Flip per Month with Offers2Owners

Jack Butala: Flip per Month with Offers2Owners. Leave us your feedback for this podcast on iTunes and get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening.

Jack Butala:                         Jack Butala with Jill DeWit.

Jill DeWit:                            Happy 2017.

Jack Butala:                         Oh my gosh, it is. It's the first day.

Jill DeWit:                            It is.

Jack Butala:                         First work day I guess.

Jill DeWit:                            First work day.

Jack Butala:                         Man, that's great. I'm all wrapped up in the topic today and I didn't even think of that. Welcome to the show today. In this episode, Jill and I talk about a flip for month with OffersToOwners.com. It's a website we're just about to launch and you get the first glimpse.

Before we get into it, Jill, let's take a question posted by one of our members. As always on the LandAcademy.com online community, it's free.

Jill DeWit:                            Cool. Okay. Kathleen asked: "If an offer price is renegotiated with the seller, should you send out a revised purchase agreement reflecting the newly agreed upon price with the new deed to the mobile notary for signing, or no?"

Jack Butala:                         I'll give the background or set this up for you and then you can answer but I'm pretty sure we have the same answer. We'll see. What happens is, we all, in our group, send out a bunch of offers and some of them come back signed.

A lot of times people call back and say, "Hey, you know, I got your offer and I really do want to sell it but your price doesn't work. I would love to get X for the property," a different price, usually a little higher. Sometimes it works, sometimes it doesn't but you go do a little bit of back and forth on the phone and everybody agrees.

Do you need to revise? We sent them, our group sends out, or we send out, offers to sign anyway. Do we need to send a revised one or do we initial a new one? What do you think, Jill?

Jill DeWit:                            I don't think it matters at this point.

Jack Butala:                         Exactly.

Jill DeWit:                            I don't, no.

Jack Butala:                         It depends on the person, you know?

Jill DeWit:                            Yeah. True.

Jack Butala:                         In general, I almost never send a new purchase agreement or a revised purchase agreement. I might, if I think the seller's not real too interested or they don't sound motivated, I might have them do something, let's say initial the original offer that they have sitting there and change the price, cross it out, initial it and date it and fax it in, if they're older, or scan it and email it in if they're-

Jill DeWit:                            Right. It's a little bit of a call to action.

Jack Butala:                         Yeah. Just-

Jill DeWit:                            A little bit more of a buy-in kind of a thing.

Jack Butala:                         Yeah.

Jill DeWit:                            That's it.

Jack Butala:                         Let's see if you're serious, money where your mouth is kind of thing.

Jill DeWit:                            Mm-hmm (affirmative). Usually, it's like a handshake. Usually, it's like, "Okay, Mr. Smith. Okay, we all agreed on X. Yep. All right." Then, we're setting up the notary and then we don't even talk about it anymore.

Jack Butala:                         Yeah. Exactly.

Jill DeWit:                            That's usually how it goes.

Jack Butala:                         Exactly. I don't recall ever sending a notary out to get an original signature on a purchase agreement for these types of assets.

Jill DeWit:                            You know what? That is a nice little point too. Yeah. If for any reason,