Negotiating | Transaction Coordination | Key Terms | General Knowledge | Marketing |
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5k Non-Refundable
What is our standard EMD?
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Title Order
What is the first step to Transaction coordination?
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Escrow Holdback
What is funds held in an escrow account after closing on a property until specific conditions are met?
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internal buyers
cold calling investorlift constant contact
How many total marketing methods do we normally use?
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Pictures
What is most important to have when you start to market?
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0 Days DD
What is the preferred amount of DD?
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Double Close
What is it called when we are both the buyer and a seller in a transaction?
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Addendum
What is a form that adds a clause to a contract?
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1% Rule
What is the rule that rental investors would like to follow?
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God Mode
What tool is best to use to find cash buyers around your subject out of state?
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Know your shit (Specs of property)
What is crucial when you go into a sales call?
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HUD/Settlement Statement
What is the form that shows the breakdown of a transaction that needs to be approved called?
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Memorandum
What is a claim or document that affects title to real estate and protects ones interest in said property?
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Networking & Selling
What are the 2 things dispo is about?
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Realtor Lists
What is the benefit Constant Contact has over Investorlift?
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0 Days DD with 2000 EMD
What is better, 0 days DD with 2000 EMD, or 3 days DD with 10,000 EMD?
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Buyer's EMD
What is the one thing you will lose money on if not followed up with properly?
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Probate
What is Court supervision of collection and distribution of a deceased persons estate?
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They can see our spread
What is the biggest con of an assignment transaction?
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Put the property address.
What is CRUCIAL that you must not do when marketing on Facebook?
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Send them your comps!
What is the first thing you should do if an investor has a different ARV than yours?
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Order Mortgage Payoff
What are the attorneys not able to do until they have written consent by the seller?
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Counter-offer
What is a rejection of an offer by a submission of another offer?
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Anyone who is owed a debt
Who can file a Lien on a property?
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Send to Internal Buyers
What should always be the first approach in marketing a property?
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