OfflineSo I met an agent she great shes experienced and most of all shes eager and willing to learn a new way of doing things we are suppose to meet on tuesday of next week but unfortunately I have no Idea how to explain what I am doing with out sounding like an inexperienced twirp... lol I am wholesaling and I have lined up a few investors so i feel like Im ready to go!!! I just need to build up my confidence a litlle im going to read both books over so that I can feel knowledgable but does anyone have any other suggetions I want to close a deal by the end of the month!!!!!
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Good Luck and Good Job at being determined.
One thing I would like to say to you is, don't put so much pressure on yourself. So many times we don't do things because we are afraid of what we may sound like or we are afraid that the right things wont come out. Just know that you know what you are talking about and just do it, believe in you. You are not always going to say the right things, but just remember, you learn when you make a mistake.
There will always be someone else out there if this realtor doesn't work.
Don't get nervous, be strong.
Good Luck
Carpe Diem
Stacey :0)
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First thing what do you want to do assingment back to back closing?. Or just buy and hold?
thanx for the advice and I want to do assigments!!!!
Let the realtor know that you are an investor. Tell them that you need to find properties that are significantly lower than appraisal so that you can either purchase the property yourself (buy and hold) or pass the deal on to another investor that is in your network (assignment). If you decide to pass the deal on, let them know that you will turn around and price the property a little higher than what you purchased it for (profit). Let them know that if you decide to pass it on to an end buyer, you are still serious about the property.
Destrie
Destrie
Failure Is Not An Option
That works thak you Destrie
im glad you asked this question jasuia, because as I am building my courage to start contacting investors to build my buyers list im like, they will know i'm a new investor because of they way I'll probably try to explain what I do, and may not know entirely what I'm talking about. But honesty is the best policy, so I'll keep that in mind. thanks for the advice destrie
Jasuia
I have the same fear and am impressed you have buyers on the other end. Pat on the back for you! What I did was write a business plan---1st draft and incomplete. The reason for 1st draft was not to get caught up in the writing and do it later when really needed. I wrote it because it forced me to focus on my mission, vision, goals and objectives. This helped me clarify what I was wanting to do and why. Dean has said set up goals with the reason why which makes it more real I think. Google Small Business Administration and use their guide. I think it is complex,another reason for the 1st draft lol! Just use the basic principles. Good Luck
Theresa
Hey to all I'm in the same situation as jusuia! I'm getting ready to build my success team and it gets really nerv racking wen I thi k about what to say to these people, I fear not sounding professional and not beign accepted by these proffesionals..
yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."
"Be not afraid of growing slowly; be afraid only of standing still"
Jasuia,
Just so you know, you do not need to tell the realtor that you're going to do an assignment of contract. All you're going to do is confuse the realtor, and scare them into thinking you are doing something illegal. My suggestion, and experience, is that you be upfront to a point. I tell realtors that I am an investor. I buy several properties a month. Depending on the deal, I either buy and hold/rehab/resell, or I may pass the deal onto another investor. That's it. They don't need to know that you're going to assign the deal or do a simultaneous closing. They just want to know that you have the cash, and that you're going to close on the property. If you get a contract accepted with "and/or assigns" on it through a realtor, then once you have your end buyer you can tell them, "Hey, just to let you know I assigned the contract to another investor. Escrow has all of his/her information. The end buyer and escrow are aware that you are still owed your commission at the close of escrow." Hope this helps...
KimmyJ
Press on...
well that makes sense and thats what Ive found thank you soo much that has simplified it a lot everyones reponse was great and to those equally confused good luck to us all we will make it!!!!
I really like these two lines.
I am an investor. I buy several properties a month. Depending on the deal, I either buy and hold/rehab/resell, or I may pass the deal onto another investor.
"Hey, just to let you know I assigned the contract to another investor. Escrow has all of his/her information. The end buyer and escrow are aware that you are still owed your commission at the close of escrow."
Maybe let the Realtor know how much fun you had working with them so it may strengthen your relationship?
These are all realy good ideas - Thanks.
Bill G
Never Give Up, Never Surrender!
I've been wondering about the same thing. Usually when I explain what I do, I go into this long explaination, and people just end up looking at me like "what". This post really summed it up and gave me a new way of presenting myself. I'm sure this will help me and the people I meet. Thanks for the great information and thanks jasuia for asking the question.
Good Questions and good answers. We can do it !
Kelly