FAQ: Answers To The Most Asked Questions - Start Here

If anyone know the answer to this please let me know. I was just curious after reading about this offering technique, if he goes to look at all the houses he puts offers on or if he just takes what he knows about the property from listings and comes up with a rough figure for the FMV.

i live in santa rosa, ca. anyone near the area 10, 20 or 50 miles away, my email is
[edit: please do not post emails or phone numbers]

take care and good luck out there

Hello everyone,
I am really new to this and need help with a few things, I have no income, have bed credit and Iam trying to find Hard Money, Private Money Lenders and I am not haveing very much luck.

I have red the books watched the videos and done my due diligents still haven't done my first deal, but I know that I will be soon. (I BELIEVE)

Is their someone here that has done this in the WASHINGTON STATE area, would love more information.

Thanks

I need help im in the kc mo area and i need help to get started in this i know were some place are at but i can not to get monney to buy them because i could get pre apoved for loan with the 25% down that is need to invest but if i was pre apoved for fha max of 45,000 but most that i have looked at will not go fha for single famly or mutilable famly sorry my spelling is not the best thank you for you help rob kaz

Hello, Someone will read this post and hopefully be able to help me. 2007 I sighned a lease purchase option. And about one month later the owner was trying to force me to buy the property before the two year lease is up. I could not afford to buy the property and have credit problems so I did not qualify for a loan. The ownner stop paying the morgage. The house is now up for short sale and is in forclosure. Does any one out there have any creative ideas I can use to keep this house? It is a beautiful 2200 sq.feet contemparary home built in 2005 In excelent cond. 4bed rms 3baths. second story hme. With the gourgeous montain back drop as a view + city lights I will post pics soon Please helpme I have lost 30.000 in this home

I wanted ask is there a trial period for the academy like there is a 30 day money back guarantee on the book? Also, if anyone has had to use that for whatever reason. Thank you.

Does anyone use bandit signs to advertise? If so, what do you do to avoid being fined. If I do this should I use a pre-paid phone that can't be trace to me?? I want to get started but I don't want to have a problem with the city.

I am new to this. Very excited. Just received all of my material. Am going to lock myself in my office for 2-3 days and saturate my brain with as much info as I can possibly take, then take a one day rest and do it all over again. I am, however, getting a little overwhelmed by the amount of phone calls I'm getting from a person who originally represented themselves as being involved with DG. After getting deeper into coversation and asking repeated questions differently, he told me that he has nothing to do with DG and that he is with a company called PMI.

Has anyone been contacted by this company to be their next "success story" and if so, are thy legitimate? He's looking for an "investment" to train directly with real estate professionals. Please advise with any info that would be helpful. Thanks.

Paul Plage

Hi Paul,
Welcome aboard the greatest opportunity by far! Seems like your off to a great start. Dean has a quick start support group called the Success Academy. You can reach them at 800-330-5759. I would reach out to them with any question you may have concerning support. If the person caling told you he is not an affiliate with Deans. Then be careful. Unfortunately along the road of greatness there are many test. Give the academy a call if additional support is needed. But in the mean time stay focused with your material and getting involved with this forum as you are doing is the most amazing way you could advance to your ultimate goals. Dean's program is a once in a life time opportunity. I've been around and thru enough to know in life he is the BEST OF THE BEST!! Continued success to you..............Lubertha

Hello everyone: I have found what maybe my first deal and fear has a tight grip on my mind.

The owner of the property is motivated, I can hear the frustration in his voice. Will you please help me to assest this to see if it is worth pursuing?

owner asking price 39,000

i acre land

1000 sq ft,,,,good school district....low crime area

3 br 1 + 1/2 bath
owner said tax value 53.000

said he inherited property

took out 36,000 home equity loan

gutted kitchen & bath to redo

got a job offer in another city

house is abandon

say he wants to pay off loan

+ have some for down paymen on another home

not interested in owner financing

I have an appointment to see property next week and will take pics.

Will you please assist me in how to go forward with this one, and if has any potential for profit.

Thanks ever so much
Flo

How do I find Pre-foreclosures and Foreclosures in my area ?

I had found a house I wanted to lock up for a profit! But I dont know what all should the assign contract include. Could someone please give me a list of detail of contract should include. And a copy of the assign contract would be best!

