BSFF Podcast 173 – Scenario Questions #16 -
Update: 2015-12-23
Description
In today's podcast we will be going over a situation that another investor has recently found himself in.
As I read through this scenario, I will answer any questions they have and I will explain what I would do/have done in this type of situation.
Show Notes
In This Scenario, We Cover:
* I am in a situation where my deal can close at any moment but my private lender is getting cold feet and wants to order an appraisal which can take 5-10 days to get.
I have assured him that a BPO is just as valid of an opinion unless we are seeking a standard loan.
There are now two additional brokers who have concurred with the price of my BPO.
His primary concern is that, as this is a vacant land property, there could be unknown/unforeseen issues that a residential property broker would not see.
What can I say or do to convince him that we have a very solid opinion and move on?
Tweetable Topics
Resources
Please send questions you would like Michael to answer to support@bsffacademy.com and he will answer them on one of his upcoming podcasts!
Yellow Letters – www.YellowLetters.com
As I read through this scenario, I will answer any questions they have and I will explain what I would do/have done in this type of situation.
Show Notes
In This Scenario, We Cover:
* I am in a situation where my deal can close at any moment but my private lender is getting cold feet and wants to order an appraisal which can take 5-10 days to get.
I have assured him that a BPO is just as valid of an opinion unless we are seeking a standard loan.
There are now two additional brokers who have concurred with the price of my BPO.
His primary concern is that, as this is a vacant land property, there could be unknown/unforeseen issues that a residential property broker would not see.
What can I say or do to convince him that we have a very solid opinion and move on?
Tweetable Topics
Resources
Please send questions you would like Michael to answer to support@bsffacademy.com and he will answer them on one of his upcoming podcasts!
Yellow Letters – www.YellowLetters.com
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