All Forum Posts by: Eliott Elias

I like the Chase Sapphire and AMEX Platinum 

Paying contractors before they finish work! 

Buying a home "as is" does not eliminate you from doing your due diligence. Unless you waived option you should be able to get your earnest back depending on where you are in your contract. 

Technically you don't need to put earnest money for a contract to be valid, you do however need to have option money, and that can be as little as $10. That being said, your'e not going to get very many offers accepted putting down this kind of money. I usually do this on wholesale contracts 

Referrals are the best way to find anything. Every CPA will tell you they have RE experience, make sure they invest in RE themselves and ask them questions you think a CPA that is investor friendly should know. Maybe ask them about a deferred sales trust? 

Most subject to and seller finance deals are created not found. They serve as a tool to cater to different situations. Most seller finance and subject to's come from people who are behind on their mortgage, FSBO, and probate sales.

Here are some questions you should ask them 

• How long have you been in this business?
• Are you licensed?
• Are you insured?
• Do you have a crew?
• When will you be able to take on a project?
• Have you worked with investors?
• What is your specialty?
• Will you be able to walk properties?
• How many projects do you have going on right now?
• How and when would you like to be paid?
• Both sign a predetermined payment schedule before the start of the job.
• Will you agree to sign lien releases before I pay you?
• Referrals
• How their experience was?
• Did the contractor have good communication?
• If something went wrong did the contractor accept responsibility and make it right?
• How efficient was the contractor in touching up after the final walk through?

1. The book on estimating rehab costs

2. The book on flipping houses 

3. The BRRRR book on BP

1. Putting to much trust into people. Not everyone is untrustworthy but you should always make sure you protect yourself as much as possible. There are some people looking to make quick unethical money out there 

2. Rushing into things. Always do things the right way, even if it means taking more time

These in no specific order 

- The perfect week formula 

- How to win friends and influence people 

- Big money energy