OfflineI am finding it very difficult to find good foreclosures in our counties. Everything here that is worth the investing is 100,000 and more. We are starting out with no money and have been offered some owner finacing deals but us starting out with no money I am finding it rather difficult to find anything. Any suggestions??? I know Deans last deal of the month, he said he would help people. Does that still satnd and if so how do you contact him to discuss an oppurtunity with him????
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Angela L Lankford
There are alot of us consultants that work for him and we are more than happy to go thru the deals with you. In this type of market, (buyers market) I wouldn't be too concerned about the price sellers are asking. They will always try to get top dollar but in this market you will need to go off of recent comps (within 3 months) and the condition of the property to make your offer. For clients with no money down have you thought about Assignment of Contract? It's a great way to split the profit with the investor you assign to.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
hello im a new at this whole real estate investment thing .I just finished reading Dean's book and from reading the book alone got me eager to get started . Im just not sure of which step i need to take to begin . I also read Dean's Quick start recession kit and considered searching for repair man specials and collecting a finders fee but almost every investor that i come cross either tell me that they only pay finders fee to licnse real estate agents or they just get too many offers so just deal with home owner . i also cane across an investor that said the he also by contracts but im not sure how that whole process work ........ so if u guys have any sugestion on how i can jump start this whole thing im open to consider any sugestion......
Well Joe, If you found an Investor that will buy contracts, Now you need to ask him what EXACTLY is he looking for, and what area's. Then you need to obviously start looking for Ugly houses that need work(they don't HAVE to be Ugly, but most are.) But, what your REALLY Looking for is......DISTRESSED HOMEOWNERS that have a PROBLEM and need YOU to FIX IT. So, your Goal is to find a 100 more Investors just like the one you spoke with and put them on your "Buyers List".
How are you going about finding these Investors("End Buyers")?
SULLY
YOUR HERO, SULLY
Pjacobs is right. It is not what they are asking it is what they will take. People will ask anything in hopes to get a good price. This does not mean that they will get that price. I always ask higher than I think I will get in hopes that I will actually get what I want. People that are motivated will do the same. Give them a price that works for you and you may find that they will accept your offer.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125