In the state of Florida there’s no Earnest Money required to make a real estate contract legal or enforceable. The exception to this rule is if you’re entering into an OPTION to Purchase Real Estate in Florida. In that case, a $100 Option Deposit (Consideration) in required to make the option enforceable. As a real …
What If the Seller Wants an Earnest Money Deposit? (and You Don’t Have it) Read More »
We all want real cash buyers for real estate. There’s a lot of Buyer Look-Alikes out there these days. If you’re new to the wholesaling business, then these artificial buyers could potentially trick you into locking up your deal without ever having the intent of closing. Or even worse, they could WASTE YOUR TIME!! ERGHHHH …
4 Sure Fire Ways to Spot a True Cash Buyer for Real Estate Read More »
What is Due Diligence? Due Diligence is the process of researching information about a particular situation before entering into any agreement to buy or sell. One of the most common scenarios where due diligence is performed is in a real estate transaction. The lack of due diligence can really cost you in the long run. …
Attention: Is thee buy houses trademark infringement a hoax?? Some things stop me dead in my tracks. Not many, but some. THIS is definitely one of those times and I had to stop what I was doing and immediately write this entry to share with all of you. I’m trippin’. What is Trademark Infringement? Trademark …
What is Reasonable to Offer Below Asking Price? That seems like a legitimate question when dealing with sellers, right? They say that sticks and stone may break your bones but words will never hurt you. They are WRONG this time!! There’s something very powerful about a motivated seller telling you what they’re asking price is …
Why You Shouldn’t Ask Sellers Their Asking Price Read More »
]Dear Newbies, Real Estate Law is a serious matter. You could be making one very big mistake by advertising other people’s houses without a signed contract (which gives you beneficial interest in the property). This act would be practicing real estate without a license. Please watch this video and make sure that you’re not making …
Flipping REO’s is definitely a business model that many investors practice. Just not me. In today’s market ( I hate that phrase, BTW) there is a flood of REO’s. I’m sure you’re wondering if you can flip the houses that are REO (Real Estate Owned by Banks) a.k.a. “wholesale” these properties. I mean, after all, …
I think you’ll like this one. I originally offered the seller $15k for the property. He absolutely refused. Then, I called him back and left him a message saying that I could increase my offer. This is his return call, and the conversation that we had. Enjoy! If you listen to this call, the seller …
Seller Knows Its Worth More, But Agrees to My Price Read More »
What is A Bird Dog for Real Estate? Find out in this video. When you first start flipping properties, you’ll start to hear alot of real estate jargon (the language peculiar to a particular trade, profession, or group,) and you maybe even ask yourself: What is a bird dog anyway? You don’t want to sound …
