vijuk

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So far vijuk has created 8 entries.

A Realtor Oops and Then a Refusal to Sign a Release

A Student called to tell me he had a buyer for his first rehab property. Unfortunately, his repair estimate was off slightly and the appraisal came in low. The net result was he would probably lose $5,000. Not a good start to a rehabbing career but typical of what can happen if you aren’t […]

Acceptance Periods Can Be Deal Killers in Real Estate Contracts

Acceptance Periods Can Be Deal Killers in Real Estate Contracts
An Acceptance Period in a real estate contract is just what it sounds like – a specified time period in which a buyer can accept the contract offered by the seller or decide not to accept it.  Interestingly, this very simplistic clause in a real […]

Student Apologizes for 96K Month

STUDENT APOLOGIZES FOR HIGH FIVE-FIGURE MONTH

I was checking in with a Student who has been doing deals like crazy for the past year.  After we got past the pleasantries I asked how his business was doing and he sort of snickered and said that he hadn’t been able to break his $100,000 a month […]

$61,338.39 Profit

$61,338.39 Profit

By |July 29th, 2014|Recent Deals|0 Comments|

$43,916.00 Profit

$43,916.00 Profit

By |July 29th, 2014|Recent Deals|0 Comments|

$20,334.40 Profit

$20,334.40 Profit

By |July 29th, 2014|Recent Deals|0 Comments|

$14,934.20 Profit

$14,934.20 Profit

 

By |July 29th, 2014|Recent Deals|0 Comments|

Warning to All Rehabbers, It Has Started Again!

A student did her first complete rehab and got a rude surprise virtually at the closing table.  It seems the lender who approved the well-qualified buyer who had a 20% deposit suddenly asked the student for the expenses associated with the rehab.  This lender suddenly decided to use “FNMA Guidelines” on the amount of […]