Investment Info:

Single-family residence wholesale investment.

Purchase price: $40,000

Sale price: $63,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Mark Mil...

GOOD service FAST won't be CHEAP3. 

When you put down 20% of value on a home’s purchase in the form of a down payment, you are in effect protecting the lender from yourself because if they foreclosed on you for non-payment, they could sell the home fast for less than full value and still be paid in full.

I haven't seen one hard and fast rule for Countrywide as an organization.I realize that's a lot of variables, but it comes down to what has been said above - make an offer that works for you on the specific piece of property and see what happens.

Others want the fast track route where items learned could otherwise be painful and/or time consuming to learn when left to one's own vices and inexperience.

Create an Input Sheet of questions to ask sellers - work from this when making calls -There are three (3) important things you need to learn from a seller --About the existing FINANCING - how many loans - the amount of liens if any - the terms (balloon payments, interest rate and status and balances (current - payments due - foreclosures or tax sale pending)Next about the SELLER - why selling - where moving to - how fast do you want to settle - what are they going to do with all that cash - how can they help with financing - GET PERSONAL talk about yourself a little, but get them to talk about their job - their hobby - their work - their selling motivations.Next the PROPERTY - does it need any work, are there any violations - what are properties selling for in the area - how much would it take to fix or renovate the property - is it vacant?

It's super simple to learn how to use, which is what I like about it, and the 3D fly-through to see how your proposals will work out is great, fast, and easy to use as well.

I changed it with a 18 gpm faucet and it fills fast now.

I'd run out of money fast. :-)

That will give your offer an edge and at the very least make it stand out.Always - ACT FAST!