Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

Hello,

I contacted an agent i been working with for the past week about getting some listings about buyers and he sent them. Today i emailed him about some property locations i wanted to look at and he told me he wanted me to sign a buyers agency agreement.

I wanted to get some feed back from you guys on what you think about this. This is new to me as other agents i have worked with in the past never asked me to sign anything unless we put in an offer.

Thanks in advance

"My concern is if people are not allowed to sell to someone who wants to purchase it as a business investment and rent it out, that it's going to stay vacant."
http://www.startribune.com/local/136240298.html

Govt strikes again. Tight lending, no first time home buyers, jacking with seller financing, and they want to limit the sale of houses to investors. Yeah Baby! Let's get this recovery rolling.

Hello guys !

I was writing to find out everyone's experiences with using a double closing online bank to help fund the A-B part of a deal.

I been doing a great deal of reading on the site and I believe every company someone has said was good there were a good amount of people saying they were no longer valid or they didn't work out to well for them.

I wanted to know a good company you guys have used in the last 30 days that were able to fund you to complete the double close.

Any personal suggestions and experiences would be wonderful thank you guys in advance and happy holidays

I've searched the site looking for a finders fee agreement. I also asked the group I jooined and found none. If anyone has a digital copy could you send me a copy?

Also, I'm on the site constantly and I want to say I find something beneficial every time. I guess that's why I tend to loose focus. Keep up the excellent work and to all that partisipate.

I went to go look at a property last monday on a home for rent ad i called. The property is a sfh 2br 1ba. Its not in the worse location. I meet the owners and they were pretty interested in the type of business i run. They told me they never thought about selling their home. They owe 20000 on the mortgage and the lowest price they woulkd be willing to accept in an all cash offer is 58000 but i know they want way to much. I dont know the exact FMV. Zillow its listed at 400000. They had previous tenants that damaged the place and their trying to get it rented by february. I thought maybe this was a perfect property for a sandwhich lease option since i dont have alot of cash and no credit like greg murphay.

I was at a party last night when this lady said her daughter is getting married and looking for a property to purchase here in the area. Earlier in the day my husband comes home from work and say's he has the phone number of a lady that want's someone to take over her house payments as she is going to let it go back to the bank. Sounds simple to match these 2 up...but it gets more complicated. So I am posting this for anyone with experience that can give me some direction see if there is a deal here, how could I get paid and make this a win win for all. I spoke with the property owner this morning. The property has been on the market since 2005. At one point she had an offer and didn't take it as it would have been a short sale.

Vacant home for ten years.

House is a mess. Needs new baths, walls in most rooms. New roof and some of the wood structure underneath the roof area. I forget what they call this area. Pests must be living in their by now.

Owner wants to sell or else State may seize it, fix it and offer it back to him for fix up costs.

Real Estate Club director told me to ask the guy what he wants and maybe give him what he wants, but more money to owner means longer time for me in option. I am unclear as to what this other investor was trying to tell me.

Comps in area average out to a sold for $188 per sq.ft.
If I take the comps three comps that are close to this subject property and average them, I get an average sales price of $241,725.00

My partner and i are getting ready to close our first deal. We were told that closing costs are going to be around $4,000 . we were a littlle shocked as we are paying only $49,000 for the house. How do you get that figure down or have it where you pay zero in closing costs?

Please help!

Hello All,

I have a notes buyer who is need of $30 million non-performing notes ASAP. No brokerage firms unless you are willing to accept 2pts or less. Please contact me as soon as possible.

Thank you
Shonna

Just wondering if anyone has run across this when interview a Realtor. She seems eager to work with me and partner on some deals as she too invests in real estate and is currently looking for PM to get a non profit project of hers off the ground. She asked me to sign an exclusive contract with her when I am the Buyer of a property off the MLS. Any advice would be greatly appreciated!