Everything Else

Hi all,

I'm interested in doing assignments and/birddogging for serious investors. I know of some properties that could be of great interest to those that are serious and looking for SF homes or even multi-family homes. There is one so far that is a duplex and already has tenants, so there is cash flow already.

If there are any investors that do not mind working with a new birddogger/assigner please PM me and I would love to speak with you! I'm ready to get some hands on experience and have the desire to continue my REI education.

If anyone has any extra advice on this topic, please feel free to voice them! I would really appreciate that!

Thank you and stay blessed!!!!!!!

-Gen

I haven't noticed anything different, but I could not get on here for most of the day. Did anyone else have trouble or was it my computer??? Wondering if they were working on the site today?

Hello DG Family

I have read Dean's book 30 days to real estate cash and I am in the success academy, I have buyers and a RE agent that's sending me listings but every time I get going I stop because I don't have any money and not having earnest money makes me think that I can't do it this can someone help me please? Another thing is I live 2 hours away from where I'm investing its not a problem to go there just want to know if I need to go look at all the properties that I make offers on or only the ones that get accepted any help with this would be appreciated.

I have a lot of respect for title companies. I have found them to be very reliable through the years. They do a great job of getting the papers ready for closing and getting needed research done. The requirements for a title company are very strict in most states. Because of that there are very few errors committed by title companies.

Most title companies will not rush a deal just to make people happy. They know and understand the need to get things right. Remember this the next time someone blames the title company. Remember, they are simply protecting all involved.

Many times I am asked about what contract to use when writing up an offer. There are so many out there and there is even a good one on this site under the Forms and Docs in Student Resources.

I use the state approved contract for offers whenever I can. These contracts were developed by the National Association of Realtors. In most cases the contracts were written with or at least approved by the various Attorney General offices in the various state.

These contracts meet the requirements of the states where they are used. The Realtors continue to keep the contracts updated in conjuction with the various Attorney General offices.

These contracts can be found by calling your state's Division of Real Estate. You can download them usually for free.

If you have not had this situation, you will. You have a good property and you are up against your due diligence deadline. You have a buyer that needs a feew more days to get on the hook. What do you do?

Ask for an extension. Have your Realtor write up an addendum and get an extension on time. Almost every time you will be granted an extension. However, don't keep asking for extensions on the same property. You will get the first. It will be harder to get additional ones.

Remember the old addage, "The worst they can say is no."

Is there anyone in the New Orleans area who would like to have a partner in wholesaling? Also, if you live out of state and would like to lend money and guidance advice I'd appreciate it. If you PM me, I can email you with information about me.

Does Dean still sell,(at nice discounts), some of his turnkey deals to us? cant find where the available houses are posted.

Thanks,
D

I'm trying my best to stick to 30 days to Real Estate cash. I have a couple of potential deals to analyze and come up with maximum offer prices on. In sticking with the formula in the book, you first determine FMV using comps, avg sqft and multiply by the sqft of the house. You then take the FMV and multiply it by .85. After that you should subtract out desired profit and rehab cost.

the problem in running into is I don't know how to determine the rehab cost. The book Doesn't say it anywhere. Does anyone know how I should go about determining this figure? Thanks to all in advance!

I learned a long time ago that someone else may have a better way of doing something or accomplishing something. This does not make me wishy-washy or a man who lacks principles. It does make me realize that i do not know it all.

If you are new in this business, listen carefully to those you have gone down the road you are wanting to travel. Understand that you do not have to go in and reinvent to wheel. The system has been tried and found to be true. It may take some time, but if you are diligent you will be rewarded.

Learn. Ask questions. Do your best. You will win.