OfflineWe have gone through multiple agents in California who up front say they will work with us. During the course of viewing properties each and every one of them does the same thing. They attempt to re-direct our thinking to purchase at list price. When we go to make offers, they are almost incensed that we would even consider offering less than list price for a home much less wholesale. They then take the stance of "I can't be associated with this low ball offer as I have a reputation to uphold!"
We have found that the Banks in California are listing all REO's through agents and this makes life very difficult for investors. Or are we mistaken and missing something here?
What we need is someone who is Experienced in California Investing and willing to coach and guide us without charging us thousands of dollars. We've already spent $7000 on training with Dean and have nothing to show for it but the frustration from trying to make an offer. We have not been able to submit a single offer due to the Real Estate Agents out here thinking they are too good to submit this offer. We're down to our last pennies and need to make something happen soon.
We need very specific guidance and coaching to make a deal happen. Wandering generalities just won't cut it any longer.
We are now looking in the Antelope Valley as well as Tehachapi and would like to talk to other successful investors and find a way to make things work.
We've attended REI clubs and meetings out here only to find that they are trying to "sell us their methods" of Investing for profit.
Is there anyone who can help?
Wishing you Happiness and Prosperity,
Rick & Peggy
Eagles Crest Properties
Hope my information helped you and always feel free to call if you want to bounce ideas off of me.
Always Looking to Acquire Houses | Always Looking to Amaze Investors
I don't know if this is what is happening in your case but so often new investors go out looking at nice houses and competing with homeowners. A move in ready house will almost always go to the homeowner, they offer way more than an investor can!! So of course the agent will not want to waste his time!! You must make offers on INVESTOR type properties, ones that are not fit for a homeowner yet! Ones that don't qualify for FHA, as/is properties! Ones that the end buyer would walk in and turn around and leave. Those you can make low offers on and be ready to make 50 offers to get one! So, don't get attached to a property! Make a lot of smart offers based on what a property will actually sell for (don't look at what the asking price is and offer 50%!!!)minus the repair costs and what you and /or your buyer need to make. What if the property is listed at a 25% discount already and you offer 50%? This is why you always base your offer on what the property will SELL for after its fixed up.
Buy it at no more that 65% of an actual quick sell ARV minus repair cost!
If you also expand you marketing to target UNLISTED properties, you won't have to deal with an agent, just the seller directly! Pre foreclosures, probates, absentee owners, FSBOs, expired listings, divorces, lost job ETC ETC ETC!
Don't give up, just change your strategy. If you are now, stop offering on move in ready houses that are listed with an agent, 99% of the time this won't work!
Michael Mangham
MD Home Acquisitions LLC
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
for agents. I think I went through 15 of them and still never found a great agent. I ended up geting my own license, but you don't need to do that. My suggestion is to go direct to the listing agent. I have had far better success going direct to the listing agent? What are your strategies? Are you buy and hold, rehab and flip?