FAQ: Answers To The Most Asked Questions - Start Here

Hi I'm new and nervous. I have fallen for the online businesses before and lost my butt.... Something about Dean seems real and believable.

Is there anyone doing DG deals in Michigan right now? Mostly the detroit area....

Give me something to go on... I want this to be real and to work for me...

Eric

Hi, I need to get started, I have read the books and I need to know how to get started. What should be my first step?

Hi Everyone:

I am just getting started. I ordered Dean's book back in January and finally over the past month have I started digging in deep and made a choice to seek financial freedom. There is so much to learn and I have been reading a lot of material and taking lots of notes and am feeling overwhelmed by all the information there is to know. I am looking to do this with my husband (he would eventually like to give up his FT day job and do this FT with me). I do have a question - I have an appointment with a Realtor to view a 3 unit (all 3 are currently occupied). It has been on the market for 5 months and was told it does need a lot of work - financing may be limited to cash only or 203K - rehab. It has foundation issues - partial basement which was being dug out and never finished - sagging floors. It is an old building (early 1900's) and is in a decent neighborhood (it is the worst building on the street). I feel just riding by it that it could be a real nice building someday. I was told the owner is anxious. I am viewing this with my husband and a friend of his who is in the construction business. What should I be asking the Realtor going into this as far as building structure, tenants, leases, financing, original owners etc.. I know the basics but still do not want to be blind sided. If anyone could give advice on appropriate questions to ask I would appreciate it.

Thanks

Tkeppler

Hey Everyone:

I'm having trouble trying to find a good re attorney to review the forms from dg.com/allforms. Can anyone tell me if the forms are ok "as is" or do they need to be tweeked for Indiana? If they do need some modification, has anyone already done that? I'd be happy to pay you for a copy instead of trying to reinvent the wheel again (and waiting longer to get started).

Thanks,
Jerry S in South Central Indiana

Hello! I'm new and thinking about getting my real estate license. I just started taking classes. I have had LOTS of people tell me that I'd be a natural because of my personality and my Customer Service background. This is my concern: To be honest I am great at sales BUT I have never been very good in Math. Quite frankly I don't like math ( maybe that is because I don't feel confident doing it) When I told someone that I really wanted to get into real estate and be the kind of realtor that I wish I would of had on several occasions but I have hesitated all these years because I felt that the "Math" would be an issue for me. They told me that alot of it is done for you by loan companies or title companies and such. IS THAT TRUE???? please be honest with me regarding how much of the job itself is sitting down and doing calculations. Thank you!!!!

A relative wants to purchase house next door, but has bad credit. How can I purchase $325k SFH, then assign to relative?

Hi Anita,

Would you help me with some "bird-dogging" questions when you have time? I really appreciate it.

Thank you!

Ann

My name is Dino from KC area , and was wondering if you can recommend any websites to find deals , i currently use bid select.com

Thanks

Hi everyone! I'm new to real estate and forums. I like to know if there's anyone out there investing in the Moreno Valley, CA real estate market. I like to get started in that area and would love to learn from someone who's already investing there. In return, I'll help you with your research or anything else I can do to help! Thank you and God bless

I read the book "make money in real estate NOW" three times and of course I have some questions but I figured that I would learn and since the assignments are practicly risk free I would try it instead of becoming a student at the academy. Yesterday I called someone who helps people get started with the academy and was a little disappointed when she said NO dont just jump in join and we will help you. I know it is obvious that as a student I would have an easier time but I just dont have much money to start and get coaching.If I do I am all of a sudden in a risk factor.

Please feel free to be brutally honest lol

Hi guys,

I'm two months out of Dean's books, he is awesome. Don't you think?

Anyway, my question is can you get a bank loan if you have the property
under contract ( controlling the property ). If I want to buy the property?

I live in Scottsdale Arizona. I am getting ready to put my first IEE deal together. I have two professional web sites I am going to use, one for buyers and one for sellers. I am using the techniques from Dean's new book to design them. I am lucky I have a friend who is a web site developer.

The only problem I am having is finding a Realtor and Title Company to work with that is familiar with the IEE deal. Most Realtor s are telling me they are no longer allowed to do assignment deals, and that Title Companies will not work with them anymore because of pressure from Lenders.

Is there any Realtor s or Title Company's in the Phoenix area that you can reffer me to that can help me complete the IEE deal.

