Mike Schorah
Could I go around a realtor to buy a property?
Just drove by a pre-foreclosure that’s also an inherited property (double whammy). Spoke to the executor of the will. It has mold issues, roof issues… huge rehab. She said she would accept the first offer I gave her (...
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All Cash Purchase Requires 10% Earnest Money Deposit?
Hello everyone,
I've got a great opportunity to purchase a rehab house at 50% ARV, and have already been preapproved by a great hard money lender that'll front money for purchase and rehab up to 75% LTV. Everything s...
Rico O.
Making Cash Offer
I have never flipped a property but will like to venture out that route, I am just not clear on how the cash offer is structured as far as who makes the offer? Is it an Agent and if so what is the fee you pay the agen...
Terry Royce
Contract Outs
What do you use in your contracts as out clauses?
Have you ever had to use them, and if so did it get messy, or go easy?
Also, I hear about those who use an inspection clause as an out? Couldn't your end buyer use t...
Matthew J. T.
Putting Earnest Money
When having the seller sign the contract, I understand that you can put 10$ on it to secure the contract, but if seller asks you why you are putting in so little what do you them? Don't they want to know that you are ...
John Ewas
Offer accepted, Bank of NY-Mellon send back completley different
Made best offer on a H&B house. I won, broker accepted my offer. I just got the P&S back, closing date it longer, no inspection, and they want me to pay them the $$$ tomorrow rather than this friday. Seems pr...
Jerone Hammond
How to structure your offer Cash offer?
I'm an newb that needs some advice. I'm wanting to start submitting some cash offers on some properties that interest me. What is the best way to structure these offers that would allow them to remain a strong of...
Vlad S.
Appraisal significantly lower
I am getting ready to put an offer in a “hot” / sellers market (NJ). I intend to finance the purchase with a conventional 30y 20% down loan. I am worried that after the offer gets accepted, the appraisal value might c...
Andre P.
if a offer has been made been but isn't finalized.
this investment property that I was doing research on and even been in contact with the city where its located about possibly adding another bathroom to the home(its inherent flaw in the floor plan) to turn into a inv...
Matthew Holman
What does under contract mean
I inquired about a duplex that was for sale, both sides are already rented, the real estate agent said it was under contract, what does this mean?