Contracts and Offers

This might be a dumb question but am i supposed to come up with earnest money if im trying to lock up a contract to re-assign? What happend to no money down? I am worried about this because i dont have any money but i have about 3 or 4 investors and a property that i am trying to lock up. what do i do here because there is no gaurentee that any of the investors i have will want the property and if they dont i still would like to market it to someone else. How do you get around having the earnest money if you are just locking up the property to re assign?

My agent wants me to include a copy of a $10,000 earnest money check to accompany my $330,00 offer on the Short Sale property. I told him I will provide a copy of an earnest money check between $250- $1,000 for bank owned properties. He told me it's not bank owned and I need to provide a 3% deposit of $10,000. This, he said,shows I'm serious and increases the likelihood of my offer being accepted. What am I supposed to say?

Thank you,

Greg

Can anyone please tell me the best way to put in offers with for sale by owner properties if i dont have an agent. Should i call them or send them an e-mail? what should your offer look like on paper?

I am about to make out my check for earnest money on a property but I'm not sure who I make it out to. My agent's company, the sellers or to an escrow account? Should I just ask my agent?
Also, should I put "earnest money - and the property address" on the memo line of the check or should i just leave it blank?
I just don't want to do something that will make me look amateurish.
Any advice would be great.

i called on a lease option property today and the owner wants 5000 down and 1100 per month. i told her what my plans were as far as i was just going to rent it out and she was fine with that, but she asked what my plan was as far as getting financed from the bank when it came down to buying the property in a few years. Should i just tell her that my plan is to rent it out until i find a buyer and that im not actually going to be the one buying the place cause i have bad credit?

I was just wondering if some of you vets could let some of us newbies in on the secret to the creative no money down strategies you use. Preferable how to lock deals up if you have bad credit and no money. And what you say to sellers and buyers when you talk to them for the 1st time. I personally haven't gotten a deal yet and i think that it would help alot if we knew what to say to sellers and buyers when we cal them for the 1st time. I know alot of us get nervous talk to people and knowing how to talk to these people can make or break a deal.

I have been getting some questions on letters of intent so here goes.

A letter of intent (LOI or LoI and sometimes capitalized as Letter of Intent in legal writing, but only when referring to a specific document under discussion) is a document outlining an agreement between two or more parties before the agreement is finalized. The concept is similar to a heads of agreement. Such agreements may be Asset Purchase Agreements, Share Purchase Agreements, Joint-Venture Agreements and overall all Agreements which aim at closing a financially large deal.

If anyone is interested contact me. Must move quick but if you have buyers in AZ but no properties here is your chance to work something out.
If you are just wholeselling then we can work out something fair for everyone.

These properties are in the Gilbert area.
talk to you soon.

What is a flex option contract?

Hello DG Fam,

I have a question about locking a property under contract. Can you take the contract to a bank and get a loan on the equity of the property that you have under contract?
I have read that in "Profit From Real Estate Right Now."

Please help me and explain it?

Thank You in advance,
Andre' Turner

Keep pushing thru!!!