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Finally!

Posted on: Tue, 01/17/2012 - 19:09
Finally!

Finally I have a buyer's list going, and have found a Real estate agent. the script worked like a charm, and now I am waiting for properties to be sent to me so we can start making some offers! nay advice on if i need to get an attorney or can I just use the title company? what about the attorney fees? I am trying to start off by doing assigns. any suggestions on the best way to complete my first deal would be helpful. thank you!

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Posted on: Tue, 01/17/2012 - 21:04 #1
I don't know for sure

but I have been told that the title company is probably sufficient for making sure the contracts are good. That said, it doesn't mean they cover everything to your specification or favor??? Just a thought.

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Posted on: Wed, 01/18/2012 - 18:47 #2
Update

So i just got a list of about 80 properties from my real estate agent that have been on the market for over 90 days. now i need to go through and get comps. looking on zillow, and trying to get info on these to see if i need to start making offers.


Posted on: Wed, 01/18/2012 - 19:35 #3
Way to go Roloando

You might want to ask your realtor for comps no more than 1/4 to 1 mile away from the property you want to start with. Then when she sends those to you make an analysis of the average cost per sq ft ( should be at least 3 or 5 properties) with the same sq ft no more than 500sqft over the prospective property you are working on. This should give you a pretty close FMV/ARV (Fair Market Vale/ After Repair Value) to start with then subtract about 30% less repairs and your fee for assignment. Good luck to you! and good for you.

PUSH= Persever Until Something Happens--quote by Dean Graziosi

Kathy

__________________

"Cut not the wings of your dreams,
for they are the heartbeat and the freedom of your soul." ~ Flavia

Kathy Wholesales TX
KM WholeSale Properties LLC
469-587-9967
1888-591-1096


Posted on: Wed, 01/18/2012 - 19:40 #4
Kathy

thanks for the info! i will do this and get back to you with results. thanks again! I can't wait to close MY FIRST DEAL!!!


Posted on: Wed, 01/18/2012 - 20:37 #5
I'd say either works. Factor

I'd say either works. Factor in legal fees for the attorny or a small tip for the title company's clerk.

Also, congrats on sticking in there.

__________________

"Winners never quit and quitters never win."-Vince Lombardi

Rick
Rick Cooper Investments

My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/98042/...
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Posted on: Wed, 01/18/2012 - 23:01 #6
Rick

Thanks! what percentage do you typically use for the fee?


Posted on: Thu, 01/19/2012 - 15:34 #7
Forward motion

Congrats on the progress! will check in to follow along the way. I'm excited for you. Expecting to hear only good!


Posted on: Thu, 01/19/2012 - 18:44 #8
lithiumrecharge

im trying my best do make this happen in 2012! i'll keep you posted on my progess...want to start with a BANG!


Posted on: Thu, 01/19/2012 - 19:40 #9
Congrats!

GREAT JOB ON GETTING STARTED. WHICH SCRIPT DID YOU USE?


Posted on: Thu, 01/19/2012 - 19:57 #10
Yea I'd like to see the

Yea I'd like to see the script please. I know there's a real good script on carol stinsons website too.

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