Ashley:
If you think the highest offer always wins, think again. Today we’re breaking down the creative strategies rookie investors are using to get their offers accepted without overpaying.
Tony:
Plus, we’ll walk you through exactly what to do when your tenant stops paying rents and you’re staring down your very first eviction.
Ashley:
And if you’ve ever wondered whether your nine to five job is setting you up for real estate success or maybe it’s secretly holding you back, we’ve got some honest advice you won’t want to miss.
Tony:
These are three Ricky situations we see all the time, and by the end of this episode, you’ll know exactly how to handle them just like a bro.
Ashley:
This is the Real Estate Rookie podcast. And I’m Ashley Kehr.
Tony:
And I’m Tony j Robinson. And with that, let’s get into our first question for today. So question number one. The question says, what are the different types of offers you can make on a property beyond just offering at or below asking price? I want to be more creative and competitive with my offers. What strategies do experience investors use to structure offers creatively? Great question. And I think a lot of Ricky’s ass should do just kind of focus on price as the only part of their offer. But maybe let’s start by breaking down what are all the different elements that go into an offer? And I think for rookies that are curious, if you ask your agent for a sample purchase and sell agreement, that’s all the different things you have to fill out as you’re going through. So just off the top of my head and Ash, jump in here as needed, but obviously you have your purchase price.
Tony:
That’s one big piece that a lot of folks are going to focus on. The second thing you have is your closing date. So how quickly can you close standard purchase and sale agreement’s going to default in most places, I think to 30 days. If you’re in New York, I dunno, maybe it’s like six months because it takes forever…