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I have a question and I was wondering if someone has faced the same thing. I am submitting offers with a agent on a REO that is willing to do everything. She is a amazing agent, however, she says the the Banks here In California that are holding the REO's wants to see a Bank Statement not a POF from somewhere like coastal-Funding.com. Here is what I was told, "Also the only problem with those proof of funds letters isn't enough for our offers to be looked at. The banks are pretty strict and need a bank statement for these REOs"

I know they work on same, and not on others. How would you go by handling this small set back. Anyone please help and coaches please help too, Funds from those sales are my ticket to the Success Academy.

Hello everyone! I found a great 3 office/1 floor bldg and I finally got the nerve to pick up the phone and call both owners (divorced) and their attorney as well. The ex-wife is willing to assist finance her 50% share of the property and when I spoke to the Mr. he was shocked!! But is willing to cooperate if the price is right.

Details:
3 offices in 1 dwelling, parking for 29 cars,needs at repairs between $25k-$35k, and the asking price was $900k 4 years ago. Asking price is $500k.
The location is a great vicinity that is 1 mile from a major hospital and highways, very busy vicinity with offices all around.

I can use everyone's advise just about...now!! thank you,
Liz

Hey Dean

Get this message clearly. However, I have always been not-so-good at public speaking...unless it was about a subject that I knew intimately, like you with Real Estate. Your message is a good one and I am trying to overcome many obstacles in my way, including my health as I just underwent a tripple by-pass in April. I'm feeling better, bought your Rock Bottom program, but find that my expenses are currently more than my income. Hopefully I can find my way clear and utilize all the weekly blogs you have given over the last couple of years. I find that times keep moving and so must I. Sorry if I am rambling, but that's the way I think. Best regards

Ron

Although I have not yet completed the entire book I did take action. it took my four tries to find the right realtor. We looked at properties last Friday and there was one home that was a good opportunity. But....I wanted my husband to look at it as we will be doing some of the work ourselves. Now my realtor told me that it would take about 25K in fix up but I could make a tidy profit. I didn't tell my husband this as I wanted to get a real feel for is (I don't know my realtor very well yet). My husband works the numbers and says it will take 25K to fix up!

So. I tell my realtor I will most likely put in an offer the following monday...the property went under contract that afternoon....I am bummed that I didn't pull the trigger! But, I will continue to look.

If you are starting out with investing or wholesaling, I recommend speaking with a worthy attorney. What do I mean by worthy attorney? Some attorneys can have the wrong mindset just as some real estate agents do.

I think it is important to be aware of this fact. It is vital to your goals to do your due diligence before seeking the right attorney to help you with your deals. All so often people rush into an attorneys office not knowing the right questions to ask.

First I think these few simple questions you can ask yourself can help you determine what your overall goals are. As time progress they will become more detailed and specific to your needs.

Write down

What kind of an attorney should you seek.

What do you expect from this attorney.

Not going to go into how sarcastic and rude this guy was but I am really wondering if this thing can work by just using the Realtor the properties are already listed with while I am on my search for the perfect Realtor... submit the low offers and move it right along. Id rather be writing about filling out those contracts that seem a bit challenging to conquer than, 'This Realtor thinks Im stupid' Just when I get the guts to give him an offer, he decides to tell me 'what a realtor does' Really? Glad he showed me this before we got started with anything.