Frequently Asked Questions - Hunting

You are not the only hunter running around here. 70 properties EVERY DAY are purchased by investors. There are bullets flying everywhere. The average investor has to put in 6 offers to get one property. If you are intimidated by this, please go find another market.

About 3 of them will be gone by the time you have dinner. You will have to make about 6 offers on the properties that are left in order to have a chance of getting one. Making one offer after visiting a few properties is a wasted effort.

Sometimes. Generally, a property that's in "A" condition can be purchased at about 8% over list. A property in "F" condition can be killed at about $15% below list. By using a shotgun and bidding on 6 properties with a wide scatter pattern, you will get one.

• The first thing to know is that this never happens. Offers are accepted / rejected over a 3 week period. They don't come back all at once.
• We write contracts that expire in a day. Consequently we are not obligated if we get an answer a week later.

No. We use one deposit (aka EMD) check for all your offers. Once an offer is accepted, that check will be deposited to a title company.

You will make a cashier's check made out to "TITLE or YOUR NAME" in the amount of $3000. The reason why it's made out to both Title and your name is because if we don't get an offer accepted, it will be easier for you to cash it. We don't know the name of the title company yet so that's why the check is made out to "TITLE." NOTE: The cashier's check must be made out from a US account.

It gets ridiculously hot in the summer. By 2pm it can get to 115 degrees (46 degrees celsius). We have had a few occasions of investors passing out. We start at 0700 and finish at about 3pm during July, August, September. If you have issues with this, you either need to come in the fall/winter OR find another company to work with. We are not ambulance drivers.

Less than 10%. Do not fall in love with these things. There are about 20 other investors & primary home buyers that love it as much as you do. They often love it more than you do so let it go.

They will hold out for a response for their favorite property and reject the other ones that were accepted. Their favorite property took 2 weeks to reject them and they end up with nothing. If you are not prepared to mentally let go of which property you are going to get, then you will have to sign up for paying way over list to get your favorite.

Don't be embarrassed. 1 out of 3 investors who go hunting fly back home empty handed. They were either unprepared, made low offers or held out for their favorite property which was rejected. If you are unsuccessful, you are welcome to go computer hunting. You can hunt properties that have been visited 24x7 by telling us how much you want to bid on them.