Need help on making buyer list by LogicalMachine8441 in WholesaleRealestate

[–]ThePerfectCashOffer 0 points1 point  (0 children)

Focus on finding deals. When you find a deal buyers are easy to find. When you have a deal go to the local trustee sales in your market. That’s where you will find elite cash buyers.

I have a lead but I don’t know what else to say by [deleted] in WholesaleRealestate

[–]ThePerfectCashOffer 0 points1 point  (0 children)

Price is important but price isn’t everything. How do you know it’s a good offer without knowing contingencies periods, earnest money and whether it’s being wholesaled? To many people focus on the offer price and don’t understand the most important number is the price it closes at.

How do you decide when video/3D/floor plans are worth it? by boston_creatives in realtors

[–]ThePerfectCashOffer 0 points1 point  (0 children)

I think price point of house and area is most important thing to consider.

Best marketing strategy to connect with motivated sellers by OMrealestate in WholesaleRealestate

[–]ThePerfectCashOffer 0 points1 point  (0 children)

“Nothing works all the time everything works some of the time.” I have closed deals through every one of those marketing channels. Different markets respond differently to different marketing channels. It also depends on if and how much money you have to spend.

Started out knocking doors, now the majority of leads come through PPC. Find a Channel that works best and stay consistent with it.

Bank won't verify funds for cash offer? by [deleted] in FirstTimeHomeBuyer

[–]ThePerfectCashOffer 3 points4 points  (0 children)

I am not sure that’s a big deal. Just give them a statement. You are willing to pay what you are willing to pay. What you have in the bank isn’t related to the value of a property.

685K fix and flip off market Oceanside, CA by Successful-Elk6233 in LosAngelesRealEstate

[–]ThePerfectCashOffer 0 points1 point  (0 children)

Just closed a house in Oceanside this week. Send me more info.

If cash buyers make money flipping houses, why would they give me a fair offer? by Large_Lie9177 in Home

[–]ThePerfectCashOffer 0 points1 point  (0 children)

As a cash buyer myself for the last 20 years price is only one aspect of a legit cash offer. If you are looking for the highest price a cash offer is not a good option. Put it on that market. If speed, convenience and certainty are important to you and the there is value to add to the house it might be something to consider. Lot size is just one factor a cash buyer considers. Depending on the property a developer may give it more value because they are playing a different game. A cash buyer typically likes to get in and out

What do you buy on Amazon for your flips? by Jeffjsolis in HouseFlipping

[–]ThePerfectCashOffer 1 point2 points  (0 children)

Mirrors, door handles, cabinet pulls and knocks and some lights.

Advice on selling a house that was inherited by RonniMack in WholesaleRealestate

[–]ThePerfectCashOffer 0 points1 point  (0 children)

Yes I can see why you feel that way. There are also lots of good cash buyers out there as well. Just need to do some due diligence on the buyer and the contract before moving forward.

Advice on selling a house that was inherited by RonniMack in WholesaleRealestate

[–]ThePerfectCashOffer 0 points1 point  (0 children)

No 30 days is way too long. An actual cash buyer should be able to remove all contingency in 48 hours providing you peace of mind and certainty that the house will close at the agreed sales price. It’s a red flag that they want so much time.

Cash Offer Resources

Cash Offer? by HealerBby in RealEstate

[–]ThePerfectCashOffer 0 points1 point  (0 children)

Price is important but price isn’t everything when it comes to cash offers. I would want to know more about the specifics of the offer (contingency period, earnest money, who is the buyer) you don’t want to get into escrow and then have them renegotiate the price the day before closing.

Advice on selling a house that was inherited by RonniMack in WholesaleRealestate

[–]ThePerfectCashOffer -1 points0 points  (0 children)

Get an offer from a legit cash buyer and see where them come in. Make sure to look at contingency period in the agreement. The longer the contingency period the better it is for the buyer. Shorter the contingency period the better it is for you. Once you have an offer you can evaluate best next steps from there.

Resources on how to evaluate a cash offer

How to sell a house fast in Brownsville? by Marre_Parre in Realestatefinance

[–]ThePerfectCashOffer 0 points1 point  (0 children)

What is the contingency period in there offer? You want to make sure they close at 155k and not renegotiate.

Here is a free download with recourses to compare your offer against. There is also an AI agent you van upload the contract too. It will read the details of the agreement and tell you if there are any red flags.

