Rock Bottom Blueprint Earnest Money for Your Real Estate Deals
Posted by: | CommentsRock Bottom Blueprint Earnest Money for Your Real Estate Deals
The first things we are asked when it comes to doing Rock Bottom Blueprint Real Estate is if a newbie can really do it. Can a newbie really break into the world of real estate with none of their own money or credit and succeed like so many others claim to have done? The answer is absolutely yes! Educators from Dean Graziosi to Dutch Mendenhall have many successful students that have succeeded using those same strategies. And you can too if you have the knowledge, the desire and the motivation to do it.
So for the newbies I am going to go through the basics of the Rock Bottom Blueprint real estate transaction. To start, you find a property that meets your criteria. That could be via an agent, driving by and seeing the sign, through a friend’s referral, or a host of other avenues. Once you find that property, you submit an offer to the owner of the property. The owner of the property can do one of three things. If they like the offer, they can accept it right then and there for the contract terms. If they don’t like the offer, they can all out reject it with no other correspondence. If they like the offer but just don’t like some of the terms of the contract they can counter the offer and make adjustments to those terms they don’t like and send it back to the buyer. At that point the buyer must agree to the countered terms to ratify the contract. Once both parties have agreed and signed, then the contract has been executed and you open escrow.
To open escrow you will essentially need three things. Those three things include the signed purchase and sales agreement, the information on the buying and selling sides, and lastly, you will need to have some sort of consideration to make the contract valid. This consideration is called an earnest money deposit or just a deposit. For those of you that review the rest of this article, click on the link and take action, we are going to give you a special bonus and supply you with earnest money for your deals.
So as an investor, since you are the one buying, how can pick up a property if you don’t have the earnest money deposit? All the educators claim you can do this business with none of your own money and credit.
Well the answer lies right before you, you find outside individuals and companies that are willing to lend on these types of properties that will make that deposit. Some of the terms synonymous with these types of individuals are private lenders, hard money lenders or transactional funders.
But since you are one of those individuals who are going to go to Rock Bottom Blueprint take action and get your bonus, you won’t have to worry about that. Right! Go now, we’ll see you on the other side.
Thanks for joining us,
Randy Rider

