FAQ: Answers To The Most Asked Questions - Start Here

a house next to mine is paid off nd is inherited and they said i can get it for a good deal it needs probly like 60,000 work done but mine is worth 500,000 and they added to the upstairs rooms so it should be worth more then mine if not tha same but im new to this only got a week in if that and dont know what to do...?

I recently called a for sale by owner about his property, I asked how much he wanted for the property? His reply was: Whatever the property is appraised for. What do I say after that.

I listen to each and every one of these! Thanks Dean for your blogs!! I am a member of your academy and even though it has taken me a LONG time to get things off the ground here in California, I am on my way NOW to making my first Real Estate deal! The Real Estate "climate" here in Calif. has been a tough one! There are far more buyers grabbing all the properties they can than I ever thought possible! Any tips for this kind of market where there are sooo many offers on each property that it is difficult if not impossible to get my "foot in the door?" I would love any help I can get!!

My name is Isaac. I ordered Deans book last week, and still waiting for it to get here! Here is my situation:

I just purchased my Mom's house. Owe 90k, value 194k. A lot of equity to be used. Credit is mid 600's, so nothing great there. I have about 8k cash to start with. Since Ive not gotten the book yet, have been perusing the discussion threads. I am very excited! I know 2 or 3 friends in RE business as agents, so know there is potential there as well.

Ok, I would like to know what I can do now even before book arrives please. Not sure if I can use this equity for 6-9 months due to seasoning, but would like to get a head start. Any assistance would be GREATLY appreciated!

Looking forward to working with you all!
Isaac

MY QUESTION IS SHOULD I LET MY PROPERTY GO ON FORECLOSURE OR WHAT SHOULD YOU ADVICE ME TO DO, I BOUGHT THIS PROPERTY IN WORST AREA IN DETROIT AND I AM HAVING A HARD TIME RENTING IT AND IS COSTING ME A LOT OF MONEY PAYING THE MORTGAGE AND ALL THE BILLS 3 YEARS AGO, IS A FOUR UNITS AND ONLY HAVE TWO UNITS RENTED PROPERTY MANAGEMENT SAYS THE AREA IS TOO ROUGH TO DEAL WITH AND IF I LET IT GO INTO FORECLOSURE I WILL DAMAGE MY CREDIT AND LOOSE A LOT OF MONEY PLEASE HELP THANK YOU.

Hi Everyone,

ok ok Im newbie i had the program for bout a month, found a great agent willing to place any offer. I found my first investor, but im currnetly working with one of my teachers to find her a home.Since its my first deal i want a great one for her! She gave me a small list but in order to do my best by her i need more info. However her list contains, 180000 price range, 2/2 or 3/3, 1500 sq, all ready to move in, and she love windows. Can any one give me ideas about what to ask her to make this deal top of the line?

All and any advice is recommended!

Thanks!

I dont understand too well (after reading in the book) about how to find the fair market value of a house. I found a house on the net selling for 59,000 (3 br 2 ba). It shows the tax assessed value and it shows other home comparables. But i don't know how to figure out the fmv for it; can somebody help? (this is at Zillow.com

After reading Dean's book and considering carefully, I feel that I still don't want to be a landlord, do flips or hold properties for any length of time. I want to try commercial apt units but don't know where to find deals with good noi. all I have found have been small units, 3 - 5 units. would like to try bigger deals. really need help. please?

I am trying to findthe 'Cash Flow Analysis" form for rental property. Is there someone who could direct me to it?

Ok so one of my co-workers told me earlier today that he was looking for a house that have 3 bedrooms, and 2 baths in the $110-$120 range. So I told him that im doing some real estate investing on the side and I could help him with that, and he was like "ok cool". I was so ready to get off of work and go house hunting. After work I came across 3 different FSBO's and talked to the owners. 1 owner said she had a 2 bedroom 1 bath, and offering it for 125. I told her that i would get bac with her asap. But another woman said that she had 3 bedroom, and 2 baths!!! I couldn't believe that she told me the exact words that I wanted to hear. I got so excited that I didn't even ask for the price that she was offering; instead I asked if I could come and look at it this saturday morning. So here is where I need the help from anyone who is exprienced with doing a "Assignment of Contract". I have a copy of the contract through the success academy but I have never done one so I NEED YOUR HELP!!!! Try to reply back before this weekend I would greatly apperciate it. Thanks.

