• BOM (back on market or bottom of market) • Damaged • Distressed • Do not enter • Fixer
• Fixer-upper • Handyman
• Must sell • Reduced • Repairs • Short sale approved • Tool belt
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) . The following is the general information needed for an RPA:
• Address • Price • Your name
47
Powered by FlippingBook