Forrest McGhee
Active 3 years, 4 months agoForum Replies Created
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Hey fellow Cashflowers,
We are going to keep moving forward. until we see significant changes in the market. We really don’t think any administration wants a bad economy on their laps and if recent history is any clue, they will attempt to borrow their way out of a cool down. Interest rates will stay relatively low as well IMO.
Our Company plan is to keep doing median price home flips, wholesale the properties that don’t fit our model, creatively structure and hold whatever we can that cashflows, and look forward to not needed a mask to walk inside a building.
Hello group,
First, we would have attempted to gather some more information and see if they are interested in a structured deal and take some time to explain the process before sending out a 3 option LOI. We would not assume that a seller who has an asset of 140k plus in their possession and not willing to take a 2 day trip to see it for themselves would know the benefits of cashflow or how to make wise financial decisions.
Let’s say they are open to payments, then 3 option letter of intent would work well. We would send it within an hour via electronic signature.
From the details provided and no other info, Our Company would provide a cash offer somewhere around their desired price, inspect the property, renegotiate if needed, find a private lender to do the deal after we determine the proper exit strategy and have a workable deal, she does not appear to want any ties to the property.
