Evan O'Brien
Rehab Estimate: Due Diligence
Hello! After you put an offer on a property that is approved by the seller and it is under contract, is that when you’re able to have a contractor inspect the property and provide you with an itemized bid of the scope...
Michael Juve
Dealing with bank owned properties
When dealing with a bank owned property can you exercise an option to purchase type contract and simply assign it to someone else for a specefied fee?
Or is there a different set of rules when it comes to a bank own...
Sam Leon
How "IRON CLAD" is a REO "offer sheet"?
Looking at a REO property and normally I am used to having to write up a FARBAR AS-IS contract plus a bunch of bank addendums that basically nullify 90% of what's said in the FARBAR contract.
But this time th...
Brandon Franklin
Do you really need to pay earnest money or can you assign the contract without it?
I have a few questions about wholesaling scenarios. So let's say I have a deal in the works but I don't have the earnest money deposit needed to secure the contract. It's a rental property (duplex) with tenants in ...
FRANK DARIENZO
Asked for AS-IS contract from agent and recieved this.................
I cannot send you a blank realtors contract. If you are not licensed you can't write a contract. And you shouldn't be presenting offers to sellers for someone else. You have to be careful that you are not practicing r...
Ernad D.
Buying from a wholesaler - feedback needed
Hi BP community,A wholesaler is selling a property in a good area that I am interested in, but have never bought from a wholesaler before. Here is the info from the wholesaler:EST ARV $95,000 EST REPAIRS $9,000 EST M...
Danny N.
when EXACTLY do you assign ?
to all the active wholesalers out there, when assigning your deals, are you doing this after seller has accepted your offer BUT Before doing the actual purchase and sale contract ******************* OR***********...
Seneca Hampton
What does it mean to get a property under contract?
I've got a dumb question (Trying to learn the process)..... What does it mean to get a property under contract? What does it look like (step by step)? What do you need to do that? Is this something an Attorney woul...
Jerry R.
Time limit to list property as pending
Anyone aware if there is a time limit that REO listing agents have to list a property as pending? Do they even have to list it as pending at all?
Kaylyn T.
Accepted offer then realtor presented another offer
Hi BP, I'm reaching out hoping someone can shed some light on a sticky situation I have right now on a property I'm negotiation in Maine. It's after 10 east coast time or I would call my attorney, so hoping someone ca...