STEP 2
PICKING A DEAL FROM A DUD.
THE SEARCH IS ON LOOKING FOR THAT PERFECT FLIP!!! DECIDE ON A TARGET AREA THAT INTERESTS YOU.DO SOME DRIVING(LOTS OF DRIVING) THROUGH THE NEIGHBORHOOD.ALL THE WHILE LOOKING SIDE TO SIDE FOR HOUSES THAT ARE DISTRESSED,MAYBE AN OVERGROWN LAWN,BOARDED UP WINDOWS(YOU GET THE IDEA).WRITE DOWN THE ADDRESSES, LISTING OFFICES AND TELEPHONE NUMBERS. ONCE YOU HAVE DONE YOUR RESEARCH ,CALL YOUR REALTOR OR THE FSBO(FOR SALE BY OWNER) .ASK THEM FOR THE ASKING PRICE AND PROCEED TO SCHEDULE AN APPOINTMENT TO VIEW THE INTERIOR.ONCE YOU HAVE SCHEDULED AN APPOINTMENT TO VIEW,TRY TO BRING YOUR CONTRACTOR W/ YOU.THIS WILL ENABLE YOU TO CRUNCH NUMBERS CORRECTLY W/ RESPECT TO IMPROVEMENTS.(THE CONSTRUCTION NUMBERS PLAY A MAJOR ROLE IN YOUR OFFER TO PURCHASE ).IT'S TIME NOW TO CRUNCH THE NUMBERS AND SEE IF WE HAVE A POTENTIAL DEAL.
STAY TUNED FOR PART 3 TOMORROW !
REGARDS,RON MOLCHO,MANAGING BROKER @ AMERICAN HOMES OF SI. 718-981-3400
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