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Updated over 4 years ago on . Most recent reply

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13
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Janelle K.
  • Realtor
  • Tulsa, OK
2
Votes |
13
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After finding a deal

Janelle K.
  • Realtor
  • Tulsa, OK
Posted

After finding a deal

What is next finding a lender? Or finding a contractor

/handy man?

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974
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Joseph Firmin
  • Rental Property Investor
  • Smyrna, GA
645
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974
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Joseph Firmin
  • Rental Property Investor
  • Smyrna, GA
Replied

Hi @Janelle K., not sure what kind of deal this is, but you want to make sure you have your financing in order to be able to close on the deal. If you haven't offered on the deal yet - get it locked down. Once you have a deal under contract, you control it, then you can wholesale it or buy it yourself. If you have it under contract, I would ensure financing first. Then go vet contractors (assuming this is a BRRRR or a flip deal). Make sure you do your homework - don't skip or skimp on this part. Read David Greene's book on BRRRR and follow his steps to a "T" on hiring contractors - VERY IMPORTANT. If the numbers on your deal still work after walking it with a contractor and obtaining at least 3 quotes - proceed to closing.

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