for, they’ll call you when they think they’ve got a property that’s right for you. You can find wholesalers online, on social media, and in real estate investment groups. In addition, you can place your own ads online and in the paper, stating that you’re a flipper looking for properties and are interested in connecting with wholesalers.
WHAT YOU NEED TO MAKE AN O O MAKE AN OFFER
As with any typical property purchase, chances are your offer will be an official one using a realtor-approved RPA (Residential Purchase Agreement) . The following is the general information needed for an RPA:
• Address • Price • Your name • An earnest money deposit
• Timeframes for both due diligence and closing • Contingencies, which could include items such as
inspections, appraisals, and financing • How you’ll be paying (loan or cash) • Proof you have the money
Some RPAs require different information, so if you’re going to be flipping properties in multiple areas, it’s a good idea to get RPAs from all those areas, so you know exactly what will be needed in each location, which will save you time in the future.
FIXING UP YOUR FIXER UP UR FIXER UPPER
After finding the right fixer-upper property , the second-most important component is finding the right person to help you fix it up. We’ve all heard contractor horror stories; unfortunately, this 164
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