Contracts and Offers

Hi has anyone in California,Illinois, Ohio, New Jersey, Indiana, Kentucky done any assignment or IEE deals? If you have I would love to hear about them.

Hey Everybody,

OK-
Please if there is any DGer's in San Diego that have used Assignments can you PM me- As I new I don't know any DG Investors yet in my or any area.
Thanks in advance

Hello all, I went to a RE Lawyer today as I'm building my power team- I showed him my Assignment of Contract that I downloaded from DG site-
He told me that I needed to be a Licensed RE agent in California in order to be paid any monies by a seller-

Soo calling all California DGer's that have done Assignments in Calif. - can you help me? Maybe a different contract is needed?
HELP !

can some one send me an exampleof an assignment contract and agreement to purchase thats already filled out so i will now how to fill it out correctly? thanks

Hello DG family! I am new here and this is my first post. I have run into a little problem with my broker. I found a good broker so that I can advertise for buyers who need help getting a loan. I told him about my strategy to assign deals and he said that they will not lend money to my buyers unless there is a contract between the end buyer and the seller. Isn't that what an assignment of contract is? I will get a contract between me and the seller and then rip it up and create a new one for the buyer and seller right? Wont there be a final contract between the end buyer and the seller in this type of deal? If so what is that contract called and what does it consist of.

Thanks so much,
Will Clarke

Dear DG FAM,

Ok I have to FBSO that Im working on and I was wondering If someone could tell me step by step on how to get the properties under contract? Also what should I tell the buyer/investor to make sure I get paid?

Investors - Determining Values in this Crazy Market

The other day I had a call from an investor friend who asked how I determine values in this crazy market.

The first thing to do is to pull the comparable property sales. Comparable property sales are properties that are as close to the subject property as possible. I know that an appraiser would say that you could take properties from as far away as a mile but we know a mile away is a long distance and neighborhoods can change significantly in a mile. I look for properties as close to the subject property as possible. The best would be on the same street, block or neighborhood.

I found this article and thought it had some good information......

The Only Contingency You Will Ever Need
by Steve Cook

Entering the real estate market as a new investor can be very intimidating. That’s why so many people are tempted to add contingencies to their purchase contracts that allow them to escape from an offer unharmed. Not that there is anything wrong with this line of thinking. Protection is good and necessary. The error is found in the use, or should I say “abuse,” of these contingencies when the buyer uses false contingencies, or “weasel clauses,” to secure his or her protection at the expense of the seller.