All Forum Posts by: Leah Stuever

No one can inform you of everything that might be a problem. And no one can know either. Inspectors and appraisers are not responsible for that. And your agent is not required to tell you of possible things that may pop up. They are there to help you navigate the sale. 

I am sorry you are not happy with how things turned out. There are certainly things you can do to mitigate the problem. But going in you knew there was an odor problem that you would need to address. Often times repairs can cost more than anticipated. 

You knew of the odor when you bought the home. And no one can guess how bad it may be and what may need to be done in order to remove it. You have a responsibility to do your own due diligence also. 

Try getting an Ozone machine. As well as repaint. 

Private money can provide a letter of intent as proof of funds. I have used them before without a problem. 

Make is very simple for an agent. They are not going to want to spend a ton of time on every property. For mine they tell me what % they want to pay on ARV and I can generally send things that are close. But I am not running their numbers or determining repair costs. Just looking at the asking price and the ARV to know if it is something that they may be interested in looking at. So it only takes me a few minutes generally. Everyone's time is important.

As a real estate agent: Have your proof of funds ready or easily accessible. You need it to put in an offer. 

Be upfront with what you are looking for and how you want your deals to look. And find an agent that does investments themselves. They will at least have a starting base to help you find your deals. 

"Rich dad poor dad". Great place to start. And 'What Every real estate investor needs to know about cash flow"

Law suit and report them to the realtors association if your state requires them to be be licensed. Obviously cancel their contract and hire an new PM immediately. 

You likely want to pay a skip tracer to find the family and their contact info. 

First: most MLS sellers will not go with a wholesale

Second: Yes. Most buyers want proof of funds with the offer. 

Tax records are the first. Second, if you are working with a real estate agent (and you should) they may be able to give you more info. 

Taxes do not generally reflect what a property is worth/will sell for. You need to run comps.

You mean cold calling an owner? Use Google or a skip tracer. Those are the best ways.