How to Attract Investors to Assign to Your Deals

Hey everyone!
I read all the information here and boy am I glad, you guys answered a bunch of questions for me! I just have one that I'm not sure of and since I'm a newbie (just bought Dean's book last week), I want to be sure I do this right from the beginning. I'm working on my buyers list so what is a good percentage to ask for myself as a finder's fee so to speak? I know some investors take 4% of the overall value or 10% of the equity. What would be a good percentage for me to ask?

Thanks for your help in advance!

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All things work together for them that Love God, to them that are the called according to His purpose.-Romans 8:28

I have come across a va foreclosure at a steal but am having
a problem finding financing it is a cash only deal. I have not been able to find a hard money lender in my area. The property is a 3 bedroom 1 1/2 bath with a 1 car attached garage going for 20,000 the comps in this area are now selling
at about 75,000 and I don't want to loose this opportunity. any ideas I would appreciate them. This would be my first investment. Would a hardmoney lender be a good idea?

Hi, this is (Your full name). Thank you for calling. The following is a 1 minute message on how you can get your hands on great investment deals. Our program is designed to search out the best investment deals in your area using resources such as online tools, working closely with local real estate professionals and even driving neighborhoods to ensure we get the best deals for you. If you’re tired of spending all your time looking instead of buying, this plan is for you! Let us do the leg work to find great deals and feed them to you regularly. All we need to start is your property criteria and how soon you’re looking to purchase. Please don’t waste any more of your valuable time looking for deals, do what you do best, that’s buy property and let us take care of the rest. After the message, please, leave as much information as you can about what you’re doing and looking for, and we’ll call you back ASAP to let you know what we have that matches up and what we can do for you. Thanks again for calling and have a great day!

Hi, this is (Your full name). Thank you for calling. The following is a 1 minute message on how you can get your hands on a great home for your family. Our program is designed to search out the best homes in the area of your choice for your family to move in to. We do this by using resources such as online tools, working closely with local real estate professionals and even driving neighborhoods to ensure we find the right home for you. If you’re tired of spending all your time looking instead of buying, this plan is for you! Let us do the leg work to find the right kind of home for your family. All we need to start is your property criteria and how soon you’re looking to purchase. Please don’t waste any more of your valuable time looking for deals, spend more time with your family and let us take care of the rest. After the message, please, leave as much information as you can about you’re circumstances and what looking for and we’ll call you back ASAP to let you know what we have that matches up and what we can do for you. Thanks again for calling and have a great day!

Hi, this is (Your full name). The following is a 1 minute messages on how you can rent-to-own a home. Our program is designed for those serious about eventually buying a home, but need some help along the way. If you’re tired of just renting but are not in a position today to purchase a home, this plan is for you! Perhaps you can’t qualify for a loan right now because you are in the process of working on your credit score or maybe you just don’t have a ton of money for a down payment. If this is your situation, Rent-to-Own can be a great way to get into a home and start building equity now. Rent to Own requires a small down payment along with regular monthly payments, the amounts of which vary based on the home you’re interested in. During this time you will build up a down payment which will be applied toward the purchase price when you’re prepared to buy. During the program we will have you work with a lender and a credit specialist to get your credit in shape so you can purchase as soon as possible. With this program we can help almost anyone, so please, leave your name and number so I can call you back to discuss you home buying future. Thank you for calling and we look forward to working with you soon.

The key to making your relationship with a Realtor work is bringing something to that relationship that the Realtor needs. This is called leverage. You may not be buying anything yourself, but if you have a pool of investors already lined up, then most any Realtor would be thrilled to help you out. With a strong investors list you have the power to do multiple deals over time and put tons of money in the Realtor’s pocket. Without investors lined up you may not be able to do anything.

“Hello, my name is (Your name), how are you? I’m just getting started with real estate investing and currently have a group of 17 (or what every number you actually have) investors I’m working with. I have already spoken personally with each buyer, so I know specifically what these investors want and how often they want to purchase. My intention is to find property that match their criteria, put the properties under contract and then sell the contract to the investor for more money…”

Pro-Active Techniques
Investment Clubs
Real Estate Auctions
Networking with Real Estate Professionals
Realtors
Lenders-Conventional, Private & Hard
Title Officers
List of Absentee Owners
Escrow Officers
Real Estate Attorney
Accountant/CPA
Home Inspector
Appraiser
General Contractor
Sub-Contractor
Handyman
Property Management Companies
Re-Active Techniques
Online Ads
Craigslist.org/upillar.com/ebay.com
Search Engines
Local websites
Fliers
Handwritten/Pre-printed
800#/Local
Bandit Signs
Handwritten/Pre-printed

Hi, this is (Your full name). Thank you for calling. The following is a 1 minute message on how you can get your hands on great investment deals. Our program is designed to search out the best investment deals in your area using resources such as online tools, working closely with local real estate professionals and even driving neighborhoods to ensure we get the best deals for you. If you’re tired of spending all your time looking instead of buying, this plan is for you! Let us do the leg work to find great deals and feed them to you regularly. All we need to start is your property criteria and how soon you’re looking to purchase. Please don’t waste any more of your valuable time looking for deals, do what you do best, that’s buy property and let us take care of the rest. After the message, please, leave as much information as you can about what you’re doing and looking for, and we’ll call you back ASAP to let you know what we have that matches up and what we can do for you. Thanks again for calling and have a great day!

