Can you really do assignments with a real estate agent involved? Do I have to have proof of finances or money down? I can use as much help with this as possible. Thanks
Yes, you can do assignments with a real estate agent. They will most likely want a proof of funds, but you can get that at theses sites http://insiderscash.com/ http://besttransactionfunding.com/
You will need earnest money when the offer is accepted, and that is all the money you would need.
A lot of students do assignments wtih agents on a regular basis. As long as you have a great agent you can do assignments any time.
__________________
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
eroberts gave you links to great places to get Proof of funds for free & as much as you need.
In order to make a contract legally binding as a buyer you do need to put some sort a value into the agreement which is going to be Earnest Money.
Understand everything is negotiable, its all about what both parties agree to.
Ive been in plenty of purchase agreements where the earnest money was 1$ then again Ive been in some where the earnest was lots more.
And yes you can work with RE agents like eroberts answered for you.
When you are assigning a contract , nothing changes on that contract, and if you made a contract with your RE agent, it is in that contract that the agent is representing the buyer, when you assign you contract, that doesn't change, your agent is still representing the buyer & they are still getting paid their commission at closing. Make sense?
I've been a broker for 36 years and have mostly specialized in representing buyers and investors. Remember that the buyer's broker gets paid his commission from the listing broker who gets paid by the seller as long as the property is listed. His commission does not effect the amount you can offer on the property and make your investor a profit because it does not come from your side of the transaction unless you are offering on a FSBO and then you will have to pay your broker or have them create a commission agreement with the seller. Either way the broker doesn't care if you are assigning the property or working with investors as partners in an LLC or buying with your own cash as long as you and your investors are serious buyers and close on the deal a majority of the time. You need to work with an agent that understands that several offers will be made before one is accepted but that each time there is an acceptance you will close fast with cash and then be ready to do another deal. That is an attractive arrangement for a long term thinking agent and his broker. Creating a relationship with an investor who does one deal after another can be the bread and butter for an agent, so don't feel that you are cutting him short just because he has to do a little extra work for you.
I ve copied this from our site last week .
Hope it helps ,
I stayed up for nights hand written list of names from Craigs list and every place I could find any access to finding buyers with a scrip list made by Dean .
Study it don't lie about being new .
Be honest sincere and ask the right questions .
Kenneth Bell from Chatham Ontario Canada .
reached at 519-351-6899 put the time in now to play later .
80 ways to find buyers
Posted on: Mon, 08/31/2009 - 19:22
jjensen
jjensen's picture
Site Enthusiast
Posts: 372
Joined: 2008-04-23
Points: 1341
Deal MakerSuper ContributionKnowledge DiscoveryConference PresenterSpecial ContributionGold MedalSilver MedalBronze Medal
User is offline Offline
80 ways to find buyers
Exit Strategies Part 3
by Jeff Jensen
80 ways to find buyers:
1. Freebie Newspaper Ads
2. Minor Newspaper Ads
3. Newspaper Weekend Edition Ads
4. FSBO Magazines
5. Business Cards
6. Paper Signs
7. Bandit Signs
8. Door Hangers
9. Bulletin Boards
10. Handouts
11. Flyers
12. Real Estate Agents
13. Expired MLS Listings
14. Open Houses
15. Title Companies
16. Closing Agents
17. Accountants
18. CPA’s
19. Attorneys
20. Mortgage Brokers
21. Lenders
22. Property Management Companies
23. Financial Planners
24. Financial/Money Advisors
25. Investors
26. Home Inspectors
27. Appraisers
28. County Records Employees
29. Escrow Officers
30. Hard Money Lenders
31. Private Money Lenders
32. Secondary Lenders
33. Developers
34. Contractors
35. Local Employers
36. Rent-to-Own Stores
37. Referrals
38. Your Existing Occupants
39. Sub-Contractors
40. Handymen
41. Door-to-door Canvassing
42. Free Gift Advertizing
43. Postcards
44. Promotional Materials/Calendars/Note Pads/Magnets
45. Cooperative (Co-Op) Advertising
46. Legal Newspapers
47. Grocery Store/Wal-mart
48. Flower Carts
49. Benches
50. Bus Stop
51. Adopt a Street Sign
52. Laundromats
53. Car Washes
54. Yellow Pages
55. Restaurants
56. Restrooms
57. Mail Center
58. TV Guide/Newspapers
59. TV Ads/Commercial
60. Special TV Programming
61. Radio Ads
62. Billboards
63. Walking Billboards
64. T-Shirts
65. Hats
66. Community Business Organizations
67. Chamber of Commerce
68. Sponsor Sports Team
69. Sponsor an Event
70. Charitable events
71. Charitable Raffles
72. Host a Charitable Function
73. Local Churches
74. Weekly Hotels
75. Property Brochures
76. Magnetic Vehicle Signs
77. Vehicles Wraps
78. Real Estate Auctions
79. White Vehicle Lettering
80. Club Membership Bulletin Board
__________________
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
I'm new on here and it slow going to try to find buyers. I think that is what is slowing me up. I want to start getting more aggressive but I need to know in myself that I have the right answers when I approach these individuals on that list. If you have any ideas it would greatly help.
