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All Forum Posts by: James McGovern

James McGovern has started 366 posts and replied 1318 times.

Post: Buyer agent made an error in judgment

James McGovernPosted
  • Flipper/Rehabber
  • Bloomfield CT
  • Posts 1,391
  • Votes 337

@Joe S. 4k deposit. The agent forgot to include a clause in the offer that before they buy that they need to sell

Post: Upside down builders in Orlando

James McGovernPosted
  • Flipper/Rehabber
  • Bloomfield CT
  • Posts 1,391
  • Votes 337

Seems like this is about lead generation and not viewing inventory 

Post: Security Deposit Return

James McGovernPosted
  • Flipper/Rehabber
  • Bloomfield CT
  • Posts 1,391
  • Votes 337

There are usually time deadlines for the return of deposits that might not allow for waiting for invoices or the work to be completed 

Post: Upside down builders in Orlando

James McGovernPosted
  • Flipper/Rehabber
  • Bloomfield CT
  • Posts 1,391
  • Votes 337

How do I quickly identify new home builders in Orlando that area that desperately need to get rid of inventory at a discount. I have secured significant money to invest 

Post: The Foreclosure Story We Don’t Talk About Enough

James McGovernPosted
  • Flipper/Rehabber
  • Bloomfield CT
  • Posts 1,391
  • Votes 337

I only purchase foreclosures. I tried to have a heart on the last deal and was accused when trying to guide them with advice of trying to exploit their situation. The ignorance was extremely frustrating and caused me to never care again 

Post: Why are buyers agents commission so high in Orlando

James McGovernPosted
  • Flipper/Rehabber
  • Bloomfield CT
  • Posts 1,391
  • Votes 337

In recent agreements in Connecticut and Massachusetts I have typically seen agents agreeing to 3 percent. 

was shocked that buyer agent commission are not trending downward in Orlando 

Post: Buyer's Agency Agreements and negotiating commission

James McGovernPosted
  • Flipper/Rehabber
  • Bloomfield CT
  • Posts 1,391
  • Votes 337

3 percent commission for buyers agent might be high depending on where you are. I am typically seeing 2 percent in Connecticut 

Post: Taking over a property & trust?

James McGovernPosted
  • Flipper/Rehabber
  • Bloomfield CT
  • Posts 1,391
  • Votes 337

You won't pay a transfer fee if the trust is transferred to you

Post: First fix & flip from an auction

James McGovernPosted
  • Flipper/Rehabber
  • Bloomfield CT
  • Posts 1,391
  • Votes 337

My first flip was acquired via auction. 

you need to learn more about what rehab looks like

Post: Buyer agent made an error in judgment

James McGovernPosted
  • Flipper/Rehabber
  • Bloomfield CT
  • Posts 1,391
  • Votes 337

A buyer agent made an error in judgment and caused the buyer to lose their deposit. Should the buyer sue the agent?

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