The Low Down on (some) Cash for Houses Websites

Like some have already said a fair amount of these sites are plain FAKES. Or they want you to front all this money just to see what they have to offer. With the down market still in full swing you can bet all the dishonest johns are going to come out of the woodwork so careful out there DG family...

I need help - I've come across a great deal on a short sale and would like to submit my offer, problem is I have no cash. Creating my buyers list what should I say or how should I approach the buyer. I have no cash

I am an investor in the Athens Ga area and the
market is great somewhat stable and I can find great deals but not the financing or a partner with the
ability to get financing to take advantage of the great deals..I like single family for quick
cash but multi-families have the best cash flow..

an ideas on what i can do to take advantage of
this great market....

Thank you very informative.

Betty

When a person call up one of these company. The seller has the option of selling or not selling. No one is forcing there hand to sell. He has a problem and you could help him by helping him get rid of a preoperty. If a propety is in distress condition most Real Estate Agent would not take it. Its like the seller last option. When they need to unload a property they are there to help unload it. No one else is there helping them. With that I remain.

Best Regard,

Jay

Hey Trish,

You didn't pay them the $500 did you? It's been a while since that post. How are you doing? What have you done REI_wise most recently?
Hope everything is going well with you. Looking forward to your reply.

John

I have tried to signed up to paid sites' and did not find much there, "oh there is lots of information. What, I enjoy most are the response from other new investors trying to find deals and if you pay someone $1,000 for a program it seems to me they can help with your first deal without charging additional money. Dean's site is one of the only ones where you get response from new investores.

THANKS FOR THE INFO DEAN! I AM JUST GETTING INTO THE BUILDING BUYERS AND SELLERS LIST PART!! THIS INFO HELPS ALL US NEW COMERS!!

I agree, do research!!!!!!
Stick with Dean's suggestions!! No surprises. I can't wait to join the coaches club and stop dealing with the unsavory 'cash buyers' out here.

Stay Focused!!

We're doing the same thing with the bandit signs folks...same in principle!

Good thinking on thier part...

Phoenx

I just entered information on a possible property that may be my first deal. I was reluctant because they wanted to know all the information on the property. But I am testing the waters.

Thank you for the heads up.

I had a feeling these websites were going to be a hit and miss, Thank you Dean for being steadfast in giving us so much needed important information, and keeping us on our P&Q's

Thankyou Dean for the heads up on cash investors and how we need to watch out for these tricksters

Funny you mention this,cause I was just on there site...We Buy Houses For Cash and We Buy Ugly Houses.Thank you Dean for staying ahead of the game and letting your DG family know what to be aware of out there and on the web...

Thanks Dean;
As a new real estate entrepreneur I appreciate all the great advice. I see these signs everywhere and I know a lot of them are not what the seem. I know because I bought a couple of how to invest books before I met Dean ( Wish I'd found you sooner) and one of the strategies for getting "Motivated sellers" is to place ads or put out signs saying "I buy homes for cash" or "I buy homes any condition" you get the picture. Then once you have the home tied up with lease option or small downpayment 30 days to close. You then go find the buyer and close the deal.

Ive seen many **** sites

Thank you so much for the info! It's so nice to hear others out there who have our best interests in mind, really. I have responded to some similar ads on craigslist and you guessed it... no responses. I'm having a really hard time finding money lenders. I guess I'll have to try REI clubs. Anyone else in the NY area having problems too?

Allison

I'm a single mother of 3, and I'm not able to get out to the Clubs, nor can I afford to get into the clubs. What is another way to locate buyers? Is there a secret "hang out" on the internet? Also once I find properties is there a form that I need to fill out to make sure I get what is owed to me (ex. Bird-Dog fnders fee) If I can hook a buyer up with a good house, what's the next step?

Thanks
Monica

Exactly what does that mean? Is that good or bad? Does that mean we should avoid that site?

You dont have to avoid it,They are just saying that not all of these people are on the up and up. Some of them are just trying to get there sellers on a list. They do not have cash to buy any houses they are just wholesaleing them out to the end buyer,and that isnt a bad thing.

