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

I see a lot of people making multiple offers through their realtor. When an offer is accepted and I plan on assigning it to an investor or retail buyer, how does my realtor get paid, since I get out of the contract?

Since a lot of realtors are not familiar with assigning a contract, when and how do I explain this to my realtor?

I am having some trouble determining what the difference is between Fair Market Value (FMV) and After Repair Value (ARV). Just need clarification as I see FMV as what the property is worth As-Is and ARV as what the property is worth once fixed up. Is that correct? If so, how is the FMV determined?

The other piece I need to understand is what the best solution is to making offers on REOs? Is the ARV formula better (ARV * XX% - Repairs - Wholesale fee) or FMV (FMW * XX%)?

Thanks in advance for the help.

My question is when a person is in foreclosure and you present them with a lease option takeing over their payments.How do you protect yourself if the seller dose not pay the mortgage with your rent.Or is their somthing that I am missing in the contract.Am I going to contact the mortgage holder with the lease option that me and the seller have agreed on? Or am I just not getting the whole picture?

I recently had a Hedge Fund Manager answer one of my craigslist ads. I have had a couple of meetings with him to define his criteria and my percentage fee. I called my realtor to start sending me REO deals matching his criteria. I originally submitted 3 deals and received an email back promptly stating he liked them and that he though that we were going to do A LOT of business together. He's doing his due diligence now and waiting to hear back from him in a day or so.

Low Risk Short Sales and Option Contracts

If you are buying foreclosure real estate for a living, a legally viable way of doing it without risking your own money is to use the option contract.

In an option contact, you acquire the option to buy the property in the future. For the option to be legally binding, you will be required to pay to the seller, a non-refundable deposit from as little as $10 up to a few thousand dollars.

Ok..Question for anyone who cares to answer

What is the MOST profitable and simplest method of purchasing investment properties known from the Most experienced purchasers/investors of Deans Methods?

I would appreciate all answers and will read them thoroughly.

I am currently a single Homeowner who owns one house
that I live in.I work to pay bills and have little left over for fun,however I have everything else covered which is good,but does not leave me much buying power.

I'm a realtor and beginner investor and understand much of the process of short sales, but not the intricacies. So I got my first short sale under contract with a seller and we're assembling the short sale package for the lender. I have a fully assignable contract and have a question or two as to exactly how to proceed. Once I find a buyer and execute the assignment form do I collect my assignment fee at that point or do I get paid at closing through escrow?

Ok, I have read a lot of great information on here about people starting with no money and no credit. I have been reading Dean's book and am interested in Pre-foreclosure investing. it seems like it's a way to help a potential person losing their home. If you assign an investor with a seller and assign the property for what ever amount over you think is fair, is that how you make profit? I read sully's response to someone that was looking to break in. Also, is this the least risky to get started? If i'm off base with this, please let me know. Thank you

We closed on a short sale last Thursday. 3/1 in a great neighborhood. Asking price $69,900, FMV $87K. Bought for $50K. Worked on it Thurs/Fri, put about $2K into it, had an open house on Saturday, putting it back at $69,500. Today I have an offer to purchase in my hand for my FULL ASKING PRICE, $69,500! That’s $17,500 profit in just a few short days!

Ok, so we are also having a difficult time finding phone numbers to the home owners for the homes that we have found in default. Does anyone have any great websites or other ideas of where to find these.

Niki