Marketing to Buyers and Sellers

Hey guys,

I've been getting calls through my bandit signs that they want to sell their houses but they have loans on it. How do I approach this? Or should I only buy houses that are free and clear?

Thanks,

Sam

p.s. quick replies are appreciated

"Why would Investors want to work with me? They know "everything". I don't know anything!"

This is a question that I hear almost daily as I work with Dean's students who are just getting started. It is a very valid question and one that needs to be addressed. A lot of you are new to this website, new to real estate, just getting started and may have this question in the back of your mind. I want to answer this question and put your fears to rest so you can move forward with confidence.

1. "Why would Investors want to work with wholesalers (me)?"

I have just started doing walkthrus based on response from motivated sellers. How can I do a Lease Option if my low offer is rejected where I don't have to use any of my own money for the down pmt or monthly pmt? Any suggestions would be greatlt appreciated. Thanks.

I have been working really hard to make my first deal. I got a response from a bandit sign from a guy who is divorced, newly engaged and wants to move on with his life. Ideal prospect, right? Only trouble is, he has established a bottom line for what he will accept ($260,000, he wants to walk away with 50K) and I think it is too high. I offered him $235,000 but he wouldn't take it, he said he would try selling it himself in the spring. I may just walk away from this deal but I was wondering if I should instead market it to landlords (via Craigslist)as my understanding is that they don't need quite as much profit as a flipper. Here are the numbers:

Single family, 5/3
Seller wants $260,000
ARV: $395,000
Fix up: $60,000
Rents for: $2000 pm

Would appreciate any and all advice!!

So often real estate investors get caught up in finding the newest, best, most clever way
to contact people…..we’ll as coaches we STRESS the importance of a very simple device….the PHONE!!!

Jay Thompson recently wrote an article for Inman News were he expanded on this simple, but effective way!

As Jay attended the "2012 Realtors Conference & Expo"
he stated the following...

“As I strolled the crowded aisles, a thought came to me: "I bet every single agent on this floor already owns the most powerful piece of technology ever invented for real estate. I wonder, though, how many really use it to its fullest capability?" ….

12 Ways to Find a Real Estate Bargain

There is no single formula that works all the time. The successful investor has network of people who know that he or she is a real estate investor, and who will tell you about vacant properties, troubled sellers or other opportunities that you could not find on your own. So consider the following ways to find properties, and develop your own, and develop a system, and an organization of people who are helping you
.
8 Unconventional ways to find a bargain

1. Make a friend out of an owner of a junk and disposal service business.

Is there anyone who have properties in NYC in all boroughs and want to be partners on some deals in NY if you do PM me. I have buyers who call me to ask if I have anything for them, so I need help I don't want to lose these cash buyers.

Thanks

Can anyone share what formula to use on repair estimates? Is there an "average" you put for things like new roof, painting, carpet, etc.. I know hiring an inspector would be the ideal thing to do, but I do not have the immediate funds to hire someone on each property to tell me what repairs need to be done, etc.. Thanks!

Hello Everyone, Here's my question:

I have a list of buyers with "ugly" credit. I'm trying to help some of them to become homeowners. Since I can't purchase a property outright I want to do a Sandwich Lease with them.

I understand most Realtors don't/won't "Think a Little Different". Here's my proposal to them-

EX: Buyer puts up $5k non-refundable option money on a $100k house. Agent and I get 20%($1k)each. Seller gets $3k. I get the spread of the difference between monthly loan amt and higher than market rent($200/mo). Remember, my buyer can't qualify for a loan..yet. Buyer is introduced to a Mortgage Broker who assists him in cleaning up his credit.

Who needs help finding buyers?

I am going to take the next few days and talk to all of you out there who are new and are still feeling confused. I am going to start at the beginning and walk you thru the process. This is not meant to offend anyone. It is simply that I have learned that many do better as they repeat new ideas and concepts. All that I will write about you have probably heard before. If it is too repetitive, move on. This should be seen as a review and an opportunity to strengthen concepts in you mind.