I was told recently by one of my mentors to make sure I am getting builders risk insurance while I am rehabbing a property. I've been putting it off, saying I will do it on the next deal, then tonight happened.
Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More
ASSIGNING REOS
June 6th, 2011 | posted by DuncanMcCrearyI am Looking for anyone who is available with Assigning REOS.
You help will be appreciated.
Thanks.
CT Bird Dogs Wanted - Cash Buyers at Hand
June 6th, 2011 | posted by John AHey DG Fam. I'm looking for all my bird dogs in CT. I have cash buyers ready to buy with this criteria below in Central CT. Send me a message if you have anything that fits what my buyers are looking for........keep succeeding!!!
Central CT
Single Family
Any Price Range
3 BDRM or More
1 Bath or More
At least 1100 sq. ft.
Everyone Can Make A Difference!
John A
title seasoning
June 6th, 2011 | posted by zeklon73how do you deal with the title seasoning in CA
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ASSIGNING REOS
June 5th, 2011 | posted by DuncanMcCrearyI have recently met with an Agent who wants to help me find ROES to Assign to my Buyers.
She is willing to do it but she just needs to know exactly how the process works from start to finish.
Anyone with experience with working with Agents who do assignments ?
Thanks so much..
Why some banks want to foreclose or short sell.
June 4th, 2011 | posted by lrosiasI'm not sure if this is 100% legit, but some of the basic facts I've looked at seem to check out, and frankly I wouldn't be surprised if what he's saying is true.
http://www.youtube.com/watch?v=LWtrcPG9HJM
Fast forward the video to 2 minutes to skip the intro. Basically the guy found the vid recorded it because he felt it would be censored soon and it was. So he posts the original.
timing of when to execute the Lease Purchase or Assignment doc
June 3rd, 2011 | posted by RONOI never want to commit myself to a contract without having a Tenant Buyer or Assignee committed or signing simultaneously. To avoid getting stuck on a Lease with Option to Purchase OR Assignment, is their a document or language that a seller will accept,that gives me the right to cancel within 30-60 days (so I have time time to find or commit a Tenant Buyer or Investor/Assignee)? Dean's books refer to "having your investor/tenant Buyer lined up", however, I do not want to commit legally unless I have the TB or Assignee and.....I don't want to show the TB or Assignee the property unless I have it tied up.What should the steps and timing be?
Appraisals do not establish Equity
June 3rd, 2011 | posted by RONOI just joined last night. Throughout Dean's books, he refers to the importance/benefit of "immediate equity" (based on a lender's appraisal) that his students gain when buying/lease-purchasing a property. However, even though the appraisal is based on comps, real equity is based on what someone will pay for the property. That said, if someone buys a property at 50% below appraisal, that new discounted purchase price is the real value...and therefore there is no real equity.How frequently can you buy a property for 40% to 50% less than the appraisal....and then find a buyer within one year for the original 50% higher appraised value..... and WHY would that occur?
Willingboro, NJ
June 2nd, 2011 | posted by narmondGood evening, DG family. Is there anyone who invests or may be looking to invest in Willingboro, NJ?
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Checking Out Other Investors Mistakes: A Case Study!
June 2nd, 2011 | posted by joeyharp_2001I have been looking at what other very successful R/E Investors are doing, posting and trying to Teach by creating Educational Networks of their own. I have come across past DG Students in this category: Here's a current situation from one such past DG Student who claims extreme success. I am not doubting it at all, but note this Big Mistake, which any of use could make if we get anxious. This particular Investor puts out a little weekend competition, one might call it, by offering a Bird Dog of x-amount of money if you can get one of your Buyers on board for his property. Not a bad idea. He's very ethical and so, from my Buyers list of 19, All Cash, I picked one I thought would work out the best.
