Greg P.
Question about single deal partnerships?
29 October 2011 | 13 replies
In this agreement, the capital partner holds title and the real estate investor manages the renovations and markets the property.This is a very simplified version and is intended to be a template whereby you fine tune the details with an attorney to correspond with your goals.Once you have a completed agreement by your attorney, you can keep using it over and over again.
Laurel Bowen
Am I Doing Something Wrong?
2 August 2012 | 25 replies
If you want interest, show an investor a good financial detail on the deal, take all my costs into account.
Jeffery Bigsby
A question for CASH buyers...
15 November 2011 | 8 replies
I do however give a details quote for the cost to cure.
Jerry Maguire
Checklist of things prior to buying homes
1 November 2011 | 1 reply
Here's was my Pre-Purchase Checklist when I first started:Upon Contract AcceptanceEnsure Access to Property: * Make Copy of Property Key(s) * Purchase New Lockbox * Place Key(s) in Lockbox and Install at Property (hidden)If Certified Funds are Required for EM: * Get Certified Funds for EM from Bank * Submit Certified Funds to AgentIf Financing the Purchase: * Send Contract to Loan Officer * Provide Loan Officer Property Info * Connect Loan Officer with RE Agent Info * Have Loan Officer Schedule Appraisal * Make sure Loan Officer Knows Anticipated Closing DateDue DiligenceInspections: * Turn On Utilities for Inspection (water, gas, electric) * Schedule Termite Inspection * Schedule Property Inspection * Attend Inspection and Take Notes for “Scope of Work” * Get Final Inspection Report and Review for “Scope of Work” * Get Termite Letter/Pest Inspection ReportContractor Prep: * Create Scope of Work * Create Materials List * Determine Which Contractors Are Needed: * GC * HVAC * Roofer * Electrician * Plumber * Pest/Termite Control * Painter * Landscaper * Carpenter * Schedule GC Walk-Through(s) * Get Contractor QuotesPurchase Decision: * Perform Final Financial Analysis Using Estimates/Quotes * Perform Both Flip and Rental Analysis * Make Go/No-Go Decision on PurchaseUpon Contingency FinalizationFinal Purchase Prep: * Get Closing Date from Lender/Agent * Arrange Landlord Insurance Policy * If Financing, Connect Insurance Agent with Loan Officer * Follow-Up on Appraisal with Lender * Choose a General Contractor * Choose Sub-Contractors (if no GC) * Determine Exit Strategy * Create Rehab Schedule (if no GC) * Create Final BudgetPrior to ClosingFinal Loan and Closing Prep: * Obtain and Review HUD-1 * Obtain and Review GFE (if financing) * Ensure Loan is Ready for Closing (if financing) * Get Certified Funds for Closing * Determine How to Hold Title * Get Partnership Agreement Documents Signed (if partnering)Upon ClosingDay of Closing: * Get Keys * Change Property Tax Records to Home Address * Get GC and Sub Contracts/Docs Signed * Arrange GC and Sub Start Dates
Dawn Hall
Making an Offer
1 November 2011 | 6 replies
You dont have alot of details about your deal so its hard for me to say exactly what you should do.Whats the ARV?
Account Closed
Tips on Travel Expenses
1 November 2011 | 0 replies
Include the amount and schedule of your expenses, dates of departure and return from the trip, the number of days spent doing business, the details of the places you travel, and an explanation of the business reason for the travel.
Adam Scherr
Syndication questions
2 November 2011 | 4 replies
A forum such as this one is not the best place to understand the details of deal structure.
Justin Lowe
first deal analysis
4 November 2011 | 16 replies
Hello,I have been in the forum for awhile, but am just now jumping in.I want to list the details of my deal for everyone to critique.
Tommy R
Anyone with experience want to critique my contracts? (Purchase Agreement, Assignment, Sub-Assignment)
2 November 2011 | 1 reply
Spend your time creating the details of the deals, not he paperwork.
Mike Nelson
How to close deal with out-of-state seller...
4 November 2011 | 22 replies
As I noted and James is going into deeper detail, the Title company or closing attorney or whomever will send out the docs to both seller and buyer and will want them returned signed and notarized.