Best method to BUY? Best Method to Sell?

Buying from an unlisted, motivated home owner/seller is the best way. Get in under contract with your own purchase and sale agreement and assign that contract to one of your buyers. (buy and sell)

Get a great deal on a property and fund it with private or hard money, do the rehab/remodel to bring the value and the list the property on the MLS through your realtor and sell it at retail (buy and sell)

Find a unlisted motivated seller that does not need to cash out and do a sandwich L/O. (control and sell)

Get an REO under contract and wholesale it to one of your cash investors and double close or do the LLC or Trust thing.

Michael Mangham
MD Home Acquisitions LLC

Sorry, I meant as in TERMS for each.

some of the BEST deals I've had came from DIVORCE

EX:
1. husband & wife both paid me $2500ea to TAKE the house on a sub-to!!!!Unbeliveable! They hated each others guts so badly that they did NOT want the other to make anything + they had both moved to another location and paying rent at both places + the mortgage on the empty house that they had shared.

I lease optioned (L/O) the house, with a $7500 option fee and $1000 a month!! CHA CHING and later sold for a $25k profit

Congratulations!!!

How did you get them to pay you $2500?

How many more ways are there to purchase, other than a L/O?

They did not have it listed yet, I found about the divorce and contacted them- informing them that the average DOM was around 200days and the expense they would have have to carry until it sold + the repairs needed to get full retail price.

I offered to take over the payments,paint and repair and relieve them of their burden if they would pay me $5k...they agreed

How many more ways .....LOTS,heres a few:

sub-to
L/O and L/O options (sandwich)
owner finance or carry back portion
assigns/wholesale
flipping w/repairs for retail
double close or back to back w/Trans Funding
Hard Money or Private Money Lenders for yours deals
Partnering and split the profits

So you have the SELLER pay you a profit and let the BUYER also pay you a profit?

thats what the sandwich L/O or L/O option is all about-you control the property from the seller with a L/O and option to buy

1. you L/O from seller w/option to buy in 24 months @ $100k and pay $600mon with an option fee of $2000

2. you then find your tenant/buyer- who will L/O from you w/option to buy in 12 months @ $125k and pay $850mon with a non refundable option fee of $5000 if they dont buy

Meanwhile you've collected $250mon positive cash and $3000 difference on the option fee + you'll make $25,000 if your tenant buys within the 12 months

WOW

So, can I need to find a MOTIVATED SELLER, BUYER of property and a person to assign it to?

what youre saying above is true for assign/wholesale

if you want to L/O, find the L/O Queen, 'Kareng' is username on this site or look in the forums for L/O and she'll be there too

Love all your great ideas!

Thanks, BUT, they are NOT ideas, they are indeed proven strategies that work. These and more are taught by Dean Graziosi and others.

Best wishes

Thank you. And, this should be 65% or less of market value from MOTIVATED SELLER, 70% to ASSIGNEE?

All:

Does anyone have any practical experience using proven strategy to successfully buy property (commerical) at auction?

I'm attending my first tomorrow at 3PM, and am open to any and all suggestions.

Do tell...

Ladyluck

You might want to start another THREAD for ANOTHER topic.

Use the info in my other thread "What to tell sellers" and you will lock up properties from MOTIVATED sellers at no more than 50% of value.

Another tip, when you assign your first few contracts, don't charge your buyer a lot. Start out with a small fee ($2k-$3k), once your buyer trusts you and starts seeing the value in you, then raise your price.

You want to build a relationship with your buyer so they will keep coming back to you for deals.

Make your money by VOLUME of deals instead of PRICE per deal

Thanks Lane. I see on your thread at the beginning it said "Thanks for calling...". What other questions did/do you ask the seller?