Re: Couple things . . . - Posted by carson
Posted by carson on March 16, 2006 at 10:31:57:
A game plan for making offers, or a game plan for “getting started”?
-find buyers to wholesale or birddog to
-find HMLs to finance them and my self if needed.
-Start looking at properties in my area to get a feel for things
Mean while, look for other “team” members who know REI and attend meetings
-Look at REOs, HUDs, and other rough properties on MLS and make offers. Also drive my area looking for beat down homes and find the owners to see if theyre interested in selling.
-Make offers using 70% ARV discount for buyers (the one I?ve talked to), minus repairs, minus my profit, and minus a good chunk of “I?m a newbie so just in case” money.
-Find comps straight off the MLS
-After negotiations are done and the offer is accepted, call buyers to see if they?re interested. If not?
-place adds in local papers for buyers
-After a buyer is found I will make sure his/her finances are in order otherwise send them to a good HML so we don?t have any issues at closing.
-If there is an issue to where the buyer will not be able to close, and I cant find anyone else, I will try my darndest to get a HML to finance me and I will rehab it.
-Keep up with everything so there are no problems before closing
-Do it all over again!