A Little Confused on the 1 Day Flip (Back-to-Back Closing)
Hello everyone. I'm new to real estate investing and trying to understand the whole REO funding deal. I see that the Insider's Cash site mentions how to profit from flipping a property to an end buyer on day one. However, I see that it takes around one to two weeks for the company to process all paperwork you send them and send funds through escrow. Before all of that, you provide a proof of funds to the bank. Once you show the proof of funds to the bank and sign the purchase agreement, does this mean you must find a cash buyer before the IC provide the funds for your deal? Do you have your buyer sign a purchase agreement so that he must put his money in escrow before you are ready to close with the bank seller? I would just like to know how the one day back to back closings work with these funding companies. Thank you for any assistance you all can provide.
Yes, you can do assignments with a real estate agent. They will most likely want a proof of funds, but you can get that at theses sites
http://insiderscash.com/
http://besttransactionfunding.com/
You will need earnest money when the offer is accepted, and that is all the money you would need.
A lot of students do assignments wtih agents on a regular basis. As long as you have a great agent you can do assignments any time.
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
eroberts gave you links to great places to get Proof of funds for free & as much as you need.
In order to make a contract legally binding as a buyer you do need to put some sort a value into the agreement which is going to be Earnest Money.
Understand everything is negotiable, its all about what both parties agree to.
Ive been in plenty of purchase agreements where the earnest money was 1$ then again Ive been in some where the earnest was lots more.
And yes you can work with RE agents like eroberts answered for you.
When you are assigning a contract , nothing changes on that contract, and if you made a contract with your RE agent, it is in that contract that the agent is representing the buyer, when you assign you contract, that doesn't change, your agent is still representing the buyer & they are still getting paid their commission at closing. Make sense?
eroberts and haroldc I really appreciate the info.
I've been a broker for 36 years and have mostly specialized in representing buyers and investors. Remember that the buyer's broker gets paid his commission from the listing broker who gets paid by the seller as long as the property is listed. His commission does not effect the amount you can offer on the property and make your investor a profit because it does not come from your side of the transaction unless you are offering on a FSBO and then you will have to pay your broker or have them create a commission agreement with the seller. Either way the broker doesn't care if you are assigning the property or working with investors as partners in an LLC or buying with your own cash as long as you and your investors are serious buyers and close on the deal a majority of the time. You need to work with an agent that understands that several offers will be made before one is accepted but that each time there is an acceptance you will close fast with cash and then be ready to do another deal. That is an attractive arrangement for a long term thinking agent and his broker. Creating a relationship with an investor who does one deal after another can be the bread and butter for an agent, so don't feel that you are cutting him short just because he has to do a little extra work for you.
I am having a problem getting directly to the agents. I leave emails, and telephone number, but I am not getting a response.
Can anyone give me some ideas on creative ways to get agents to work with you as an investor?
