From the category archives:

Making Offers

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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Where Are The Houses?

October 10, 2009

It’s been a pretty slow couple months in the business…with the baby being born, waiting to close on several houses that were under contract, and focusing on a couple future business ideas that we’re developing, we haven’t really been looking for new rehab projects.
We have been working on The Poor House for two weeks now, [...]

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House #8: First Contract

September 14, 2009

After several showings of The 16-Bid House over the weekend, we received two written offers, and several other interested buyers…
So as not to extend this deal too long (baby is coming any day now), we decided to try to negotiate the best offer to where we wanted it, and get the paperwork signed as quickly [...]

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No More Skyline House

September 4, 2009

We just can’t seem to get that 13th house purchased…as of today, we’ve backed out of purchase of The Skyline House…
I really hate backing out of deals, but there were three reasons we backed out of this one:

The title company was having issues getting clear title to the property. We were supposed to close [...]

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