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Daily discussion on real estate related issues. Bring your questions and your answers, and join the discussion at Facebook.com/groups/kcrei/

TREATING CEILING WATER STAINS

Option 1 Bleach: Mix 3 parts water to 1 part bleach in a spray bottle. Mist the area, let dry. Repeat till stain is gone.

Option 2 Kilz: Spray Kilz Upshot lightly. Feather it in as you spray to blend it in.

Option 3 Ceiling Texture: Buy popcorn ceiling texture and sift out the popcorn part. Mix with remaining powder with water to paint consistency, then use as paint.

Option 4 Paint: Paint the entire ceiling———-

HOW MANY VIEWINGS TILL YOU GET A DEAL

The Gurus tell us you must look at 100 properties before you get that deal, but is that correct?

Newbie Investor: Should view at least 100 deals and analyze them so they actually know what a deal is.

Wholesale Investor or Marketing Investor: Would probably send out 1000 letters or get 1000 online views of a paid ad that would result in 100 leads. Out of those 100 leads, a small portion would be motivated enough and qualify as a potential deal. Then the investor might look at 10 deals, to make 2 or 3 offers, to get 1 deal.

Experienced Investor: That is established as a player that knows a good deal when it is put in front of them, who is known for making full price offers and closing as planned, gets deals handed to them. Relators and Wholesalers who have a good deal and don’t want to waste time and money call these experienced investors with their deals who look at one deal and buy it. Establishing a good reputation as a buyer gets you deals. Often you are the only person who ever sees or gets the chance to make an offer on the deal.

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MAKING YOUR BID STAND OUT WHEN IN MULTIPLE OFFER

When you are making an offer on a home and the listing agent tells you that they are in multiple offer situation, what can you do to make your offer stand out?

Make Your Best Offer: No matter what anyone else does, make your best offer in price, terms, inspections and closing dates, that way you know you put your best foot forward.

Cash is King: If you can actually pay cash, make an all cash offer. If you are using a Hard Money or Private Money lender, make sure that you include how fast the lender can close in your contract. Be sure to include proof of funds or letter from your lender noting their time to close.

No Inspections: This is not a good idea for all buyers, but if you know what you are looking at and have no intentions of making an inspections, make sure to include “no inspections” in the contract.

Fast Closing: The sooner you can close, the sooner the seller and the seller’s agent gets their money and the less time you have to back out. For a very motivated seller, like a person with a vacant house, the less time for something bad to happen to the house and lower the value the better.

Large Earnest Money Deposit: Forget the usual $500 to $1000, make it $20,000 or even the entire purchase price, placed in escrow at the title company. You fully intend to close and you get it back if the seller can’t perform.

Good Reputation: Investors who buy a lot of properties get a good reputation for doing what they say they will do. A seller who sells a lot of properties may take your offer despite it being less than others because they know you will close. Get a bad reputation and no one will ever take your offer.

REALTORS CAN NOW USE RPR TO BUILD MAILING LISTS

Realtors Property Resource®, a nationwide data platform and a wholly owned subsidiary of the National Association of Realtors®, is pleased to introduce Mailing Labels as a new feature within its array of products and programs exclusively for Realtors®. RPR users can now create readyto-print mailing labels for farming, prospecting or direct mail marketing within custom geographies.

Realtors can generate up to 2,000 pre-formatted labels per month for mailings to residential or commercial property owners based on any RPR search. The easy-to-create labels are available in popular formats and users can choose to export results into a standard CSV file.

SUMMER 2019 REAL ESTATE JOURNAL

The nationwide source for news & information about the real estate investor industry, is published quarterly by the National Real Estate Investors Association and circulated to over 40k real estate investors across the country.

Get your copy today at RealEstateInvestingToday.com/Real-Estate- Journal