Who get's the worm? I want you to get the worm!!

When a property becomes a good deal you are not the only one that is going to know about it, I am not the only one that is going to know about it. The point that I am trying to make is that this isn't hidden information, its public knowledge and the early bird IS going to get the worm!! So when you find it you need to buy it. If the numbers work its not the time to hem and haw its the time to buy!

Now I don't want you to think that you have to close on the property just because I am telling you to buy it once the numbers work. OF COURSE I want you to do your homework, OF COURSE you need to have the home inspected, OF COURSE you need to do your complete due diligence, but would you rather do that while the home is still on the market for a competitor (and that's what all other investors are) to purchase, or would you rather do it all when you are under contract? I vote to do your homework while the home is "yours" and if you don't want it after your homework is complete..... JUST GIVE IT BACK!!

There are things called clauses in contracts, certain legal "outs" to protect the buyer and seller.....YOU MUST USE THESE TO YOUR ADVANTAGE!! Take the time legally given to you to do your homework. If you find termites, walk....if you find a hole in the roof, walk....if you find mold....walk!! But please...oh please give yourself a chance to acquire your new investment!! Don't lose money because you decided to procrastinate!! If you wait to put an offer in until your homework or due diligence is complete then guess what....the home WILL be gone, I promise you someone else WILL buy it. And what's more frustrating then spending time and money on research and inspections only to find out that the home is no longer available. I've been there, and excuse the lack of political grammar but ..... IT SUCKS!!

Use your inspection period to your advantage buyers!!

Call for more information or to have any questions answered:

Rick Rapp
Real Estate Investment Specialist
rick@rickrapp.com