The Hottest Real Estate Investing Content

I made my 1st DEAL!!!
Talk about addiction... I found mine!!
I know this stuff works but when you actually do it and it works omgosh!!
Searching through some ads I found a townhouse that a
gentleman had for sale that he started to rehab and
wanted to sell for $19,000.00. I called honestly hoping he
was a landlord thinking I could pick up someone to
add to my buyers list. During our phone conversation he told me that
he just lost interest and had enough rental income coming in
that he wanted to sell. So truly in my head bells and whistles went
off I heard one of the speakers from the edge event (sorry I don't
remember who) about packaged deals. I thanked him for his time and
told him I would get back with him. I did a little research and found

I am always happy to expand my knowledge on a particular topic. Like many people I have been using the term "Additional Insured" in dealing with my interest and others with regard to insurance on a property. I learned something from this article, that it is not always appropriate to use that term. I hope you will find it as enlightening as I did.
By Kelly Troy
As someone who writes prolifically about real estate and insurance, this article, as compared to others I have written, is relatively short, however, given some of the recent conversations I have had with investors and some of the recent classes I have taught, I feel it is necessary.

Can anyone send me a copy of their "pre-foreclosure" letter(s) as samples? I am in the process of making multiple offers on "pre-foreclosure" properties, however, I would like to send the owner(s) letters, prior to any live contact. I need these letters ASAP!!! Thanks so FAM.... U are the greatest!!!

Oh, I forgot... can u send me sample copies of "short sale" letters to the banks as well. I have several of these I want to make offers on ... Thanks again.

Hi everyone,

I just came across an apartment building for sale and the ad where I found it states, among other things, "Principals Only". What does "Principals Only" mean?

Dave

I live in VA and I am interested in a property in Maryland. I want to write up an offer to present directly to the seller, since there isn't any agent involved. If I decided to use a Buyer's agent, how would they get paid, how much would they get paid and when would they get paid? Would they earn 3% or 6%. I am not sure.

I am working on a step by step process for assignment of contracts. After I reach out to investors and sellers to build up my sellers/buyers list and these people call me, what script do I use or what do I say? I'm one of those people that I have to have some knowledge so when I talk to prospective sellers and buyers I know what I am talking about. I also know that experience is the best teacher.

Another question, Do I as a RE wholesaler use only 3 documents (per Carol,thank you)for the whole process? (1.The Instant Equity Exchange, 2. Investor Disclosure Agreement and Seller's Acknowledgment, & 3. Investor Purchase Agreement) Thank you in advance for your responses. Blessings

Script for Absentee Owners
1. “Hi, is this (their first name), my name is (your full name) and I’m just getting started with real estate investing. County records show that you own multiple properties in the county and I wanted to see if you are still investing? (If yes) Great, I’m glad to hear that. I’m looking for great deals for buyers here in the area and was wondering what kinds of homes you might be looking for?”
2. Get personal criteria
a. “What technique are you using?” (Buy & sell/buy & hold/lease options, etc.)
b. “How often do you buy?” (Frequency)
c. “How do you close on properties”? (Cash buyer, has financing lined up, etc.)
3. Get property criteria
a. “What kind of neighborhoods do you buy in?” (Low, middle or high)

I am happy I found this ~ I was looking all over for something that would work great for Google Voice or any other voice mail service. Now, I found out I have voice mail with my 800 ring central fax number.

I've attached it here for review, and I hope this helps you.

Trademark LLC
1234 House Lane
Charlottesville, Va. 22901

Dear Mr. Real Estate Owner,

My name is (your name) and I am real estate investor. I noticed you purchased the property located at 123 Main St. That area is also an area that I am always scouting for properties. I have a knack for finding really good real estate deals. I use creative marketing techniques to find deals that nobody else can find.

Many times I find more than one of these deals at the same time. I only negotiate on properties that have excellent equity and returns. If I can’t put together the financing to buy a property that has great equity and returns, would you be interested in looking at the numbers?

IMPORTANT!!! Before you ask a question, please go through the thread's Table of Contents via the link below. Your question may have already been answered!

http://www.deangraziosi.com/real-estate-forums/everything-else/86517/30-...

Topics of regular discussion:

*Finding the Perfect Real Estate Agent
*Building a Buyer's List
*Ghost Ads and Bandit Signs
*Assignments VS Double Closings
*Contracts and Purchase Agreements
*Earnest Money

This will be updated as progress is made

Hi Everyone,

I saw the thread with someone asking if is was possible to make $100k wholesaling in a year. Not only is it possible to make $100k in 12 months, I have done it in 30 days.

So I thought I would lay out how to make $100k in your first year in real estate. The concept is actually very simple if you have the correct approach and you are willing to do the work.

I have showed brand new students this technique and I have seen newbies make over $100k in their first year.

First and foremost you absolutely must have 5-10 buyers that are ready and willing to buy properties. You really don't need more than 10 buyers because you will sell some buyers more than one properties in a year.

Article Source
http://en.wikipedia.org/wiki/Title_search

Full coverage search
A full coverage search is usually done when creating a title report for sale/resale transactions and for transaction that involves construction loans. It generally includes searches related to property lien, easements, CC&Rs covenants, conditions and restrictions, agreements, resolutions and ordinances that will affect the real property in question.

1.Search for liens against the owner and the other parties on title.
2.Search for liens against the buyer (for sale transactions only).
3.Search for Bankruptcy proceedings against the owner of the property.
Search for liens against the buyer is not something that is covered in a title search.
[edit] Limited coverage search

Hey guys,

Sean here again, with another question. I've been working my butt off lately to close my first deal. Without going in to great detail, Ive been fully self-employed getting this REI company off the ground, among another couple businesses, but this is the one I am focused on the most. Seeing as it will be my foundation company giving support to any other business I may start in the future.

Here is one of the best Bird Dog agreements that i have seen. Charlie

Bird Dog Consulting Agreement

This Agreement is made effective as of __________________ 20____, by and between _____________________ (Investor, hereinafter “Company“), Located at: _________________________________________¬¬___________________________________ (Address)
In this Agreement, the parties who are contracting to receive services shall be referred to as the “Company” and the party who will be providing the services shall be referred to as the "Consultant".