Welcome to "NEW FRONTIER - REI Group"

How are you assigning the REO's? Are you dealing directly with the lender/bank that owns the property or are you going through an agent?

Every agent that I have spoken with, and there have been several in different areas, has told me the same thing, "you cannot assign an REO, the banks won't let you". Maybe I should contact the banks directly?

Hi. I am new and from Orange County, CA. Just was wondering if anyone knew of any investors in the area that I could work with. If anyone knows anyone please let me know. Also my mom is a realtor so if anyone needs help in this area let me know.

Hi everyone im new to real estate and im trying to meet investors in san diego. If anyone knows anyone I would love to hear from them and learn what they're doing here. Thanks

I am in the Oceanside area, very close to you. Feel free to email me:
heatherjmacias@****

Hi Group,
Can REO's also have lease options? or do i just assign them? and do i deal with the realtor themselves?

Thanks in Advance,
Alvaro

I have a little bit of money, but really have the experience and know how. I have owned properties and rented them out before. I have a successful system for maximizing rent and positive cashflow. I have more time on my hands and would like to partner with someone who has less time, but more money. I would like to buy and hold and rent under an LLC.
So, the person I am looking for would be interested in good interim positive cashflow and be willing to wait for a much bigger payday when the market finally comes back ...to sell the rental. There are homes in Pittsburg selling for $40k, $60k, $80k where we could get a positive cashflow of $500+ per month and then ultimately a 100% return or more when we sell that rental.

This looks like the place for me. Interested in assignment deals, "bird-dogging", anything that is no-money down as I am cash-poor.

Hi there. I know this is probaly not the correct place to put this but I tried to PM you and havent got a response. (I could of done it wrong) Anyways, I was looking at your post for bird dogging and am lovin the subscription idea. Looks like you guarentee at least 10 deals & all at least 35% under FMV. I was wondering how many deals you put on that sheet and also how often do you give them a new list.
I am wanting to put an incredible list together for investors (something they would be crazy not to buy.) Have on the list foreclosures, preforclosures, REO, FSOB, Auctions, Probate, Rehabs ya get the point. Is this the kind of list that you prepare or am I getting in way over my head. Thanks in advance for your answer. God Bless.

Tina

I have a short sale that I am working on, and already have a buyer in place, but they have FHA lending, and that becomes an issue for seasoning. Is there a way to use the second buyer addendum to get around this, or is there ANY way around this? I am going to put in my offer today, so time is of the essence as there is a sheriff's sale scheduled for May 6.

Hi Anita,

I have sent you an email before, but somehow you did not receive it. So, here is mine:
eastbayinvestor@****

I just spotted a 3bd 1ba for 26K in pittsburg. Rent is around $1500 and with the purchase price, you can imagine what kind of positive cash flow we are talking about right?

Let me know,

kurt

Hey Group here's a ? for everyone this is what i'm seeing locally in my market, how do i approach this "realtor" with trying to get this home "no money down" and get my new tenant/buyer into a home?

$104000 / 3br - 1450+SF / LOFT home on CORNER lot with Vaulted Ceilings - Affordable!- (Trail Ridge || *FORECLOSURE HOME*)

EZ Loan conditions offered directly from HUD: $100 Down or your Closing Costs Paid up to 3%
.... plus ....
Realtor services are Free, HUD will pay buyer's agent commission

Hi everyone this is what i'm seeing locally in my market, how do i approach this "realtor" with trying to get this home "no money down" and get my new tenant/buyer into a home?

$104000 / 3br - 1450+SF / LOFT home on CORNER lot with Vaulted Ceilings - Affordable!- (Trail Ridge || *FORECLOSURE HOME*)

EZ Loan conditions offered directly from HUD: $100 Down or your Closing Costs Paid up to 3%
.... plus ....
Realtor services are Free, HUD will pay buyer's agent commission.

Wouldn't i need to qualify for this HUD home on my own or do i bring my tenant/buyer to this realtor for hud qualifications? of course i would like to get either a finders fee or try to assign it to the new buyer

Thanks in advance for all replies.
Al

Wanted to say hello, and also to say, Kim and I had an awesome time this past weekend. We would like to be a part of this group. We are eager to get things going. We are interested in doing joint ventures. Let us know.
Take Care

Hi everyone,
I Have found my first Possible DEAL, i think for me my problem is beign "afraid" to MESS up.

Here is what i have got from a potential seller. They do have a realtor. these were the ?'s , i asked the seller.

I think i may know which startegy to use but like i said "scared" to approach the deal-(chicken) i guess.

1. are you dealing with a realtor?

2. How long has your home been for sale? are there any outstanding mortgages? if so , how much is outstanding?

3. how did you arrive at your asking price?

4. Are you flexible?

5. Are you open to Creative Financing?

6. Have you located a new property to move into?

7. and finally if I bring you an ALL-CASH offer what is the lowest price you would be willing to Accept?

Would you offer your home on a "lease Option" if so how much would you require as s " Down Payment."

these were her responses:

1. Yes - his name is Ben Townsend
2. About a week and a half - I owe about $68K on the mortage
3. I paid about the same amount for it less than a year ago - I have to move due to personal reasons beyond my control.
4. If flexible about the amount - I already went down from the price I payed. So not too flexible.
5. I need more details on what you mean by Creative Financing before I can answer that.
6. No, I'll do that when I get there - first I want to sell or rent ot rent to own.
7. All Cash - I would go for somewhere around the $135K - but I need to know is legal, not sure how you can do that.

YEs Lease is an option - I can be flexible about the downpayment.

So i would say i should maybe approach this as a "LEASE OPTION TO PURCHASE"
But i would like THE DG's Inputs.

Thanks in advance
Alvaro

Would love to join I am in WY a long ways from all of you. But I have a buyer looking for 3 properties in North Las Vegas, doesn't mind putting in some work if the bones are good one for them to live in and 2 to fix and rent anybody have any leads let me know. They are going out there on vacation soon so if I could I'd like to have some addresses for them to look at, he has the money so I'm not worried about that just need a little extra input. Will make it right to anyone who has anything.
Let me know
Thanks
Donna

Hello all - My name is Michel and I am in Las Vegas Just signed up for the coaching and would love to be a part of this. It is unbelievable the knowledge that everyone can get from this website. I would love to here from anyone in Nevada as I am very nervous about starting. Anita, you are awesome and I have read and learned so much from your posts. I look foward to reading more and hopefully meeting you someday.
Michel

Hi, My name is Marty and my husband and I are about to embark as REIs. We are setting aside time at the end of this week to go looking. We've read Dean's books and are very excited. We will need to do assignments and birddogging to get started. Since my husband, Alan, does residential inspections, we figure we'll be able to determine some of the costs of properties that need fixing up. We live in Elizabeth, CO.

MartyK

Hello All

I am new to re investing I live in So Cal, bought two of Deans books not really sure where to start,
meeting with a real estate agent today to go over some strategies I learned in Deans books. Looking forward to brainstorming and networking with you all.

CJ

Hi,

I just ordered Dean's two books yesterday and will impatiently await the 2 to 4 weeks for them to arrive.

Any suggestions as to what I could be doing in the meantime to prepare myself?

Anita, check the syntax on the header for the second paragraph of your .com website. (two to's)

Thanks!
Rob