Trying to stop an older client from losing a $650,000 offer - Video

If you’ve bought or sold property before you know: accepting the offer does NOT mean the deal is done ????

When I partnered with this older client, I put together a specific JV agreement to sell her home AS-IS to a conventional buyer…

The contract was specifically drafted to protect her. Before anyone else could make a penny on this deal, she would have to be paid IN FULL ????

So when she was showing reticence after we got a dynamite offer, I had to try my best to aid her through the transactions process

In New Jersey, all purchase and sale agreements have an attorney review period that is set in place…

And the sale is NOT legally binding until both attorneys sign off on the transaction

That means even though she was celebrating accepting a phenomenal offer, that means she still could lose it!

Luckily I was able to abate her fears and get the attorney review process under way ????

Wish us luck!
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David Choi is a real estate investor, entrepreneur, and private equity fund manager based in northern New Jersey.
As the CEO of Leverage Companies, David currently has over $60mm in assets under management and has taken over $100mm in small to mid cap multifamily projects full life cycle.

As founding member and partner of Brick City Capital, he has been a part of originating over $100mm in commercial financing annually, and he currently serves as an advisory board member and partner of The Da Silva Team, Newark's #1 real estate company. Prior to founding Leverage Companies, David worked for some of the largest Real Estate Private Equity companies in the country as a key member in acquiring and managing over $2 Billion AUM.

As a social media personality, David has accrued over 50,000,000 views on his content documenting his day to day in real estate investing and sales. As the founder and host of the Deals & Dollars media brand, he has given perspective and interviewed some of the top operators in the industry in order to bring valuable insight to investors across the country. In his spare time, David has founded Leverage Cares, a philanthropic company focused on bringing financial literacy to the city of Newark.

David graduated Cum Laude from Rutgers Business School with a degree in Finance with a concentration in Real Estate, where he now currently serves as a Professor teaching Real Estate Finance.