I have been looking into re investing for the past year. I have bought many courses and have passed on many deals b/c of lack of experience.
I recently came across a florida condo conversion priced below market.
I found an interested buyer. They agreed to pay 20000 more than the price offered to me. They are interested in two of theses units. I have told both parties that I am an investor. What should be my next step?
Where do I go from here?
The first party was offering a 5000 incentive if you used their prefered lender.They also offered a 3% commission fee if you are a realtor. I am not a realtor.
Do I need to get pre approval even though I will most likely be doing a double closing.
How can I use that 3% commission fee I wil not be receiving to my advantage.
Do I need to have my own title company or agent complete this?
Any advice will be greatly appreciated.