• BOM (back on market or bottom of the market) • Damaged • Distressed • Do not enter • Fixer
• Fixer-upper • Handyman
• Must sell • Reduced • Repairs • Short sale approved • Toolbelt
Further, as I’m sure you understand after reading the last chapter, working with wholesalers can be an excellent source of properties. Once a good wholesaler knows what you’re looking 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 OFFER
As with any typical property purchase, chances are your offer will be an official one using a realtor-approved RPA (Residential Purchase Agreement). It's the official contract most area real estate pros are used to using, including any attorneys/closing agents that review them! Any other contract, like those available online may not pass muster with other realtors or closing agents. Why not use one that everyone uses regularly? Your own attorney
49
Powered by FlippingBook