Contracts and Offers

Hello

I had a question about the 25:1 ratio

I read a long time ago and sadly cannot find the post no longer. This is in regard to putting in offers with REOs with the bank.

I find deals with REOS that i think will be great deals..most are as most know 50% if not more below the market value on properties.

I am confused on the process to use these as flippable properites as the bank wants me the buyer to pay for the property up front.

I am aware of double closing on properties but i want to know for sure how the escrow works. I read in a post long ago that again i can no longer find that a guy would write 25 checks to each offer for 1000 dollars and he stated the bank will not cash these checks unless you the buyer accepted the offer.

I'm new to investing and I live in NY and would like to make an offer on a property this week.

I have two pieces of paper. One is from the agent to fill out my offer and the other is New York State buyers disclosure. I already have my proof of funds letter. I just would like to know how you fill it out the offer and the disclosure.

Hi everyone and happy holidays . Awhile back someone had wrote in that while doing an iee their end buyers attorney couldnt legally put their fee on the hud-1. I never found out how they solved that problem and now i have an offer in and will have to use an iee and dont know what to do if that problem arises in this transaction. Can someone who has used an iee tell me if they have come across this and if so how were they able to get around it and get paid.

Frank

I just got a superstar agent he has sent me over 35 properties in the county (I didn't just pick a city I told him give me everything in my county...). Well he did just that and they keep coming! lol There are a lot of nice properties and some just viewing the photos and googling the address to look at neighborhood it looks solid. I wanted to know how many of you just look at photos from Customer full report and put in offers site unseen to save time and gas.

I figured if they look good in the photos and they are motivated enough after an offer of ARV*.65 less 5k for my fee and a general 5k for cosmetic repairs with an option period. I can then go view the ones that accept my offer and do a more in depth viewing.

i am wondering about something...situation....

im looking at a possible assignment deal
the house is worth around 90k+...
the person is selling around 67k....
30k in instant equity....
2 bed/1.5 bath...1200sq ft
...now if i can make an offer around 52k...since he is motivated...if i was to assign this off to another buyer on my buyers list for around 67 like he is asking...but if something happens and i have to get out of the deal...i know i heard something.where i lock it up and assign it over but then i have to hand the seller another piece of paper of somesorts to get out of the deal and for me to get paid what we agreed on?
im just trying to figure out what that paper is and what else i may have to do...?>????

I am trying to find out how to word a contract for a guy who wants to invest in a deal with me. I offered him 10% interest for a 12 month committment, and he is good with that. How do I put that in writing, legally?

I purchased Dean's training program over 3 months ago and am at my wits end trying to make this work.

I am trying to do the wholesaling strategy as laid out for me by my coach that was assigned to me with PMI.

I have followed the program as closely as I can and so far have been completely shut out. One of the things it says to do is start in your own "back yard" first before attempting to spread to other areas of the country.

In my effort to find Real Estate agents to work with I did find a couple that were very much versed in working with Investors. One of them as a matter of fact that is all she does is work with investors.

Fast question can't seem to find a solid answer everyone is beating around the bush on this question and it is a pretty simple question I think...

when writing in contingencies into a contract in the special provisions area:

I want to put a clause there saying I am allowed to assign the contract so that I don't have to put and/or assign next to my name. Not that it matters the deals I'm doing this with are fsbo (not bank owned) just personal preference, but not sure what to put there. What do some of you use if you do for the same reasons or other reasons?

Hi everyone,

I am new to the DG forum but I have been reading Dean's books for a few months and I just recently purchased his new book 30 days to real estate cash. I am really anxious to get started but I had a few questions.

I have found a realtor using Matt Larson's strategy in the book and I am just waiting on an email with the requested information such as the hot spots in my area, if they could provide a list of cash buyers from within 90 days, and providing me with listings that they think would fit my criteria.

The main questions I have now that I have the realtor on board is how do I approach them about doing an assignment?

and

Does anyone have a copy or an example of a Master Fee Agreement? I need one ASAP

Thank you
Shonna A.