(Note: Want the best system for fixing and flipping houses in the world? This brand new report exposes our step-by-step formula for wholesaling houses site-unseen in ANY area of the country … all from the comfort of your cell phone! Learn more.)
Hey Moguls, Steve Cook here…
Entering the real estate market as a new investor can be very intimidating. That’s why so many people are tempted to add contingencies to their purchase contracts that allow them to escape from an offer unharmed. Not that there is anything wrong with this line of thinking… protection is good and necessary.
But, the error is found in the use, or I should say, abuse, of these contingencies. Buyers often use false contingencies, or “weasel clauses,” to secure their protection at the expense of the seller.
For those of you unfamiliar with the concept, weasel clauses say things like:
- “This offer is subject to the approval of buyer’s partner,” when the buyer doesn’t really have a partner.
- “This offer is contingent upon the inspection of the property by my spouse,” when your spouse has already seen and approved of the property.
The real…
Steve Cook
was a nationally recognized real estate investing educator, author and real estate investor, prior to teaching Lifeonaire life coaching system. Today he is regarded as "The Coaches' Coach." Many of the people who have been coached by Steve have become coaches themselves, eager to share what they have learned with others.