Investors of Portland Fixers, Flips, and Rehabs : Episode 3 Chris gets Pre-aproved and We Make some Offers
By Herb Hamilton, Real Estate Broker ,CDPE, Downtown Portland
(RE/MAX Preferred Inc. Realtors)
At the end of Episode 2 the question had been asked about Chris's interview with a lender. Like I said I think I am just fine. Well Chris I said, you know that any Seller who's home you offer to purchase is going to request some sort of verification that you have the ability to purchase. The pre-qualification request that I made of you was not a suggestion. If you intend to purchase you must have this out of the way.If they want to sell these Fixers bad enough they will look at my offer. Chris, I said, there are at least 25 other rehabbers looking in the Mississippi and Alberta Arts neighborhoods that you are competing with. I will guarantee you that they have their ducks in a row when it comes to financing. If you were the Seller, who would you sell to? Okay I got the Point, the guy I ...