http://www.REIClub.com - When Making Wholesale Real Estate Offers, Here Are Some Investor Tips On Writing Up Your Real Estate Offer...
Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I’ve got quick video on structuring wholesale real estate offers.
Real Estate Purchase Offers
Formula Chart
- calculate wholesale offers
- create tables and equation
- 70% ARV minus profits
- repairs
Profits for End Buyer Real Estate Investor
- How much will room will the end buyer have?
Contract Clauses for Real Estate Offer
- 24/7 access to the property
- Request for key
- Request a 15 day inspection period
– potential deal breakers
- Third Party Approval
- Earnest Money for Purchase Offer
Earnest Money
- good faith to secure the wholesale contract
- put in as little as possible
Everything in writing:
- Verbal agreements do not protect you, written proof does.
- your responsibility
- real estate attorney