The major difference between the big shot and the little shot is this: The big shot is just a little shot who kept on shooting ~ Zig Ziglar

Hi everyone my name is Matt and I am new to RE. Like you haven't heard that before:). It is true though and I look forward to learning from and helping as many people as I can here. Its nice to meet all of you and I wish us all success on our adventures in RE.

O.k. so I have looked around and can't figure out a better place for this so I apologize if I picked the wrong section. So here goes. I originally planned to get started in RE as I worked at my job, but I lost my job 2 days ago. So I currently have no income. I am currently applying for unemployment and job hunting, but I would really like to use this time and opportunity to get in to REI. On the plus side my plan to get into REI has been stepped up dramatically and I have plenty of time to devote to it now:). I have read Dean's book "Profit from real estate right now" and I'm about to read "Be a Real estate millionaire" then I'm gonna reread them again and again as much as I need. Right now to survive the end of the month I need about $2600. I can stretch it to the 9th of October but that's it. What I would like to know is which method would be the best way to get me that money I need to survive past then?(I was thinking assigning contracts would be best but I'm not sure.) Also are there anyways to buy myself time for this?
Any advice from those who have been in this or a similar situation (as this is my first time in such a situation)would be appreciated. Thank you for taking the time to read this. Now if you will excuse me I'm off to do more research:)````````````````

Can you help me?

Has anyone shared a list of solid ideas to attract buyers?

Maybe some Ads along with some of the best places to post them?

Thank you in advance.

Hello Everyone,

I am starting to get interested in buying real estate, but i need help. My credit is poor and i do not know where to go. There are plenty of houses for sale in my area and I know that they can make me money. I need help. I am brand spanking new at this.

I am working out a couple deals that I am not sure about. One is a lease purchase to a young couple who want to buy our house. I have told them that we would except a certain amount & then they could pay us 6% per month on the remaining amount still owed. Then they could pay a ballon payment after 5 - 8 years or each month they could pay some amount on top of the 6 %. Can someone tell me how they worked a similar situation out? And I told the young couple that they could then refinance after 5-8 years and pay us off. What do you think?

Okay, So I am just starting my future as an REI. Just to clear things up I havent done any deals yet but with the support and knowledge of the wonderful DG family I am destined for success! I have read Deans book over and over and over again and I have followed as much as I can on this site to remain informed.

I have been trying to keep everyone as motivated as I and do my part to help keep everyones goals in sight. I just want everyone to know this is possible! Just dont give up!

I got on to this forum to see how many new people had questions I might be able to help answer. There are soo many so I will do my best to give my opinion to unanswered questions on this page of the forum.

Rey-Wawa:
Of course its okay to ask! Dont be afraid to ask questions ever. Ask him why he has the property. Dean calls this looking for the "magic button" Once you know his situation you can follow up with the right questions.

nyceone69:
That sounds like a great opportunity! I would suggest partnering up with a good real estate agent. Find out what the owner wants for it and look up FMV for it and compare considering the work that is required. find out if it really is a good deal first.

sodir:
Look up the FMV for his house. Find out how much it is actually worth. From there if it feels like a good investment, then go for it! Decide if you want to keep it for yourself, keep it and lease it or just sell your interest in the property to someone else.

charlotteaw:
It sounds like you are in the middle of a perfect RE market! This is exactly what Dean means by profit in a down market. Look up some REI groups in your area. Rina referred me to http://www.reiclub.com/real-estate-clubs.php
Im sure you'll find a great group in your area!

alb:
Dont let a forclosure haunt you! Starting on pg. 77 in deans book profit from real estate right now, he gives a great script for tips on stopping a forclosure. You may want to get connected with a REI in your area as well. Look under the "Groups" link on this site and see if there is a group here for your area.

marvi:
I havent tried using zillow but I do know that Dean has a section in profit from RE right now starting on page 129 with several other sites to help determine FMV. Also find out if your county has these records available to you online.

eagleon8:
I would suggest looking on the left hand side of the site under "student resources" the first link is RE analysis system. Just in case you've already checked there or if it isnt there, I will continue looking for it as well and post a direct link here if i find it.

matthafner:
Call deans people at the success academy. I myself am in a pretty tight situation and that is my big option right now. Until I can become a student of his program im taking steps right out of his book and getting help as needed from the DG family here on the site. If you want to see what my steps are so far check out my journal

scott taylor:
Some of the best answers are right in front of us but often overlooked. Thats why we're here . Refer back to Deans book Profit from real estate right now starting with pgs 38, 176-204, 255-256 and 262.

housefullofhope:
Remember the greatest thing about deans system is the 'no money down technique' go over deans book on pages 36-39 and 150. I have read the book over and over and the more i read it the more it all makes sense

I wish you all the best. As I said im just starting out as well. I hope I was able to offer some help to you. If you go over the book again and would like some more help understanding feel free to ask more questions! Im always posting in my journal and would love to hear from you all!

http://www.deangraziosi.com/real-estate-forums/investing-journals/29564/...

