Ok...who in this forum hasn't given up a day, a week of their life for a deal that got away. Maybe it did not exist!! I am so guilty, but it won't happen to me or my clients.

One of my mentors, who has done extremely well, used to warn me of THE BUMS RUSH. That's a deal that has to be done yesterday to take advantage of this wonderful opportunity.

They will immediately email an impressive NCND, Fee Agreement, and request a LOI by the next tick of the clock or it will be too late.

Most of the time its already too late. How many reading this have seen the same deal presented week after week by new people. How many have had their own deals repackaged and presented back too them as fresh deals???

The facts are, it takes time to buy anything. I have never seen a single house bought and sold in one day, much less a bulk billion dollar package.

The BUMS RUSH stops people from exercising normal good judgment. Of the deals I have seen go thru, the common grounds are:

1) Verified buyer,.................

2) Verified Seller....................

3) Verified Properties.......................

4) Actual Cash Deposit in Escrow

5) Actual Due Diligence Performed by the Buyer Team

6) Negotiations by Buyer and Seller Team

7) Close and Fund

Have you ever called a closing/title company and tried the BUMS RUSH??
How about the County Clerks office to get the deeds processed in a day???
Is it really conceivable to do Due Diligence on 47 homes in 2 days???

Should't this deal be ran past an Attorney ??
In all this Bums Rush did you even bother to get some of the facts straight???

Now, I do agree that if the deal looks good, and the buyer and seller are verified, then by all means demand a contract, make the escrow deposit, and get moving on due diligence.

Only then can we get to negotiations and fee agreements. I recommend that serious buyers have a "Package" of docs and procedures ready to go for the deal they wish to tie up.

There are deals snatched up by Professional Buying Groups who are prepared to purchase, and have an acquisitions team that does not waste time. That's not Bums Rush...that's being prepared to recognise and seize opportunity.

I won't succumb to the Bums Rush....Neither should You