OfflineI posted this in 'everything else' because I feel like it crosses a couple of topics.
Tomorrow I will be going to Birmingham, Al. to see a bunch of properties. Some single family, some multifamily. Great prices. There is an agent there sending me incredible properties.
I need to assign them. I do not have the capital to buy them myself. The agent is not familiar with assigning. I know the concept but have never done it.
I feel like I need a transactional funding company to provide a POF without me having an end buyer in place right this minute.
What should I do?
Get some of these under contract and then market them?
I really don't want to fail to close.
I feel like this is it. This is the moment.
Bases loaded. Three balls. Two strikes.
Here comes the pitch...
Awaiting replies.
Lauri
" The only difference between me and successful people is they started before me."
by Shane
Please make sure you have buyers lined up. It is VERY important. A Deal is not a deal without a buyer, that is in my opinion. I have some contracts that fell off before because I don't have buyers.
Go ahead and make an offer to any of those properties while finding yourself pools of cash buyers at the same time. There are lots of them who doesn't want to undergo the process of negotiating with the Owner but rather buy a property to rehab/flip directly from the wholesalers. Blessings to all. LA
Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-
Ira.
Very sound advice and approach.
I will get a newspaper while I am in Birmingham and call the we buy houses ads and maybe the rental ads.
I will also place a craigslist ad for that area.
Lauri
" The only difference between me and successful people is they started before me."
by Shane
The other commenter has it correct. You will want buyers. This idea is often looked past because it is not the enjoyable part of real estate. Most people get into real estate to look at real estate properties not necessarily find buyers.
However, the wealthiest success stories and even gurus will tell you the same: Find buyers. It eases your mind when making offers, keeps you focused and lets you know what properties to work on...the properties your buyers want. You will also make more money faster when you have buyers first.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
I agree and I need to work on buyers in the Birmingham area. It is not an area I had considered until I got to talking to someone from this site. She is new too and doesn't have buyers yet.
There are some really great deals there if anyone on here is interested just pm me.
I will post my progress in my journal.
Lauri
" The only difference between me and successful people is they started before me."
by Shane