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If you're buying and re-selling or leasing properties for the interests of yourself or your company, you do not need a license. You only need a license when you're representing a buyer or seller in a transaction, which is what Realtors do, not investors.
Investors who post discounted properties for sale want to focus on what they do best: Finding properties at huge discounts. They save time and energy by selling it to you AS IS quickly and easily and then moving on to the next deal. Some wholesalers have gotten so good at wholesaling that they prefer it over rehabbing (fixing and re-selling). Most investors rehab some houses and wholesale some houses.
This listing of bargain-priced properties is NOT perfect, mainly because some wholesalers aren't truthful about repair costs and ARVs. Wholesalers naturally want to make their properties seem appealing. And some of them do this by underestimating the cost of repairs and by over estimating the ARV.For your own sake, you should do your own due diligence by pulling your own comps and doing your own estimate of repairs. Don't just accept their numbers at face value. The best strategy is to ignore their repair and ARV estimates and make them an offer based on your numbers. Many wholesalers will accept an offer price up to $10,000 BELOW their asking price. So be sure to make an offer!
Would you believe this is actually THE most common question that investors ask when they visit a website? And we don't blame them for asking! We would wonder, too. So to answer your question... Yes, the testimonials are real. And we would NEVER post a fake testimonial because:1. Posting fake testimonials is not ethical. That's enough reason for us.2. A LOT of investors and financial institutions know who we are. We feel that we have a pretty good reputation with them, and we'll do anything that we can to protect that reputation. One way that we protect it is by only posting REAL testimonials.
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HUD homes are FHA-insured loan foreclosures. When someone with a HUD insured mortgage can't meet the payments, the lender forecloses on the home; HUD pays the lender what is owed; and HUD takes ownership of the home. Then we sell it at market value as quickly as possible.
Most of the time they are not. They are listed just like any other property. The best way to find them is by working with a real estate broker who specializes in this kind of home.
No. When negotiating with an asset manager at a bank for the purchase of a foreclosure, keep in mind that this is a professional seller. A good asset manager will order appraisals and hire a broker to advise them about the property's condition and value. Then, they price them accordingly.
Once you have determined you wish to make an offer on a bank owned home, you can write the offer with a broker with experience in Bank Owned Properties. The offer is then presented to the Bank Seller. The Bank Seller will accept, counter offer or reject the offer. Once an agreement is reached either the original contract offer is amended or a new contract is prepared containing the agreed upon terms.
After you log in, hover over the arrow by My Listings / Blog:
and then click on "Blogs".
On the next screen, click on "Compose New Entry":
On the next screen, fill out all of the fields: Give your blog a title, choose a category and write it out.
After that, you can either click on "Post Entry" and it'll make your blog live automatically. OR You can click on "Preview Entry" to see what it's going to look like after you submit it.
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