From the category archives:

Making Offers

Update for 11/30/11

November 30, 2011

It’s been a while since I’ve posted…not so much because there’s nothing going on, but more because everything seems to be moving very slowly these days. But, here’s a general overview of what’s going on with the business:
House #26: The Fourfecta House
As I mentioned a couple weeks ago, the lender for The Fourfecta [...]

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Lots of Offers…

November 15, 2011

I’ve had a few people ask why we haven’t picked up any new houses in the past couple months…I assure you, it’s not for a lack of trying…
We currently have offers in on 6 properties that we believe we have at least a reasonable chance of getting under contract (we don’t submit a whole lot [...]

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House #28? Maybe not!

November 10, 2011

We had verbal acceptance of an offer on what would have been House #28 yesterday. The bank sent over the addenda that we needed to sign to make the contract official, and because we didn’t have an inspection period or any contingencies that would allow us to back out of the deal if we [...]

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Follow The Offer V

September 1, 2010

A few weeks ago, I wrote several posts about an offer that I had made on an REO property. The goal was to give my readers an idea of the back-and-forth we often have with sellers when negotiating purchases and our thinking throughout the process…
The last update I posted was back on August 12, [...]

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Follow The Offer IV

August 12, 2010

I’ve love to say I had a status on the offer we made last week that I’ve been posting about…
But, unfortunately, still no word. We called the listing agent yesterday to ask the status, she said she’d look into it and get right back to us, and then no return phone call. It’s [...]

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Follow The Offer III

August 9, 2010

Not much to report on the status of the offer I’ve been discussing…
As I mentioned in my last post, the listing agent asked for our best offer last week, and we still haven’t heard anything from the bank. Assuming this were a true “highest and best” situation where there were multiple bidders, I would [...]

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Follow The Offer II

August 5, 2010

I posted yesterday the details of our latest property negotiations. As I mentioned, we had made an offer, the bank countered our offer, and we had just submitted a second counter-offer to the bank…
This morning, the bank responded by requesting our “highest and best” offer. This essentially means that the bank doesn’t particularly [...]

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Follow The Offer

August 4, 2010

Not much to write about today, but since I get a lot of questions asking about the negotiation process I go through with my REO offers, I thought I would share the details of the latest house we’re in the process of negotiating. I don’t know if we’ll end up getting the house or [...]

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Bunches of Offers

November 2, 2009

After taking the past couple months off from looking at houses and making offers (the new baby has taken up a lot of time), we spent the past couple days looking at houses and putting together a plan for acquiring more projects. It was probably a good idea to hold off on making offers [...]

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Potential Probate Deal

October 29, 2009

Last weekend we received a call from a closing attorney that we’ve worked with in the past; he knows that we’re investors, and had told us previously that he’ll let us know if he every comes across any potential deals for us.
On the phone, the closing attorney mentioned that he and his wife had walked [...]

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