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All Forum Posts by: Tereak Sims

Tereak Sims has started 28 posts and replied 39 times.

Post: negotiating a wholesale deal

Tereak SimsPosted
  • Posts 42
  • Votes 3

I was just wondering what are some methods other investors use when talking to a seller. 

can some one explain this to me please.

Post: what is SKIP TRACING!?

Tereak SimsPosted
  • Posts 42
  • Votes 3

What is skip tracing ?

I'm negotiating my first deal through a land contract potentially . Its a 7br 2 bath the owner wants 25000 im hoping to turn it into a 2 unit . 2 unit in the area have recently  sold for 80,000 or better. I have a walk through scheduled this weekend. I'm just want some advice on how should i approach this and also my potential exit strategies ? the property does look that bad from the pictures every thing looks cosmetic.

Thanks @mark I’ll be sure to do so 

@Mark Krier

Sorry @Chris Seveney I’m sill fairly new to the terminology  I thought terms of a contract and contingencies were the same thing  thanks @Dennis M.

What would be good contingencies that favor the buyer in a land contract?  

I'm in grand rapids MI

kent county 

I have a hard time understanding the abbreviations on the assessors page. when I go to  sale history and got to sell instrument some abbreviations I don't understand like CVD, CD,CJ,OTH can some one help ?

Post: new real estate investor

Tereak SimsPosted
  • Posts 42
  • Votes 3

Thanks @Jake Thomas is there any podcast that you would recommend?