All Forum Posts by: Erica Gregory

@Eugene Choe Thank you so much for the info!

@Ben Raygor Thank you so much! I’ve never heard of it but I will definitely look it up!

@Bill Brandt That makes sense. I’m going to look into that. Thanks so much!

@Jim Pellerin I see, alright! Thank you so much for the information!

@Jim Pellerin Okay wonderful! I assume that I should still get some type of accounting software for myself, right?

I have one SFR with no property management company but I will be closing on 3 more doors in the next couple of weeks. I want to hire a property management company and get accounting software to stay organized.

Which software would you consider and does the property management company need access as a user for accounting purposes?

Does anyone know of any reputable property management companies? Other than Tyrus Shivers, AMS management?

@Kyle Shankin Thank you for replying. Is there a way to back out of a wholesale deal?

Again, this is my first deal and I’m a little nervous (lol) If at any point I see the inspection costs are too much or it doesn’t appraise for what I need it to, I don’t want to lose my $2500 deposit to the title company and inspection costs.

The wholesaler says “because this is an off market property and are typically rehabbed there are no contingencies”. Is that true? Am I stuck if I get into this deal?

@Mark Durham Thank you for replying. Is there a way to back out of a wholesale deal?

Again, this is my first deal and I’m a little nervous (lol) If at any point I see the inspection costs are too much or it doesn’t appraise for what I need it to, I don’t want to lose my $2500 deposit to the title company and inspection costs.

The wholesaler says “because this is an off market property and are typically rehabbed there are no contingencies”. Is that true? Am I stuck if I get into this deal?

I’ll be purchasing a home through a wholesaler. Is there room to negotiate? Do I need to have an attorney create a contract? Do I need to create a contract of my own? This is my first deal.