I posted this elsewhere but did not get any responses... but I think this is where it needed to be.
I am supposed to be looking at a house selling for $41,500. Owner is settling his mother's estate. He has made some improvements and describes it as move in ready. I asked what the lowest price he would accept for cash and quick closing and he stated $41,500. He said he had others looking at it but no deals yet. He said rent goes about $625/mo around there. Zillow estimates $45,000 and totalview estimate is $47997.
I need to know what doc to take and how to use it to put it under contract for 30 days. I told him what I do and that I had other investors,so that won't be a surprise to him. I'm just getting paralyzed thinking about what I need to do (due diligence-wise). When you assign a deal like this, do you ultimately leave inpsections and such up to the end buyer? Please help... I need to look at this property tomorrow and it will be my first deal if it happens..... I'm so excited!!!!!!
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Everything works out in the end. If it hasn't worked out, it's not the end.
You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer
I posted this elsewhere but did not get any responses... but I think this is where it needed to be.
I am supposed to be looking at a house selling for $41,500. Owner is settling his mother's estate. He has made some improvements and describes it as move in ready. I asked what the lowest price he would accept for cash and quick closing and he stated $41,500. He said he had others looking at it but no deals yet. He said rent goes about $625/mo around there. Zillow estimates $45,000 and totalview estimate is $47997.
I need to know what doc to take and how to use it to put it under contract for 30 days. I told him what I do and that I had other investors,so that won't be a surprise to him. I'm just getting paralyzed thinking about what I need to do (due diligence-wise). When you assign a deal like this, do you ultimately leave inpsections and such up to the end buyer? Please help... I need to look at this property tomorrow and it will be my first deal if it happens..... I'm so excited!!!!!!
Everything works out in the end. If it hasn't worked out, it's not the end.
You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer
It is what it is 'til you change it.