This podcast episode follows up on the Wholesaling Real Estate Podcasts Parts 1, 2 and 3. Please make sure you listen to those 3 episodes before listening to this podcast.
On the previous podcast I spoke about making your first offer, knowing how much to offer, and how your exit strategy is important when determining your offer price.
On this podcast episode I talk about constructing and submitting your offer. Remember that submitting your offer assumes that you know what the After Repair Value is, and how much it will cost to repair the house. You cannot determine an offer price if you don't know the ARV and what it would cost to fix the house (repair estimate).
On this episode, I talk about the type of purchase contract you should use and why you want to use a "wholesaling contract" for direct to seller purchases and a standard contract for bank owned properties. I also talk about inspection periods, deposits, cancelling your contract and how important those numbers can be if it comes to wanting to cancel your contract. There is a lot of meat and potatoes on this podcast episode for new wholesalers.
Enjoy the podcast
If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below:
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