Thank you for your help,

Jim Milton

Hi guys, it's been awhile for me. Been so busy with working and jobs trying to get extra cash to pay for sons testing. Drove around some towns to look at houses, wrote address down to go check out in court house. Everytime I do this the house I'm looking for does not show up in records. Am I doing something wrong. I want to find out what is owed on house and if it is in foreclosure or not. No one there will help me they are not allowed to. Does anyone know how to look up house once you have address to see if it is a good deal or not. Much help Thanks

Hello, I am very new and extremely excited to be here...i was wondering if anyone is from central valley California...especially the modesto, Ca area and knows of a great real estate agent that can help me to begin....if anyone knows of a great person can you let me know...thanks a bunch
Tara4success.

Dean gives us the opportunity to prepare our own website for free, no catch, no costs. However, when I went to the site, there are Terms and Conditions Agreement that say that it is a free trial period and then there will be a charge. I need to know if it is really for free with no costs or if i will have a trial period only for free.

im new to this i just started this week and started the success academy but i just wanted to know what is my very first step in investing?

im in the same boat but i am aslo in the success academy i only did 1 1/2 lessions so far so i am fresh in this kind of business and i really want to start but dont know what is the first thing to do

Hello to all, I would like to get step by step instructions on how to properly complete the re-assignment document?

I purchased Dean's first book several months ago, and I’m just getting up enough nerve to move forward. I live in the Atlanta,GA area and there are a lot of pre-foreclosures, foreclosures, as well as FSBO's here. I will be starting with the contract re-assignments to get some capitol to do other deals.

Please help??

I found a fsbo property, I called to ask how much he wanted, and his reply was, for whatever the appraised price is for. What do I do now?

I have inventory, anything you want, with plenty of meat on the bone! Houses in Ft Lauderdale, Miami, Orlando and Tampa, in Florida. Atlanta Georgia, and Las Vegas Nevada. All properties can be offered to you at 75% fair market value! What you do with the price after that, is yours! All properties have different levels of repairs, but price is after repair value, with repairs figured into the price as well. This is contractors price, with comprable materials. Let's make some $$$$ Write me back, and leave your contact information, and I will get back to you this evening, Pacific standard time.

What is the bet price to charge for 2 1/2 akors of land

What is the best price to charge for 2 1/2 akors of land

Where do I find sample flyers and business cards. Are they on Dean's site ?

Thanks in advance for the help. Keep your heads up and stay positive.

Hi Everyone,

I saw a house on Zillow near me that is listed for $224,000. According to the records, it was just purchased in June of '09 for $463,500. This is currently also the Zestimate with a Zillow price range showing of $394K - $515K.

It is described as a great investment opportunity and as needing a new roof and several other repairs. The listing also states that the pool and spa are "not working".

I'm going to take a look at it this weekend, but in the meantime I wanted to find out what everyone thinks. How could the value have plunged $240,000? I'm thinking perhaps it's been gutted, but even then, a price drop almost equal to the asking price?

Also, I am just starting and my head is full of facts and ideas and I can't always recall where I saw something when I need to refer back. I know somewhere Dean told us where we can go to find out what the owner currently owes on the house. Just don't know where I saw it. Can anyone please steer me in the right direction?

Thanks much. Have a great day!

If i want to start my real estate journey near Los Angeles or even in LA, what areas do anyone recommend for marketing and buying, since parts of LA face high crime rates and areas around have high property value, Im trying to find resonable areas?

We were ready to make our first deal with some money we had in a HELOC account. We just found out a couple of weeks ago that the remainder of our available credit in the HELOC has been "frozen" due to lowering home costs, leaving us with no money to invest. We are not really drawn to the "assigning" idea, but just wanted to buy some distressed properties to re-hab and rent out. Does anyone have any suggestions for us ? All of the bank owned properties are requiring 20% down and now we just do not have it. Our credit is in GREAT shape.

Hi Cindy,
Your most reliable source for finding out what is owned against a property is your county recorders office. You should have the address and/or the legal discription and the owner's name. A loan that is not recorded is usually unemforciable that is why a lender will place a "lien" against the property.

One of your best sources for this kind of information is the US Census Bureau's web site. You can also contact the Local Chamber of Commerce and of course your realtor. You may also go to www.cyberhomes.com.

You may try a lease with the option to purchase and than do a sandwich lease with an option with a third party. If you take this approach, be sure that your lease with the "seller" allows you to sub-lease to another party and that your lease term is greater than the lease you have with the third party.

just renting and beside me is a property wc i noticed is just being visited by the owner only once a week.Ive heard that he inherited it and i did a little research and found it is a infact w/o mortgage whatsoever.I am planning to approach him.Is it the rigth thing to do by asking him :if renting the house would be possible and then offering him a rent to own scheme?? i dont know the guy..we just say hi and hello...