Posted by Mark-NC on December 30, 2000 at 20:56:44:
Now, I don’t know your Realtor but if he or she is the typical realtor you have just thrown out the red flags as soon as you start talking about things like flips, assignments and other investors.
You have to understand these realtors are bombarded by newbie investors that waste their time everyday and most won’t even deal with you if they know what you are doing unless you can prove otherwise.
In fact I was told by one of the realtors in my area that they are taught in class that most investors are a waste of time and to stay clear.
So the best thing you can do is act confident when you make the offer. Just go in there and make the offer like you are buying it for yourself and forget about telling your Realtor about all of the things you are going to do with this deal as an investor. Just make sure what ever you do, you can do it, other wise you are going to loose credibility.
If the Realtor wants to know if your approved for the financing just get a letter from your hard money lender stating you are approved with them subject to their inspection.
With a Pre approval letter from your hard money lender thats all the Realtor really needs to see to show that the deal can be closed.
This way if you can’t assign the contract you at least have a back up with hard money and the deal will be closed one way or another.