How to Get Your First Real Estate Investing Deal Closed

[yellowjag]

Isn't it awful, agents do things legally.

[darris321]

@yellowjag why do you need it to be done legally? Many countries don't require any laws around home sales contracts. it's your house you can sell it however you damn well please, all you need is someone who wants to buy it.

[majinspy]

The reason all of these suggestions wouldn't "fly" with a realtor, is they are nutty ideas. These ideas take huge advantage of sellers. Having a contract with "outs" (i.e. easily and arbitrarily activated contract negations) is a huge advantage, as is having 90 days to close. Any realtor would recognize these as crazy and advise their client that it is BS>

[priddle34]

@majinspy Well, that's one way to look at it. What if you help a motivated seller find a solution that the traditional market cannot offer? (you get their house sold fast to an investor or get it financed through hard money or private money) Would that be taking advantage of sellers? Also, be up front with everyone you do business with. If you're new to investing, tell sellers. Let them know exactly how you plan on helping them sell their house fast.

[majinspy]

@priddle34 So tying up a seller for 3 months with a contract that includes outs specifically designed to allow the potential buyer to back out of the deal at will is ethical? This is basically a home speculator trying to shift all of the risk on to the seller, while still keeping the upside. This video should be entitled: Why you should hire a realtor to protect your property from bastards.