I think its about time I get some sleep.

again, best wishes to everyone

hey guys im 18 years old no job still in school no money no credit how can i start making money?

Where do I download or where can I find the "Investor Disclosure Statement and Seller's Acknowledgement" form

I just got Deans book and its a info overload. I am really ready to take this thing on, but have some doubts. I have a real hard time learing by reading. Im a hands on guy, but when I get it then its on and I don't stop untile I get what I want. I have just recently got a divorce after 10 years of marrage I have a great job but living in Southern Californa its still hard. My goal is to be dept free and have a house of my own in a year. Is there any help out their.

Thanks
Ben

Thank you for mentioning this issue. The bad spelling here is driving me nuts!
I can't spell well and I hate to let others know. You ARE judged a lot by strangers by your spelling. I use Microsoft Word to check myself. Any response or message I want to post, I first type out in Word and then use the "Tools" section to check the spelling. Once the document is proper, I then just cut and paste the message to wherever I need it to end up such as a posting or email message. It's perfect, and I "look" like I can spell. (The extra benefit is that I am actually learning as I do this and have become a little better person) This takes a little extra time and effort, but you really do improve your image, confidence, and you have my respect for not adding one more poorly spelled message to the pile. So, thanks for asking and caring....

It's not too late to make 40-100K in today's market before the end of 2009? Right? Because this amount would change my life and create incredible opportunities for me.

I recently bought and read Dean's 2 last books: Be A Real Estate Millionaire and Profit From Real Estate Right Now and got really excited about the possibilities and so far have gone as far as looking for FSBO's and for Rent signs jotting down phone numbers and even calling to speak to owners but have yet to get past the hurdle of making the offer and where to get the financing for anyone who would say YES to me.

I am now re-reading and marking / high-lighting Dean's latest book to remind me what's next. I cannot afford to spend much more time reading about what to do next because the clock is ticking, and I am recently divorced, unemployed, in debt and currently living off my very last savings of about 6K which is barely enough to get me by until the end of this year.

I would love to make this happen so that I can become debt free and start working towards becoming debt free and buying a new home to live in instead of renting. Anyways, I enjoy reading about so many people that are doing great in this business, but now I want to be one of those success stories and a contributor. Could somebody pass on valueable advice or support, anything that will keep my dream alive of becoming independent and being my own boss? My email address is [email protected]. I appreciate all comments and words of wisdom towards this goal.
THANKS,
Carlos. "JC"

I just finished Dean's book profit from real estate right now. I am now excited to try some of the techniques but am not sure which way to go since I have a forclosure on my credit. Is it possible to still do real estate investing and if so how?

hello im also a new beginner, and I do not know where to start without money and bad credit. PLEASE HELP

THANKS IN DEING NEED

Katrice McClary

hello my name is katrice mcclary and I have two question. The first question how do I get points? The second questions is how do I get to the listing of the foreclosures site?

in Hempstead, Tx. What do I do next? It could be worth millions.

Is it true that most banks won't finance foreclosed properties because all the utilities have to be working just getting into buying properties and looking to make myn first deal. Please HELP
mike

Is it true that most banks won't finance foreclosed properties because all the utilities have to be working just getting into buying properties and looking to make my first deal. Please HELP
mike

Hi, Johnny A here just wanted to ask about a deal I found here in pompano beach fl appraised at $125,000. Asking $45,000. 3/1 house needs minor work I would like to asign it for $10,000. What do I do now to find a buyer now. J

Hi, I'm new to the team and am wondering how to obtain a copy of the "Find Funding Now" report, which was featured in one of Dean's video blogs a few months ago.

Thanks!

Myriam

"and the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom" (Anais Nin)

hi me and my roommate dale just received deans program. we dont have must capital and were told assignment of contracts were a good way to start to build some capital. we have been looking into it and have a few questions to start. first, the book says we need an attorney for the contracts, do you guys have a referral for an attorney in the twin cities? second, who should we say we are when we are talking to different investors and sellers? (for example like a company name or our own title)?