All Forum Posts by: Kenneth Rolfe

@Jon Kelly

Thank you for your thoughts and congrats on the deal, I hope everything goes well for you!

@Mason Hickman

Thank you so much for your insight, I really appreciate it.

I’m curious for everyone’s thoughts on using the strategy of submitting multiple offers on the same property, just offering different terms.

Have you used the strategy before?

Do you feel it is successful?

What value does it bring?

What types of creatives terms have you used in the offers?

@Amber Titus

You mentioned the estimated repairs were per the wholesaler, make sure you’ve done your due diligence and feel confident that is accurate as it could be very detrimental to the outcome of this deal if that number is off.

@Dan B.

I would say it all depends on what you want out of this property. If it’s an investment, it might be best to take the money and move on as it may not be worth the hassle. Clearly the seller has other plans.

If this is for your personal residence, then you need to decide how badly you want the house. Is it your dream house? How hard would it be in your market to find something comparable? How long are you willing/able to wait because it sounds like this could take awhile to resolve. If it’s worth the hassle, do your due diligence to make sure you are confident it will end in your favor. If you really want the house, you could always go back and renegotiate with the seller, but you might run the risk of them pulling the 10k offer off the table.

Comes down to risk/reward and only you can decide how to proceed. Good Luck!

@Olivia Radziszewski thank you!

Hello! I’m looking to build a rental portfolio in the Racine area with hopes to purchase my first property within the next couple months. I’ve been in contact with a few professionals already, but would appreciate any referrals from individuals that do business in the area as I work to build my Core Four (Realtor, Lender, Property Manager and Contractor).

I’m also very open to any other feedback or insights anyone has to offer on the area.

Thank you all in advance!

Kenny

This will be determine by your purchase agreement and not the lease. If it’s in your contract that the appliances stay the seller will need to leave them, but if it does not indicate that in the contract you’ll need to plan on purchasing new appliances since it sounds like the lease indicates they’ll be provided.

Corby Goade congratulations Corby! I’m happy for you and excited to hear about your future successes as well!

Based on the information you provided, I don’t see any reason why the landlord would need to pay the fee. The tenant already has an obligation under contract to cover the remaining time, so if the 5 year option is what they need to get the deal done it’s up to them if they want the deal enough to pay the fee. If you’re anxious to get this new tenant in there I could see you being willing to do it, but with 3 years remaining I don’t know what would motivate you to do that.