Blake Choisnet Coaching

How to Back Out of a Deal when the Rehab EXPLODES

You try to prevent it.

You do all your due diligence, run your numbers, underwriting, inspections galore.

But sometimes things don't work out.

Sometimes rehab just explodes no matter how hard you try to rein it in.

The reality is sometimes you SHOULD back out of a deal.

But how?

How can you back out of a deal without losing future deals? Or being sued?

Find out here!!


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When to BAIL on a Deal

Okay, so you've found your market, you've identified deal sources, and you FINALLY get under contract on the property.

But during your due diligence work you get surprised by something that completely BREAKS your numbers...

New roof
Foundation overhaul
Condemned property
Major plumbing issue
Electrical rewiring
Zoning issue

And on and on and on the risks go.

Heck, I even had a property where we found one of the foundation piers was an old STUMP.

What do you do in this situation?

Should you just keep on grinding and make the deal work or should you cut bait and run?

At what point should you just BAIL on a deal?

Find out here!
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How Long Should It Take To Raise True Private Money Lenders?

Just because you have private money accessible doesn't mean you should wait until the very last minute when you need private money to start looking for private money lenders. But how long should it take? Should I start searching for lenders once I have a property in line or should I get commitment from a private lender first?

Join me as I give you the answers!


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Seasoning Requirements: Am I Doing Something Wrong?

I recently got a question from a student of mine saying he had heard of new investors having significant issues with 'seasoning'. The trouble? He wasn't having issues. Is he doing something wrong? Is he missing something?

Join me as I answer his question and talk through what new investors need to do to avoid surprise challenges with refinancing BRRRR properties.


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How Do I Find Comps??

Are you struggling to find accurate comps for your property so that you know what you are getting yourself to? Are you wondering whether the date range your property manager is looking at is long enough at when it comes to find comps?

With Covid bringing the number of listing down how will that affect ARVs and appraisers?

Join me as I guide on how to go about finding the right comps for properties within your area!

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What Should You Expect At Closing

What should you expect from a first closing? What do you need to be prepared for? Do you need to be there physically or can you close remotely? What documentation do you need and how much time do you need?

These are some of the questions that run through your mind as you look at closing a property. Join me as I breakdown what documentation you need to have and how much time you will need to close on a property!


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How long should closing take?

It's your first time closing on an investment property. Not only that, but it needs renovation work, exists in a remote market where you don't live, and you don't want to drive (or worse ... fly) to closing.

What are your options? And what should you expect?

Learn what to expect at your first closing - join me!


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