Ask anyone who has tried to setup a back to back closing in the last couple of years what the number one problem they encountered was. Sure, finding properties, end buyers, financing, and so on may have played some role in the equation, but if you can’t get the deal to close after you address those other problems, then all those other issues become largely irrelevant. Title seasoning related issues have undoubtedly caused more grief for investors trying to leverage low cost transactional funding to quickly turn over a property than any other problem.
Why do deals fail?
The topic of why deals fail is one that we make a serious study of and as we are coming to a close for the year, we wanted to share our insights with you so that you can avoid these problems in the future.
Many of the deals we see make a lot of sense when you run the numbers, but for one reason or another, they just do not come together or fall apart at the last minute. In reviewing all of the transactions over the last year (literally hundreds), we’ve narrowed down the top reasons for why deals failed up to December 2010. In virtually all of these cases, these problems could have been headed off very easily, if they were setup right from the start.
So, The number 1 reason of why deals failed in 2010 is….
Today’s the day! We’ve recently relaunched our website with lots of great new content, and best of all, Our FlexiTerm Hard Money Loan Service. We’re really excited about being able to offer our clients this new loan product allowing them to access to deals where transactional funding just wouldn’t fit.
Moving forward, we’ll be able to continue to share the amazing wealth of information that we have been providing over the phone and e-mail, right here on our blog. That will not only give you timely access to the latest developments in the real estate world, but also real world usable tactics to use in your business.
We continue to look forward to ways that we can make your experience in working with us easier, faster, and more profitable for you than ever before. We welcome any ideas on making your experience a better one, so let us know your needs!