One of my subscribers Kevin from California had some questions that I thought many of you would benefit from so I’m answer in my email message today.

Question: My first question is when you make on offer on a home and it needs some fixin does the investor purchase the home up front or after i have fixed it up?

A. Nothing like a good strong answer like “It depends” is there Kevin? If you do the rehab yourself, you will generally make more money. However, some folks, like me for instance, don’t do rehab and just flip the properties “as is” so that’s the other option you have so there is no set answer. Another factor is what your investors want. Some want finished houses, others do rehab themselves so you can do it either way.

If you want more information on “investors” and other guerrilla financing questions, my book “Make A Flippin’ Fortune” can give you all you need to know. I wrote it specifically for questions like this.

http://MakeAFlippinFortune.com

Q.What exactly should i asked the clerk in order to get this information on these probate homes?

A. Just tell the clerk you are researching Probate files and you would like to know their procedures for viewing.

Q. When i make an offer and the seller agrees how long do i have to pay the seller?

A. You will have to have your funds available at closing and the closing date is very flexible. The buyer and seller agree on a closing date and it is normally outlined in the Purchase agreement. It is generally a statement like “Closing will occur within six weeks.”

If you the buyer have already built your “investor” list and you know who you are going to sell to, or assign to” it greatly relieves the pressure on you. This also addressed in my Flippn’ book.

Q. When i purchase the home am i free of any tax liens or any other hidden costs besides repair?

A. Liens do not transfer with title. That means at closing all liens against the property must be satisfied by the seller.

Q. And also when you say your going to make an offer with cash does the investor know this and do they normally have that much cash to throw down?

A. Not quite sure about this question Kevin, but my investors do have all cash for any transaction I do. That’s the beauty of building your buyers (investors) list ahead of time. You know they have the funds ahead of time.

The other advantage is that if you decide to assign the contract, you know they have the money to pay your assignment fee.

Again, for more information on questions like these, please go to

http://MakeAFlippinFortune.com

As I have said many, many times, getting the money for these Probate deals is the easiest part of my strategy.

One last thing.

Stephanie asked me yesterday if there was a discount if she bought both the Probate book and the finance book at the same time.

My answer is “ABSOLUTELY”.

If you go to my website

http://BuyProbateProperty.com

and go to buy the Probate book, you will have a one time opportunity to purchase both books in combination at a $20 discount. All you need do is click on the buy button for the format you wish to purchase and the discount offer will automatically appear.

Do you remember last week I told you another company was asking for reviews about Probate courses that are offered online?

Well, guess what?

Twenty-two of you took time to send them your comments.

Thanks folks.

And you know how Big Brown won the Kentucky Derby by a ton?

Well, you can now call me Big Ron!

Out of the 22 reviews, 21 gave me 5 out of 5 stars and one gave me 4 out of 5.

“The winner and still Champeen of the World, Big Ron” Got to be a boxing fan to get that one.

But here’s the interesting part.

Even though everyone was complimentary about my books, most said they were far too cheap. I should be charging more for what you get.

Charging more? Now there’s a great idea.

The Darling Bride Sharon tells me this is a fabulous idea!

I’m thinking about it but for now, you’re in luck. I’m still keeping the old “cheap” prices.

But I am trying to figure out how I can work the “gas price increase” angle. Everybody else is, right?

Be Happy!

Ron Mead, The Probate Guy
www.BuyProbateProperty.com
www.MakeAFlippinFortune.com
www.LegalCreditScoreTips.com

This entry was posted on Thursday, June 19th, 2008 at 3:12 pm and is filed under Uncategorized. Responses are currently closed, but you can trackback from your own site.