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

Hi, I'm new to the forum and I'm based in the UK, is any of Dean's training suitable for the European market or just for the US? Thanks

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Hi All. I am a Canadian real estate investor who is very interested in investing in US real estate. One of the things that I am looking at is how does a non resident investor successfully invest from a distance? I am not concerned here about tax or immigration as I have other sources to get that info. But how do I go about inspecting props when I am thousands of miles away? I can get contacts and sellers through electronic means but what about actually meeting the homeowners and getting contracts signed? What about title transfers and other doc signings? Renos and repairs? What are the mechanics of a deal when you can't just drive to the project in an hour or less?

Any other Canucks or non US residents care to share their experience?

Thanks in advance.
Harold

Hello All,

I am putting together a packet for my first deal. I am doing an IEE contract is it mandatory to have earnest money? If so, how do you get around that without a definate/guaranteed buyer yet?

Shonna A.

Hi everyone. I hope someone can help me out here.The past few days since the Blueprint series came out I have been so involved and having a great time getting myself ready to do some deals. I have found 8 buyers in the past two days and working on several fsbo properties to start matching people together.

One of my questions concerning wholesales is if the property is listed with a realtor on the MLS, how should that deal be put together on contract? Do I lock the deal up with my realtor with and or assignee and just pass it on or how should that be put together? I asked my realtor and she acted like she could potentially put her license in jeopardy doing this. Please respond if you can help me understand more clearly.

I'm curious about something and I'm hoping someone can clear up something for me.

I read that the right formula for assignments is

Maximum offer to present to seller = 70% - repair costs and assignment fee

My question is where do contractors fit it?

Do sellers normally let you bring a contractor to the property to view it before you sign a contract to lock it down?

Or can you only do that after you sign the contract and lock down the property with the purchase price? If so, how do you know if the repair costs will fit in with the above equation? I'm concerned about agreeing on a purchase price, only to find out later that the repair costs are more than I estimated.

Any answers would be much appreciated. Thank you!

I made an offer on a REO property. I want to use transactional funding. My problem is I'm sikeing myself out by thinking i'm missing this or forgetting that. I need advise from someone who has been through it not someone sending me links. I made the offer. so I'm waiting to hear back. do I get to choose the title comp? do I close with the bank at their location with the trans funds then close with my end buyer at my location. how does this all come together? will they give me the exact closing costs i'll need so I can get it from a transactional lender? whats the best trans lender?

i need some advice. i have gotten a bank to accept my offer on a shortsale. i just had a buiding inspection and found numerous items in need of upgrading (furnace, roof, plumbing, some electical, and the back porch has settled so the windows don't close completely.) the bank has the property listed "as is". the house is in a very nice neighborhood and will be our personal residence. is there a technique i could use to get the bank to accept a lower offer? thank you, more7

Ok so Since I can't buy the Rock Bottom System I have created my own Rock Bottom System out of The Programs , DVDs & Books I already Have & my own Marketing & Buyers list strategies .

So Ok I have The Books & DVD's & CDs & all the good stuff . I was setting here thinking I don't need to Buy the Rock Bottom System I need to Create my own Rock Bottom System from Scratch & some of you can do the same as I'm doing now .

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We are new to the DG Family and are thrilled to participate and create financial independence for ourselves and others. Are there any DG participants in the Vancouver, British Columbia area that we can meet, greet? We are interested in foreclosures, lease options with no money down and the 30 day quick cash formula.
Thanks for replying to this inquiry.