Do we not just love this site with all this great info we can get to help us along the way in investing. Thanks a lot jj for that great info about the telephone scripts you posted, I saved all this in my special folder for real estate investing stuff and will be adding this to my 800 number I have once again thanks a million.

shawn

what do i need 2 do 2 get started joined the academy and nothing yet 6 mon so far wasteing money! can you give me some pointers please bandit sines not working. TKS THOMAS

I don't understand what is meant by "links" or "linking your website" but have been told that doing so helps you move up the "priority" when a general word is typed in the search engine? Any advice? I was told that leaving you E-mail address & Website address provides a "link"? Do you need to put paid advertising on your Website to create a "link"? Please advise as I am confused & my website is so far down the list that I gave up the search!!

David B.Holwell

Google
www.aaarepropertyinvestors.buyforeclosing.com

Sometimes when I call bandit signs I run into people that sound like they're looking for property for others. They'll say things like, "let me know what you have, I'll look at it and if I don't buy it, I have a list of buyers that may want it". I'm having a tough time knowing if these are people I should work with. How do I know an investor that's buying from a person that's looking for deals for others? Has anyone else dealt with this?

Deshone

It's simple... just ask them from your first conversation if they are an investor or a wholesaler who is assigning a contract. They will usually tell you with no problems. i hope this helps.

Thanks,
Daphne

Hello.
I am new and i have a question about attracting investors.
When I put an ad, should I give my phone# or my e-mail.
And if it is The phone#,but I do not have any properties ,yet,
how do I go about it?Thank You in advance. jane

Hi Elena,
I just got my books and I am eager to start but at the same time I am anxious. I am really interested in what you said about assigning contracts in some states. Do you know how I can find out if it is illegal "to act as an agent in the sale of real estate without a license" in OKLAHOMA or in other States. Thank you and good luck.

Wis

You have to build a buyers list. There is no way around this. The buyers list could include people you know who have funds available to buy.

I am a old newbie. This means that I have been at this long enough to know how the old school ways worked and new enough to know the current trends.

One of the things I have been doing and having great success with is that I actually target realtors who advertise that they buy properties. Initially when I started this technique, I ended up with 15. I recently went to three other areas and increased that to 35.

Let me tell you why this works. It works because realtors are not selling homes like they used to. Some are but most are not. They have capital available and are investing to keep going.

I find that many that have been doing what they do for 5 years or more and that are members of the million dollar club, are sometimes bird dogging for those cash buyer clients that they have relationships with.

From here on out Wis, you are an Investor. Nobody is claiming to be an agent. You however, need an agent to assist you with deals. So, find a good one. Start looking now. You might go through several before you find one that will be for life.
Furthermore, people do "For Sale by owners" all the time. You can by the contracts at office Max, and have a attorney take care of the rest. My attorney charged me $300. That was it for closing cost. It was split by buyer/seller. Much better that 6% for RA's.
Welcome aboard. Absorb all Dean's book, then read it again.
"Profit from Real Estate RIGHT NOW!" Is the second book that I finished. I think it was even better than "Your Town".

Good Luck.

Thank all of u for your question and answers! It makes alot of since! Thank you freeindeed for all your information it has help me to understand a little clearer! I am putting my 1rst posting on CL!!
Thanks again, God Bless all & have good deals!!

Hi, everyone

This is my first time on the website and I hope to quickly become a member of the DG family. I have already learnt a lot just by reading some of the comments posted by you guys. Thanks.

During my research on the internet I came across the term " interest rate only ARM 7/1". It was in the section related to mortgate payment, can someone please tell me the meaning of ARM 7/1? Thanks to all of you for sharing your experiences and knowledge with everyone.

Be blessed

WIS

Thanks a lot for for the clarification and another question (lol) do you have to pay the attorney upfront or after the deal is successful.

Be blessed and successful

do the research to find the good deals that everyone is talking about? Do I go to the courthouse or a real estate office or is there some other way?

Thanks so much for the info. I'll give it a try tonight, say a prayer if you will, that always helps.

Nothin to it but to do it.
WFaith

If you plan on going the CL route your in for a long wait. Try your local county clerk office. Trust me they have what your really looking for.

Probate properties, foreclosures, instant buyers list. Just do it. I say...

I've been reading your post they have been very informotive.Im new to the game and have a question about finders fees.I have a property that im trying to sale for a friend I have 2 investors lined up one wants to pay me $500 as a finders fee is this a fair price ? Im meeting with the 2nd investor soon don't know if I should charge a finder fee or lock up price for property and assign for a profit.Your advice would be apprecated.

Thanks
Lexia

Is anyone else having problems finding investors that are actually buying right now?

All the investors im talking to say they have to much inventory at this time.

This is such a awesome site so much great information... I'm receiving and learning from everybody's input.Thankyou also Coach Jeff for your scripts that you printed out for all us to use...

Hello,
I understand how this works but when it comes to the legal documents what is needed and how to fill out each document...I get a little confused in this area! If someone could walk me through which forms to use when I find the buyer and seller and lock it in.

Thanks
Michelle

You are not performing as an agent when you wholesale a property. You are buying the property from the seller and have a right to sell your rights under contract. The person you assign your contract to is buying the rights to the property from you and assumes the contractual agreement of the buyer with the seller.

A real estate agent does not sign an agreement to buy the property from the seller. They only agree to represent the seller in selling the property or they represent the buyer in buying the property but do not take ownership of the property nor do they put up an earnest money deposit.

Wikipedia - Real Estate Agent. A party who acts as an intermediary between sellers and buyers of real estate (or real property as it is known elsewhere) and attempts to find sellers who wish to sell and buyers who wish to buy. This is why agents need a license.

REI's are the buyers and sellers.

I thank you all for the great information and for scriptures that really encourages me to try even though I am nervous!
God Bless!
Juanita