Posted by: Investor ®
03/20/2003, 18:43:53
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Hello Scott, I have a property that I am trying to put a contract on through a Realtor. I found this property before it went on the market and just so happens the owner is interested in selling. He stated that the owner would sell for 98,000 but the RRV is 170,000. I have a wholesale buyer lined up and ready. He told me to say "Would you take 90,000 if i can settle within 15-20 days" The wholesale buyer wants me to put it under contract when I go see the property this Saturday. He stated that the Realtor will provide the contract and I am to add this part - contract subject to a structural inspection paid by purchaser within 5 days. If inspection is not satisfactory to purchaser(s) at his/her sole discretion, contract is null and void. He also stated if the Realtor asks about the proof of funds, write in contract proof of funds to be supplied after all contingencies have been satisfied. I am going to see the inside of the property this Saturday. I bought your Instant Cash Wholesaling houses. I see your repair checklist. Do I bring this document, but I wouldn't be able to tell what needs fixing. This is my deal and any advise would be greatly appreciated.
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