What is your process ?

That would depend on what your end result is with the property. It's time to do your due diligence on the property and make sure it is what they said it was. That would include repair estimate, title search, comps, etc. Hopefully you have your exit clauses in place in your contract to make sure you're not stuck with someone elses junk. Or you can assign the deal to someone else providing you set it up that way in your contract.

It really depends on what your end result for the property is going to be.

Like Shaun said, that would depend on what you are going to do with it. Flip, assign, hold. If you are flipping, you should have your rehab guy with you during a walk thru. If you are assigning, no need for a rehab guy. If you are holding it, have him with you to estimate repairs and then base your offer on that figure. Many variables to consider here...Jan

Sounds like a good time to just sit down and read some good REI information about the basics.

I apologize in advance to anyone who may be offended, but seriously you have been on here about eight and a half months and are just now asking what happens after you get a home on contract?

Do you have a buyers list?

Do you have some type of marketing strategies?

Have you even looked and tried to evaluate one property on your own?

I'll tell you like I was told by someone highly respected and successful here on DG.com. You shouldn't be worrying about what happens AFTER you get a property on contract. Not unless you're saying you do have one and by the looks of it you don't. So don't worry about putting your buggy before the horse you will get nowhere.

Don't worry about rehab costs when you don't have a property lined up to estimate rehab costs, you would be wasting your time and your energy. Get the property first then worry about contractors, rehab, blah blah blah.

Believe me I'm not here to talk down on you or anyone here but believe me I was the same way I was worrying about things that didn't even need my attention but didn't know it at the time because I was so worried about having everything else in line BESIDES finding a property and making offers and getting them on contract blah blah blah.......

I hope I can save you the time and headaches that I wish I could have foreseen and steered clear of because if I had well I would definitely be a little further ahead in the game, but no worries real estate will ALWAYS be around and I have an AWESOME mentor so I hope everything works out. Just stay focused on the prize at the finish line. (Whatever you may want that to be!)

Good Luck!

You better get some sort of repair cost estimates before you sign the contract. How will you know what to offer if you don't have any ideal what the repairs might be. Repairs could be more than you could sell the house for.

Make all of your offers at 65% ARV minus any repairs. Use your 7-10 day inspection clause to go in and make final repair calculations. You can raise or lower your offer depending on what you find.

What houses are you making offers on? You should only be going for the most motivated sellers.

Have your agent pull all of the expired listings. Look for DOM of 100 or more, estates, as is, must sell, job relocation, divorce forces sale, etc.

Make low offers and re-submit those offers every two weeks even if they get rejected.

Use your inspection clause on REO's and HUD, Fannie Mae, Freddie Mac.

Use inspection and subject to partners approval on the Owner Occupied listings.

Sign all of your purchase agreements with your name and/or assigns.

MAKE SURE you have a strong CASH BUYERS list built so you can assign your contract to them right away!

Make sure you are only making offers on properties in the areas that your buyers want to buy in!

When you get a property under contract, take pics of it inside and out. List all of the repairs and repair costs. Find out how much it will rent for. Find out how much the taxes and insurance would run. Tell thbuyer what the ARV is, what they can buy it for, what they can rent it for.

Put all of this info in your email when you send it to your buyers so they can look at it and give you a simple yes/no answer.

The more work you do, the better return you will receive.

makes a good point, but for further information on what else to send to your buyers go listen to the last conference call that Dean had on the 1st of this month. VERY GOOD INFO!