Blogs

This is my first blog as I just got started. I am navigating the website, getting to know what information is available, where to look, listening to audios of DG and reading as much as I can. I would be lying if I said I wasn't overwhelmed and scared, but reading all the blogs is extremely comforting. I know I can do this and I am so excited! I am waiting for the book, but already taking action - just filed for my LLC. Thanks, this is going to be fun!

Ok here is my delimma! I find properties distressed, homes sellers want to sale, buyers who want to buy. Bad huh! Well here is the delimma, I do not know what to do once I match two together.
My Seller does not want to do a Lease Option he wants a direct sale but his home has been on the market for 8 mnonths. Great home and he has dropped the price several times already. It has a good price for the neighborhood, I have held an open house for him and intend to hold another one after Easter. No takers, even the original home owners came in to look around, said it was priced right and the home looked good. Even though the home was empty I still stagged it well enough for interest. I just do not know what to do next.

I haven't posted in my blog for a while. Now its the end of March and we have been very busy investing. Recently sold one of our props on a lease/option, sold another prop we purchased from a tired landlord ,bought and did a fix and flip with one of our partners. We currently have another fix and flip prop pending sale,another we are rehabbing that we will do a lease/option on. Another we just purchased with one of our partners that is undergoing rehab for a fix and flip. Have another bank owned property offer accepted and also another private owned that we are purchasing on a land contract which we may hold as a lease/option or possibly wholesale.... haven't decided.

In order to get your agent focused on looking at the properties that will most likely have motivated sellers, have him/her look at the comment section of the listing. Here are some buzz words that will indicate the seller may be motivated:

As Is
Fixer Upper
Handyman Special
Offer Fell Through
Vacant
Estate Sale
Relocation
Seller Lost Job
Divorce
Must Sell
Seller Desparate

Some agents will just send you every listing in the book, but if you ask them to limit the ones they send you to listings that mention one or more of these, you will have a better chance to make a deal.

I spent a year calling agents to try to get them to work with me. When I get one that says they work well with investors they lie. They are looking for buyers of houses already fixed so they can rent them out. when I tell them I am trying to buy low fix them up and sell them at below market value they drop me like a rock. The ones willing to stay want to be paid a retainer, file sole agent or present a letter of funding. I have contacted 12 hard money lenders even given to me from this site. Most want a percentage paid by me and want all receipts and money itemized listed with estimated as work is being done.

Hey everyone, I just finished deans book.

Right away I want to do an assignment of contract deal. Can someone tell me tips on how to talk with the seller to agree to this contract without sounding like a shark?

I'm in Illinois and I told I need a brokers license to do this.....does anyone know if it's true?

Also, to begin with what is a good starting buyers list?...at least 10 to make things happen?

I'm going to start with Craigslist and a friend of mine to start to build my buyers list. I've read y'all have been getting good results there.

What forms did everyone use...the ones Dean provides or did you get your own from somewhere else?