Thank You
I ve copied this from our site last week .
Hope it helps ,
I stayed up for nights hand written list of names from Craigs list and every place I could find any access to finding buyers with a scrip list made by Dean .
Study it don't lie about being new .
Be honest sincere and ask the right questions .
Kenneth Bell from Chatham Ontario Canada .
reached at 519-351-6899 put the time in now to play later .
80 ways to find buyers
Posted on: Mon, 08/31/2009 - 19:22
jjensen
jjensen's picture
Site Enthusiast
Posts: 372
Joined: 2008-04-23
Points: 1341
Deal MakerSuper ContributionKnowledge DiscoveryConference PresenterSpecial ContributionGold MedalSilver MedalBronze Medal
User is offline Offline
80 ways to find buyers
Exit Strategies Part 3
by Jeff Jensen
80 ways to find buyers:
1. Freebie Newspaper Ads
2. Minor Newspaper Ads
3. Newspaper Weekend Edition Ads
4. FSBO Magazines
5. Business Cards
6. Paper Signs
7. Bandit Signs
8. Door Hangers
9. Bulletin Boards
10. Handouts
11. Flyers
12. Real Estate Agents
13. Expired MLS Listings
14. Open Houses
15. Title Companies
16. Closing Agents
17. Accountants
18. CPA’s
19. Attorneys
20. Mortgage Brokers
21. Lenders
22. Property Management Companies
23. Financial Planners
24. Financial/Money Advisors
25. Investors
26. Home Inspectors
27. Appraisers
28. County Records Employees
29. Escrow Officers
30. Hard Money Lenders
31. Private Money Lenders
32. Secondary Lenders
33. Developers
34. Contractors
35. Local Employers
36. Rent-to-Own Stores
37. Referrals
38. Your Existing Occupants
39. Sub-Contractors
40. Handymen
41. Door-to-door Canvassing
42. Free Gift Advertizing
43. Postcards
44. Promotional Materials/Calendars/Note Pads/Magnets
45. Cooperative (Co-Op) Advertising
46. Legal Newspapers
47. Grocery Store/Wal-mart
48. Flower Carts
49. Benches
50. Bus Stop
51. Adopt a Street Sign
52. Laundromats
53. Car Washes
54. Yellow Pages
55. Restaurants
56. Restrooms
57. Mail Center
58. TV Guide/Newspapers
59. TV Ads/Commercial
60. Special TV Programming
61. Radio Ads
62. Billboards
63. Walking Billboards
64. T-Shirts
65. Hats
66. Community Business Organizations
67. Chamber of Commerce
68. Sponsor Sports Team
69. Sponsor an Event
70. Charitable events
71. Charitable Raffles
72. Host a Charitable Function
73. Local Churches
74. Weekly Hotels
75. Property Brochures
76. Magnetic Vehicle Signs
77. Vehicles Wraps
78. Real Estate Auctions
79. White Vehicle Lettering
80. Club Membership Bulletin Board
__________________
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
I'm new on here and it slow going to try to find buyers. I think that is what is slowing me up. I want to start getting more aggressive but I need to know in myself that I have the right answers when I approach these individuals on that list. If you have any ideas it would greatly help.
Thanks for the info on the proof of funding I need that if you have any more let me know. Thanks a bunch I love the DG Family
What Ever The Mind Can Conceive The Mind Can Achieve
Hello everyone. I'm new to real estate investing and trying to understand the whole REO funding deal. I see that the Insider's Cash site mentions how to profit from flipping a property to an end buyer on day one. However, I see that it takes around one to two weeks for the company to process all paperwork you send them and send funds through escrow. Before all of that, you provide a proof of funds to the bank. Once you show the proof of funds to the bank and sign the purchase agreement, does this mean you must find a cash buyer before the IC provide the funds for your deal? Do you have your buyer sign a purchase agreement so that he must put his money in escrow before you are ready to close with the bank seller? I would just like to know how the one day back to back closings work with these funding companies. Thank you for any assistance you all can provide.
Amir