Can someone explain to me how u do a no money down deal if the home needs to be analyzed?

Posted on: Fri, 08/16/2013 - 17:20

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Can someone explain to me how u do a no money down deal if the home needs to be analyzed?

Not many people address this from what I've been seeing. I get the no money down part as far as the transaction goes, but what about the money needed to have a contractor look at the house? If you're paying for this then obviously this isn't a no money down deal. How much does it usually cost to get a contractor? Thanks for any replies

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Posted on: Fri, 08/16/2013 - 17:54 #1

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Erick

Find a contractor that will give a free estimate. They are out there.

Michael

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Posted on: Fri, 08/16/2013 - 21:39 #2

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Thanks but when is it determined that you get a contractor?

At what point do you get the contractor? For instance you receive a call from a seller who wants to see you and talk about numbers. Is this the point where you call a contractor and get them to meet you there?

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Posted on: Fri, 08/16/2013 - 21:49 #3

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Erick

I would meet them first and get to know them a little. Then let them know you need to get an estimate on the rehab/remodel needed. Ask if you can bring your contractor over to get an accurate estimate. Then you will know what you can offer.

Michael

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Knowledge is power, but execution trumps knowledge. Tony Robbins

http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site

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Posted on: Sat, 08/17/2013 - 01:19 #4

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Ok thank you now that makes

Ok thank you now that makes sense

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