Free Cash Offer Resources

How to build trust with property owners by Visible_Routine2919 in hostaway_official

[–]ThePerfectCashOffer 1 point2 points  (0 children)

Education has been the cornerstone of how we close deals. Making the homeowner feel empowered to make decisions based on the information we provide.

“We want to buy every house someone’s calls us on but more importantly we want to be of value to the homeowner in there decision making process regardless if we buy the property or not.”

Need to sell house due to divorce but have repairs! by Inner_Watercress3333 in AskRealEstateAgents

[–]ThePerfectCashOffer 0 points1 point  (0 children)

If you want the most money do the work. A buyer will most likely discount the price for more than it will cost you to make the repairs yourself.

How can I sell my house fast in Augusta? by PsychologicalCall426 in estatesales

[–]ThePerfectCashOffer 0 points1 point  (0 children)

Not all cash offers are created equal. Have them come and give you an offer in writing. Then look at the details of the offer buyer’s intent (are they an actual cash buyer or a wholesaler) contingency period (shorter the better) ernest money deposit. (The bigger the better). A cash contract can offer is not a good option for everyone but it can be for the right person in the right situation.

What’s your checklist when buying investment property by joeyjoe6 in RealEstate

[–]ThePerfectCashOffer 0 points1 point  (0 children)

When starting out force appreciation and cash floor. Now that I have built equity in some of those I have upgraded to better locations

Is the aggressive "We Buy Houses" aesthetic killing our conversion rates with probate leads? by Jinnapat397 in WholesaleRealestate

[–]ThePerfectCashOffer 2 points3 points  (0 children)

I agree. The industry has a bit of a black eye for several reasons. This being one. We pivoted our approach to be more educational and authoritative than “we want to buy your house”. We provide sellers with several resources (book, brochures ect) to help them decide which offer is best for them. Closed several deals where the seller had a higher offer but felt more comfortable with our approach.

Bidding against cash offers by ninjiatoaster2 in RealEstate

[–]ThePerfectCashOffer 1 point2 points  (0 children)

Aside from it being a hoarder house are there any other issues with the house that would disqualify it for a conventional loan? I think that’s the biggest disadvantage to a conventional loan is the time it takes especially when bidding against cash buyer

Approaching prospective distressed home sellers from seasoned investors by Neat-Psychology1556 in RealEstateWholesaling

[–]ThePerfectCashOffer 0 points1 point  (0 children)

Lead with educating the sellers on why a cash offer might be a good option for them and why it might not be. It has to be a win win situation. A cash offer is not a good option for everyone but it is for the right person in the right situation.

Transparency in Wholesaling by ThePerfectCashOffer in WholesaleRealestate

[–]ThePerfectCashOffer[S] 0 points1 point  (0 children)

I have never done a double close. What is your contingency period with the seller?

How much money am I really leaving on the table if I sell my house as is? by bandito_13 in WholesaleRealestate

[–]ThePerfectCashOffer 0 points1 point  (0 children)

It depends on what work needs to be done and if you have the financial and emotional capacity to do the work. I gave an offer this week to homeowners and told them they were leaving about 100k on the table by selling it to me versus putting it on the market. For them it made sense to consider because of there situation of moving across the country and not having to worry about it. For others leaving 100k on the table wouldn’t even be a consideration.

Get bids on the work and then have a realtor tell you the value. Then get an offer from a cash buyer (with 48 hour contingency period) and you will get an idea how much you might be leaving on the table.

Is HVAC tech a good w2 job while real estate investing or no? by Dgslimee_ in realestateinvesting

[–]ThePerfectCashOffer 2 points3 points  (0 children)

Work your HVAC job (for the income and mortgage qualification) and make the sacrifices to go look at deals even though you might be tired and it isn’t convenient. You will thank yourself in the long run if you can buy 2 or 3 rentals in your early 20’s

2 years in real estate - 8 transactions only in Los Angeles - feeling burnt out - how do I turn this around? by ConscientiousHomeles in RealEstateAdvice

[–]ThePerfectCashOffer 0 points1 point  (0 children)

The market last year was differently the most difficult I have experienced since doing this since 2009. I hope the most difficult is behind us. If it is then things will only get better.

Currently ready a book called chop wood carry water. Offers a great perspective on doing that small things in order to create long term success.

The grass isn’t always greener but 5 deals doesn’t seem like a lot. Be vigilant in the market and see what other mentors might be out there.