Don't want to be a bother, but I am interested in buying and selling condos. They seem to have homeowners association fees and certain restrictions. Am I able to buy and sell or assign the same as I would be able to with a home? Could you please direct me to a location for info on this. Thanks so much, elaine

Need to know who goes in the 2nd blank of the invester dislosure notice and sellers acknowledgment where it says? This sale shall be contingent upon the investor finding a buyer that shall qualify for financing according to accepppted criteria of___?______ and its funding sources. please help dont want to sound like i have no idea what im doing when talking to seller and asking him to sign a contract that i cant explane. THANKS
if this is not hte right place for this question please let me know where to put it and im sorry.

Hi Richmac
There is a website that Dean offers called foreclosurealert.com. This site is amazing! Much success...Lubertha

you're going to have to do your due diligence and find out what other comps have sold for in that area (use comps that are no more than 0.25mi-1mi from) where subject property is located. Also run a title check to see if any other liens are against the property and the exact amt owe to the Lender(s) the Seller got the loan on the home from. Find out what repairs (if any) need to be done to the house and if any systems in the house need to be updated or put in (i.e. A/C cool/heating). Take all that information you gather; substract your profit, repair costs, closing costs if you're going to hold on to the property from FMV & present your offer to the seller. Make sure you have your exit clauses in the contract; inspection contingency & appraisal.

Does anyone have a sample Finder's Fee Agreement that I can adjust for use in Nebraska?

Try to find out out many payments the owner is behind on. Also go seek advise from a real estate attorney to find out what your rights are! since you were coercion into trying to buy it early before your lease option was up. If you can come up with the money some how to bring the owners payments current; have him sign the deed over into your name to keep the house for yourself. Also find out what is monthly mortgage payments are (include taxes, insurance, principal & interest) and any HOA fees (if applicable).

HML or mortgage brokerage firm your buyer is using.

...a FORCLOSURE and a REO is the same thing??? thanks for your patience with this newbie LOL

see now i'm confused!

Hi,
I just started reading the book and I have been reading of this Website for about 2 weeks now, and I believe this is great, how everyone here is able to help each other!
So, I found a foreclosed property in NJ, that was about 50% under it's Fair Market Value, I went to look at it and it is a very good deal. Now, since I have no money right now, and I'm not pre- approved, I was looking for buyers to re- assign this property to.
As I replied to some Ads via email, a few buyers, showed interest but they questioned me, on whether or not I was the owner, and I told them, that I was also, an invetor but that I couldn't close on this property because the bank was looking to close by the end of the month and I had other deals I was working on. Any how, I stated, for a finder's fee they can make an offer and proceed with this particular deal.
This one buyer replied, and said "I'm not sure how you get a finder's fee on MLS listing", "I thought one needed a lincense to get a finder's fee as an agent".

My question is, What is MLS?, I never told anyone that it was a MLS listing...

Also, Why do I need to ask the buyer for a finder's fee? I thought that I should adding my profit on the Seller's Side. I had already asked the Real Estate Agent about my profit and it was ok, as long as th bank accepted the offer...

So I'm confused about that.

Can some one please help me under stand.

WRUA

just remember arizona is the only state that does what it wants lol. so it will appear to be following a different time zone depending on if we are in DST or not. confusing.

hi i am a newbie can't get started any where i talked to coaching the other day they said i had to pay first the minum. i don't have that kind of money,or a credit or debit card how else could i get started i know once i learn the ropes i won't fail i have coustomer service skill i know how to run a business,i know bout sales,the only way i can pay for the coaching is that i'm suppose to recive a settlement of my late mothers getting a hold of the atterneys is the hard part.and wondering bout my money.. what should i do no matter what corner i tun people want money..

If a property has be foreclosure on it's now a real estate owned by the Lender that foreclosure on it.

I'm new to all of this just finish with both of Dean's books and still I am at a lost to were to start. I've been trying to get some of my friend to get in this with me but they think I'm wasting my time. I've been wanting to do something like this for years and I've always listen to others and been discourage. I decided that I'm no longer going to listen to the negative. I really want to do this I'm in Norwalk CA. and I really would like to partner up with someone in my area. I've learn when you have someone else to work with you have to be acountable. I've been in the forum but it seems that everyone is out of my state. I'm not sure if am in the right subject but does anyone out there know of anyone in CA this my want to partner up?

sincereone

I am trying to find someone to help me with the investment in wholesaling and i need help.

Thank you Maria

Is there anyone out there that can HELP me that would be wonderful

Maria AKA HarleyMama

Hi Anita,

I took a look at you rwebsite yesterday and it is very nice. I wish you the best of luck.

Tricia

Posted in wrong area..sorry...