Month: January 2021

5 Tips For Finding & Buying Bank Owned Properties (REOs)

If you’re like most real estate investors, you have a pre-foreclosure mailing list. Maybe you’ve even attended a few foreclosure auctions to find deals. But many investors neglect REO (Real Estate Owned) opportunities in their market — when a property doesn’t sell to a third party at the foreclosure auction, the bank retains ownership and …

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How to Renegotiate With Sellers After a Bad Inspection

You found an off-market property, you made an offer, and the seller accepted. Then you got the home inspected… but the inspector found problems that you hadn’t factored into your original offer price. What should you do? Well, don’t panic. This happens a lot more often than you might think. Ryan Dossey has dealt with …

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Here’s What You Need To Know Before You Hire Your First Employee

Most entrepreneurs start as solopreneurs. They don’t have the money to hire a team, so they do everything themselves — all at once, they are the assistant, the marketer, the salesperson, the acquisitions manager, and the CEO. Their business lives and breathes because of them. But eventually, their business grows and it requires the attention of …

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3 Realistic Expectations Every Real Estate Wholesaler Should Have

A lot of real estate coaches and “gurus” are peddling the lie that wholesaling is an easy business. Send a few mailers, get a house under contract, flip it to a buyer, and make a cool $10,000 in the middle. Easy peasy. At least, that’s what they say. But while wholesaling is a proven and profitable …

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How New Laws Are Impacting The Wholesaling Industry (And What To Do About It)

In November, the city of Philadelphia passed a new bill to “establish fair rules and expectations for wholesalers buying and selling homes in our communities.” The intention of this bill is to protect consumers from wholesalers who “exploit under-informed property owners.” The legislation’s lead sponsor, Allen Domb, said, “All homeowners deserve market value for their …

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