Very New to Investing - Interested in Fast Cash

Welcome to this site. You have choosen a great place to gain knowledge and understanding about real estate investing. The first thing I would suggest you do is to start building a buyers list. There are many posted topics on this subject in this forum that will give you many ideas of how to start finding buyers. There is a search bar under Deans picture on the left had side of the screen, type in building a buyers list in that search bar and you will have many post that will give you good direction on getting your buyers list started.

Hey Jake,

First go fill your profile out, then go watch a few videos and read some of the forums. There is SO MUCH information here in the forums and when you have questions from those, then ask. Have you read any of Dean's books yet? Do you belong to the REIA? I look forward to seeing your future posts!

Later

I have enough study material about how to make a buyers and sellers list, I have about 2-3 buyers who are interested in buying(though I am still asking as to what properties in particular that they prefer; they are investors who are part of 2-3 separate REIA's) and I have yet to build my seller's list. I am somewhat still confused as to how to make an offer between a buyer or a seller, and I wish to know how, especially when it comes to double closings.

First of all just so you know there is tons of info on this site that you can use to help with all the steps.
What you need to work on first to do those strategies (Bird-dogging, Contract Assignments, and Double-Closings) you need to start with finding buyers.
That is the most important place to start. So start networking at investment clubs, foreclosure auctions and people you know.
Also start calling the "we buy houses" signs and call them to see what they are looking for.
once we have the buyers we will go and find the properties they want and match them up.

go to some other forums that we have on how to find the buyers. we have tons of info there.

IF you USE the 'buyer /investor profile FORMs' and fill them out, you will KNOW which properties they prefer as in price range,repairs, location and profit margin or ROI your buyers want or need to make the deal.

YOU are the BUYER when making a deal from a seller or REA. What you do (your exit strategy) with the deal, whether it be assignment, double close, etc it YOUR business, NOT for you to tell all.

IF you USE the 'buyer /investor profile FORMs' and fill them out, you will KNOW which properties they prefer as in price range,repairs, location and profit margin or ROI your buyers want or need to make the deal.

YOU are the BUYER when making a deal from a seller or REA. What you do (your exit strategy) with the deal, whether it be assignment, double close, etc is YOUR business, NOT for you to tell all.

you just need a buyer's list; then when you know what they are looking for, you go out and find properties that meet their criteria, that's it.
To find properties, you can put out bandit signs, or you can find an agent who works with investors and can submit offers for you.
Read DG's book '30 Days to RE Cash'; it's pretty much a step by step guide.

Thanks for reminding me about the 30 days to real estate cash.
That is a great resource that will give you lots of information on how to get started.
Talked about how to get buyers and how to start getting some deals sold over to investors.
one of our most successful students just used the book to do the program.

Here are some DG.com links to help you in building your Buyer's List:

Training videos on building a buyer's list

http://www.totalviewrealestate.com/sellit.php

Dean's Success Academy Coach Jeff Jenson Building Buyer's List Tips:

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

Video by Dean on Building a Buyer's List:
http://www.deangraziosi.com/emd/videm/buildbuyerlist

Conference Call with Dean and Jeff Jenson on Building a Buyer's List:
http://www.deangraziosi.com/content/conference-call-tuesday-december-22n...

DG Success Fest link to download (Chapter 1) a FREE Guide to Building a Buyer’s List:
http://www.deangraziosi.com/content/new-week-new-successfest-treats-you

Good luck! Believe and Achieve! - Joe

Be careful of the "fast cash".....get your education, your training....continue to grow everyday....plan your work and work your plan. Work 6 days and 1 day of rest....find your why....always remember your why.

How would I go about making an offer between a buyer and a seller, leading to them signing a purchase contract of sorts? Do I show the buyer the aggregate info of the house that I show interest in introducing? Do I show the seller my offer price to the house he is selling with reasoning to my offer, despite the seller already introducing an initial price to the home he is selling?

What area are you in? Maybe we can work together

My profile states my current residence.

Okay, I have collected about 10+ buyers for my list, and now I am looking at properties in the below 100k range that are probably enough to make a profit on. Should I ask for comps from a Real Estate agent or should I use tools like PropTrend to pull those up for me? After I calculated what needs to be calculated in the comps, do I just contact the seller of the property with whatever calculated price I intend to offer, or do I contact the listing agent so that I would request more info. on the property? As I send the purchase contract to the seller if he accepts the offer price, do I have to set the closing date about 30 days from the initial offer, and do I also send a similar contract of sorts to a willing buyer if he accepts the property I offer him? I also heard of putting contingency clauses on contracts just so that I would avoid any legal hiccups whenever the deal doesn't work out, and I would probably used templates for those contracts; do I sent those purchase contracts to the listing agent of the seller's property just so those contingencies are there, or do I tell him what contingencies should be added onto the contract, or do I type the contingencies myself onto the contract? After I get the contract signed by the seller, do I have to worry about holding costs, as the contract would probably state that I would have to hold on to the property for about a month or less until closing day comes? Do I also put under contract the buyer so that he would buy the property from me at the same day that I purchase the property from the seller?

Do not knowing what I am supposed to do next at this point, but I am still looking at properties..

http://www.sflblueprint.com/page1.html

I recently got this seller with a bundle of 15 rental properties that he is selling, with a listing agent, for about $1.2 million, and he's willing to sell the whole bundle, or separately, depending on how I go with it on closing. I was wondering if I should double close it as a bundle to one buyer, or that I should sell the properties separately?

It depends on your buyers: do you have a buyer looking for 15 properties in a bulk deal? If so, yes. Otherwise, it depends on what your buyers are looking for.

Also make sure you have the funds to lock up a deal with this. Even at $500 earnest money deposit per property, it will take $7500 to lock up a deal this size. Everything's negotiable of course.

Good luck and let us know how it goes!

- Tom

I have a group of rental properties in Savannah going into assignment of contract as a bundle, and I calculated that the assignment fee would be at around $210k. There are around 42 units in the property bundle, priced at around $1.8million, so I wonder if the assignment fee is considered fair, since I calculated $5k per unit.