OfflineCan anybody tell me how to make multiple offers,do you inspect the properties first,do you have your realtor do it for you.For the 25-1 system,if you used comps for each one,that would be alot of time for the realtor to do.Please tell me how.
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mike
You basically tell REAgent to only find properties 40-50% below FMV, and make offers on them.
Sign a blank contract and a copy of check for EM(for REAgent to fill out)to submit the offers
AFTER the offer is accepted, THEN you inspect
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
I am trying to work on mainly R E O s
Starter homes
Vacant
As Is
Price Reduced
65% of asking price
Once offer is accepted, then go look at the property.
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"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
Since you are making multiple offers, inspect the property once the offer is accepted. Just make sure you have your inspection contingency so you can back out if it doesnt work out.
Tom and Jeri
www.TuCasaInvestors.com
www.TuCasaRealtyllc.com
Thanks so much for the great info,that really helps,you guys are great.
mike
IS YOUR REALTOR going to make offers like that for you knowing that it is going to take away some of their commission.Also where do you get your contract from.
mike
Offers through a REA uses standard state uniform contracts
They understand offers are low, but volume offsets
Deans "Weekly Wisdom" video on home page is approx 10mins and covering the 25:1, check it out
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Like I believe Mike said, if you walked every house, you would get real tired of Real Estate. I just put the offer in and believe it or not, alot of them will work with you if you need to adjust your numbers. So just do it, I promise you , just back out a day or two before the inspection is up and your good to go. Dont worry about that, thats what held me back for over a year, just to scared to do anything.
I was what Matt Larson called "IN THE PROCESS" .
Curtis Fillers
(Charlotte,NC)
Thanks Mike for the info,thanks Curtis for the inspiration.Their is one thing I dont understand.When I assign the property to another investor,is the assignment of contract the only one I need,and what is the most important thing on the contract where I wont have to go through with it,is it the contigency inspection,is their anything else?
mike