REMEMBER : YOUR FEAR IS THE MIND KILLER AND YOUR DREAM STEALER!
Not all web sites work this way.
However, being a new student to Dean's kingdom, I decided too List my COmpany as Futura Global LLC, futura global enterprises.com, which provides funding, also builds buyer list, and also has cash investors for properties.
Since our journey began two weeks ago we have done the following;
1. Read, and re-read then study all materials from Dean. Wrote out all goals!
2. Use the AFF program, which I still can't log onto! I ahve contacted customer service till I'am blue in the face. No worries, I will follow till I get what we need!
3. Use real estate finder, which is a cool tool, however, you MUST go see theses properites. Found serveral houses, however, we discovered that we could still offer 38% less! We don't care where they are in the US, as long as location good, and they produce profit!!!!
4. Thinking about 31K investment into entire program?
5. Set up LLC.
6. Built the team. Contining to tweak!
7. Contacted 20 investors, offered them 14% return on money invested, raised 100k in two weeks.
8. Going through zip codes with map and marking properties and comps onto map.
9. Ordered business card.
10. Working on standing signs.
11. Built web site.
12. Went with Realators, and discovered we know more than them already. Not all.
13. Getting ready to make four offers today on four different properties.
14. Attended, and signed up for Auction, went to records department in counties.
15. Working on probate deals.
16. Will buy for cash, and flip is first goal.
17. Goal, build 20 homes that generate 7K per month positive cash flow. Next goal, 20 more, that generate 7K per month.
18. Got main partner my wife on board, SO THATS HUGE!!!!
19. Need to learn more about option contracts, I like those!!!
So, CASH for homes, yes, also building buyers base, renters base, and investor base.
Having alot of fun!!!
By the way, we are both un-employed with no income, spending 6k per month. We Never want ot work for any person or corporation again!!! Except for unkle sammy!
Have a Great Day!
Love providing homes for people!!!!

thanks for the heads up I have seen plenty of those sign seems like in every neigborhood.that I have visited. and like running into a dead end.and with all the investigation going on with foreclosure property the sign has been coming down my point be ware of fraud statements.and signs.

Thank you for the information! I've been researching for a while and have seen these signs as well as the websites. Haven't contacted any of them but will be on the look out if I hear from any of them.

I am excited. I actually accomplised two things today. I built my website using the website builder that Dean offered in his "Profit From Real Estate Right Now" book, so the site is just ready to promote. It could use some tweaking first. Speaking of that, I notice when I go to preview my website pages, it has realestate related google ads at the very top of my pages. Does anybody know how to get rid of those, so they don't appear on my webpages?? I also posted my first craigslist ad seeking cash buyer/investors here locally. Bet I get some of these "we buy houses" guys you guys are referring to in this topic. I see their bandit signs all around town. I live in Abilene, TX., and I have not yet found any local REI clubs. Speaaking of bandit signs, they are not permitted here and you can be fined, so not sure why I still see em. I will just have to focus on placing craiglist ads and those other freebie newspapers.
Best of luck to everybody. Hope business is going great, and all are doing well.

I too have seen these ads, I put some of them on my investor list too. Thanks for the tip. I always say you learn something new everyday.

Pone

Hi Jeff & Dean,
These are some very old posts however, the information in the phone conference got my engines roaring again.
I went to the Success Academy and listening to some of the material you covered hit me in the face listening to it the second time.
I will see you at the top. Keep doing it.
Mik Stone

Close to where I live someone has a billboard on a major highway that says, “Cash for houses” with an 800 number. Having read this I’m a lot more curious to call and see what they’re about.

Ok, as a new wholesaler who has not created a website yet. HOWEVER, my plan was to do a "we buy houses" website to attract motivated sellers.

How do we "tell the truth" about what we do, ie assigning contracts for our fee?? What else are we supposed to say? I'd love any and all advice. I had an ad on Craigslist a few weeks ago that resulted in a phone call, and he thinks I am a cash buyer b/c I made him a cash-priced offer. My intention is to sell the contract to an investor and collect a small fee. The person that closes on the house will be paying cash. I will tell my seller all of this in person tomorrow when I meet to get the house under contract. But how do you guys suggest I present this? I always want to be honest; I am not trying to "spin" anything...
Thanks!!!

So, has anyone actually worked a successful deal with any of these "I buy houses" people/sites? I, too, am struggling to get my buyers list off the ground and thought this might be a resource. Of course, if many of these are shams... If you've worked a deal, what kind of deal? Assignment? Was it worth it?

Chris

Me too have found out that these sites most of them are Real Estate Companies looking for a fish to catch. Some are investors like you and me. Someone interested in what you are offering will give you his/her contact there and then.

Good luck in your search.

Elsieb