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

Hi All, I just finished a "sob story" to Dean about not being able to find Cash Buyers in my town, and immediately got a response from someone in the Northeast offering to help (I will, of course, accept that offer). That also made me think, "Hey Dummy! Ask the DG Family if they know of any Cash Buyers in the Huntsville, Al area." So....just in case my new friend from the NE cannot help, does anybody know of cash buyers either in the Huntsville or Northern Alabama area? And yes, I am not the sharpest pencil in the cup!

Hello DG family. It's been a while since I've done a post and I think this one may have been completed somewhere down the line, if so I apologize. Here in southeast VA a lot of opportunities that I come across would involve wholesaling an upside down property-is there any way to complete this transaction? Or do I just leave these inquiries that come through my line alone? All responses are greatly appreciated.

Really.I've put information on here that you can only learn in real life.making money investing in real estate.Yeah thats cool right.What most of you people "with all due respect"dont know is that real estate is a lot harder that it is percieved by the people who do it.You can make money starting with nothing but you have to realize that it is a do or fantasize position in your life.Dean and many other mentors out there tell you to take action and their right.What dean shows you is how to be a wholesaler on a big scale,and thats good but just remember that if you can find Props at 50% or more off their After Repaired Values that is all your profit.Why would you send that profit to someone else for a couple grand.

Really.I've put information on here that you can only learn in real life.making money investing in real estate.Yeah thats cool right.What most of you people "with all due respect"dont know is that real estate is a lot harder that it is percieved by the people who do it.You can make money starting with nothing but you have to realize that it is a do or fantasize position in your life.Dean and many other mentors out there tell you to take action and their right.What dean shows you is how to be a wholesaler on a big scale,and thats good but just remember that if you can find Props at 50% or more off their After Repaired Values that is all your profit.Why would you send that profit to someone else for a couple grand.

HELLO FAM,
I would consider myself to have a good understanding of have wholesaling and assigning works, however, I dont think an assignments would work for this specific deal.
I will get a property under contract this week for 230k which is approx 80% market value, not terrific assigning material from an investor standpoint. The profit comes from me already lining up an end buyer with a purchase and sale agreemetn for 255k. A 20k profit.

WOW!

I have just spoken with my Realtors and it seems that we wholesalers will not be able to buy REO's if we wish to do anything but hold the property for at least 60 days from the sale to us!

I have had several counter offers come back from 'BofA'...which holds 80% of the REO's in our nation right now...saying that a condition for my offer, to even be considered, is if I will agree to a "Deed Re-Sale Restriction" they are demanding as part of the sale.

This condition of sale reads like this...
~~~~~
Please indicate whether or not the Buyer agrees to deed restriction as follows:

I am a totally new at this and anxious to make a deal i just don't know where or how to start. I don't have any money to put down or good credit. I'm looking to use transactional funding to make my first deal but that's where I'm stuck. I've been looking for quiet some time to find a cash buyer but I haven't had any luck so far, I'm not sure I'm looking in the right places. I went to cashbuyers.com and was told they "only play 60% of the appraised value" which threw me off because I figured there was no way I'd be able to make a profit. Another part this is the fact that I don't would be the smartest way to go for a first deal, Foreclosures, FSBO's (condos or houses),or REO's, etc. I'm looking forward to hearing from anyone that can help in any way. Thank you all for your time....

ok this is a real question im having a difficult time understanding that if the dollar keeps falling why would investing in real estate still be a good investment also banks are in default and not loaning money because people even like myself don't have a good credit rating. please help me understand here...

So I've read here so many differences in making sure your comps are in line or else!

I'm hoping to get some advice here from the seasoned investors with this, please!

Well i have a FSBO selling SFR for 60k 3bd/2ba 1920 sqft,I did the comps with my realtor (great guy, he invests some himself) He didn't find anything that sold for the past year in 1/4 mile from property, so he widend the search to 3miles-5 mile radius wich includes some new developements of new homes but still the same sqft and area. So I had to use those comps. Here are the figuers:
I plan to Buy and Sell (AS IS)
Comps: 150,000 (my wholesaler investor says it's high for the area)
Selling Price: 60k

Hello again, before I start I understand it is better to help someone with complete profile and I just want to mention I AM working on getting it completing it. With that said let me get to the point, I was wondering if there is anyone out there that can help me by telling me what area (state) is BEST for wholesaling as my first deal? I've done some research and from what I've seen, I THINK Colorado is best for a first deal, but I would like to get a second opinion. (I'm also using transactional funding for my first deal, if that helps.)

Thanks,
Alex