Sentences with phrase «property under contract»

Some real estate investors specialize in getting properties under contract for the sole purpose of selling a property the same day to another investor buyer.

They put properties under contract with a contingency and focus on quickly selling the property for more money to other investors.

Real estate agents are normally motivated to get properties under contract for their clients but many confused about working with investors.

I now have my 2nd and 3rd properties under contract in this manner.

As a result, a month after closing on my first property, I already had my second property under contract.

The following information explains a strategy for investors who want to get multiple properties under contract.

So far, I've had a little success and have our second rental property under contract.

I showed buyers an identical vacant property under contract a few doors down immediately after showing the home.

Investors who are successful in getting properties under contract understand property values in their target market.

The goal here is to set up your timing so that you have your desired replacement property under contract the minute your currently held property closes, and that 45 - day window begins.

Here is the short of it — my team put a package of 9 properties under contract for $ 300,000.

When you put the REO property under contract before you market to cash buyers, don't you have to present an EMD (cashier's) check with the REO offer?

If you don't get at least 8 properties under contract after making 100 offers, you may need to revisit the numbers and housing values in your target market to see if you can increase the purchase price of your offers and still meet your investment goals.

once i get the reo property under contract with the bank how do i close the deal with my end buyer please help

@Brandon Turner I just put my first investment property under contract today.

And don't get a MLS listed property under contract just below the listed price and send it to your buyer's list at a price above the MLS price.

I have this multifamily property under contract - a quaduplex - for $ 378.5 k. I've listed comps at the bottom to show that this is a good price for this property.

I mailed sellers and got properties under contract without even having a single buyer in my area.

Having successfully secured the «down - leg» California property under contract, ORION scoured the Pacific Northwest for investment opportunities.

These types of costs you mentioned in the post are key costs that wholesalers need to factor in when ensuring the rehabber will get a really good deal and also so they won't waste time getting certain properties under contract.

Our firm has $ 5 billion worth of top properties under contract in western Canada, and we look forward to expanding east to serve clients located in the Toronto and Montreal metro markets.»

Soon after I sold the rental property, I discovered a real estate technique called «wholesaling» that allows you to make chunks of cash very quickly with little to no risk, by putting properties under contract and then selling the contracts to other investors for a fee.

The average number of days a sold property has been on the market is down 3.6 %, and the number of properties under contract for the same time frame is up 15.4 %.

I got my second property under contract with them this month so hopefully things continue to roll!!

«I told buyers just to be patient,» Warsing said, noting a number of deals may be delayed as a result of lenders requiring re-inspection of properties under contract.

I have my first investment property under contract.

In order to leverage time and get multiple properties under contract, real estate investors like to make blind offers on houses listed for sale on the MLS.

The first time I got a rental property under contract, everybody told me: «we don't do mortgages for non-owner occupied residential houses.»

We have a REO property under contract, the closing date is set for 11/21.

I put my first property under contract in my own name, then transferred it to the LLC at closing (cash transaction).

Getting properties under contract and selling the asset to a cash investor is called wholesaling properties (simple definition).

So you never put the property under contract... you just let your buyer know about it, and if he wants it, let him close, and he pays you a fee?

It would be highly unusual for a lender not to postpone with the property under contract for a number close to the market value.

Borrowers who don't already have a property under contract and intend to be making offers soon will have a greater chance of having their offers accepted if they also submit a pre approval from an experienced hard money lender.

Flippers are looking to make a quick turn around sale to earn cash fast, while wholesalers get the properties under contract and then sell them to investors for profit.

As soon as you have a property under contract the next important step in the home buying process is conducting an inspection of the property.

So you never put the property under contract... you just let your buyer know about it, and if he wants it, let him close, and he pays you a fee?

You do not need to be in Belize to place a property under contract or to complete closing.

An assignment is when you put a property under contract and then assign the contract to an end buyer for a fee - that is essentially what wholesaling is.

As far as the mechanics of the deal goes... you would put the property under contract using a purchase and sale agreement that would be signed by you and the seller, then once you find an end buyer you would use an assignment of contract agreement to assign your rights in the contract over to them.

If the wholesaler has the property under contract with the seller, they can assign the contract to you and then you can assign it to your end buyer.

Once we have the property under contract the due diligence period begins.

Once I get the property under contract, I simply assign it to my end buyer.

So, if you put a property under contract and assign the contract to another investor or an OO, that's wholesaling.

That is, either calling them and asking if they would like to be on your buyers list, or even, once you have a property under contract, if they would have any interest in buying the property?