultimately, there's no use in putting in lowball offers if there are other offers on the table or the property is brand new to the market.
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12 November 2020 | 17 replies
I am not a big fan of the 1 time pet fee up front of 250-300 since I'm assuming it is a one time payment and leaving money on the table.
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4 November 2020 | 3 replies
You need to know what all parties are bringing to the table and what that is worth and then decide what works in your situation!
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6 November 2020 | 7 replies
-Personal intro-3 x full tax returns (newest to oldest)-Employment letter-90 days pay stubs-3x NOA’s-3x T4’s-Tfsa statement up to date-Rrsp statement up to date-Credit card statements 90 days- All accounts, 90 days statements -DCR worksheet pre filled for them-Annual mortgage statements for all properties-Monthly revolving statements (90 days) if heloc applicable-property tax docs- all leases divided by propertypotential property info:- accepted offer to purchase- agent view of listing- city zoning map, highlight property- city address map, highlight property- monthly cashflow analysis- 3x renovation quotes- ARV comparables - recent title- PCDS- all current leases with acknowledgments of values- latest cmhc rental market report for the areaKeep things in a 3-4” binder, keep it organized with a table of contents and labelled dividers.
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3 November 2020 | 6 replies
You need to either bring something to the table.. expertise, capital, etc or have a strong existing relationship with an investor you want to work with.
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9 November 2020 | 8 replies
These are your highest two offers by >5%, both are offering the same amount, and your seller is putting "I want top dollar" over all-else, so they will be taking one of these two offers - they also ignored your advice for what to put on the multiple offer counter-offers and scared away all buyers but these two, as of now these are the only two offers on the table, and one offer must be accepted tonight because reasons, no more time for back and forth or negotiations, again because reasons.
6 November 2020 | 1 reply
I want to know what solution I can bring to the table to get this seller and the daughter under contract.