Hi again guys, just reading through some more discussions here & have found some answers to the past 2 topics I put up here.
I now know what investors are needing in area of info of properties. Thanks to you all. Could I ask something though? what would be an idea of an exit strategy? yes, virgin here, needing help. LOL.
Would alot of you agree with just doing up a piece of paper printed out with my name, address etc, the seller’s info, prop info, agreed fee and signatures, as a good contract between myself & the investor? or is there a better concept?
You all are so great, I can’t believe how well a bunch of strangers will go the mile to help a newbie, you are all truely great RE entreperneurs.
Exit Strategy is what you plan to do with the property, Sell for cash to homeowner at retail after fix up, wholesale to investor after fix up, lease purchase, rehab and refinance and keep as rental, after rehab take in a partner and refinance and keep. There are various other scenarios as well.
Thanx again Tedjr, you seem to be the only one out there, willing to advice a newbie, bot am I ever grateful you have.
I appreciate all your replys, they sure put things into perspective for me. Now I understand that using an exit strategy is more for wholesale buying - would love to jump right into that (as any other bridy), but do not know how to talk to the seller to send the message that they can trust me & rely on my services. So, will tkae this route until I feel more confident & knowledgable. Besides Trump didn’t get rich over night either. LOL
Hello and welcome Decorous,
If I were a birddog, I’d feel more comfortable writing my own agreement. One rule in CRE, he who writes the contract wields the power. I once asked for a birddog- oriented finders agreement, but have yet to get one from the board. I have one for my sales people, but it’s not appropriate for a one-time deal. I’d help if I could.
Regards,
Dave
