How to Attract Investors to Assign to Your Deals

My Problem is that I am new and we think a lot like eachother. However; I have buyers willing to move in today, but I not own the property. A agent name is on it, how can i work up a contract between the agent and I? Please Help theirs money to be made.

I like your Blogs...

Put the house under contract(make sure it is an assignable contract) and assign it to your buyer. If you do not understand this process you need to study, read, study, go to local REI meetings, figure this out, you need to know what you are doing, learn this stuff yourself.
Here is a question. Why would your buyer buy from you rather than go straight to the realtor that has the property listed?

Michael Mangham
MD Home acquisitions LLC

HOW ARE YOU DOING IM A NEWBE AND WANTED TO KNOW IF IT LEGAL TO USE A ASSIGNMENT FORM IN NEW YORK FOR A FINDING FEE THANK ALOT FOR ANY INFO HAVE A GOOD DAY

HI HOW YOU DOING IM A NEWBE I SEE THAT YOU KNOW ALOT ABOUT PROFIT FORM REALSTATE SO I WAS WONDERING IF IT LEGAL TO USE A ASSINGNMENT IN NEW YORK STATE FOR A FINDIN FEE IF YOU KNOW ANY THING CAN YOU PLEASE HELP ME THANK YOU ALOT IF NOT BY ME READING YOUR INFO HELPS ME ALOT

Thanks everyone this info was just great. It relit the fire in investment brain

The information is very helpful. I enjoy learning from reading these journals. Yours i very much information.

e-bunny (Mary)

If we follow that advise and keep our eyes on the "Main Things" anf not get distracted by the little ones we keep focus. Your down to earth, keep it simple attitude is so refreshing and it shows in all of your posts. In trival matters it does not matter who is right and who is wrong, or who wins and looses, unless your are in a fight for your life, and that is not the case here.

Why would your buyer buy from you rather than go straight to the realtor that has the property listed?

That is a great question because I was asked that question from a friend of mine. I drop the Ball like a running back on the 1 yard line. What will be the best answer inthe future for this question Michael?

I agree

also include in your reading anything by Robert kiyosaki such as Rich Dad Poor Dad

And a must read is

Think and Grow Rich by Napoleon Hill

Tis true we are the project and real estate is the vehicle. We are not in the real estate business we are in the people business.

You cant help others until you help yourself!

I have some experience in Real Estate Investing with the buy and hold strategy. I currently own and lease several ( properties. However, I would like to try my hand in the assignments strategy of investing. I am currently reading Dean's latest book, and reading the chat emails from you guys, and It all sounds good to me. But I still need that ______? to get me to just jump on in there and start doing it.

Any suggestions you might have would be greatly appreciated.
Thanks, Mr.BO.

2-Timothy 1:7
For God has not given us a Spirit of fear, but of, power, love and a sound mind.

Is this by your definition an illegal transaction? I think we add the illusionary NEED to have anybody selling a property is doing something illegal.

I have an Attorney and a Title Company. There is no other person (excluding the bank) that has any power over the transaction's legality.

Just an observation.. BTW - I am in California.

Rico

Carol thank you for the your templets on ads to place on CL. This is very helpful. My question is, once youve gotten an response to a ghost add, should you just add it to your buyers list or contact them immediately? I was thinking about the dance we have to do re: oh, that property is sold etc,etc. Im gonna PM you because this thread is 2 years old.

Thanks for all of your thoughtful and very practical information.

I am not the one who posted but I followed your link and I must say I love your site thank you for the link VERRY INPRESSIVE FOR ONLY THREE MO. YOU GO GIRL

I am a newbee and have just posted my first Craigslist ad seeking investors who can close quickly, based on your messages. I'll wait and see what happens next. I know that if I can find some investors, that I can find some good deals in the foreclosure arena; I am doing this to build up my investors list and also my lease to own buyers. Your comments helped me get started. Thanks a lot. Trini in Washington State.

Here is an excelent description from an article I read recently.

Why an Equitable Interest Matters
But do you know who’s typically excluded from the “unlicensed agent” laws?
Anyone with an equitable interest in the properties for sale, that’s who.
With a signed-off purchase and sale agreement in hand, you’re free to wheel
and deal that property all day long.
There are exceptions of course, but most of the “acting as an unlicensed
agent” laws won’t apply to owners of equitable interests. These laws recognize
that with an equitable interest you’re selling something tangible and you’re
not a middleman at all.

Elena thanks for clearing that up for me. Tell me if I have this right. Now If I find a great deal and negoicate it down and pass it to an investor I am considered bird dogging? Or as a bird dog all I do is find the property and locate an investor and tell them about the property.

hello! i need some help? I'm new to all of this and I feel so lost. I need help on finding investors. is there a place wher i can look.

I am a newbee. I have read the book and had a good idea of what I have to do, but still a little confused as to what and how to get started. So today I decided to go online and read some of the comments and suggestioins posted by my new family. Thank God for all of you. I have learned so much and my confidence is sky high now. I am ready to go on craislists and post my ads. YOU HAVE JUMP STARTED THE INVESTOR IN ME.....THANKS

Madison wrote:

Like so many of us newbies , using this very informative and helpful site, we are usually starting with little to no money to finance and not so great credit. I think I speak for the majority, when asking, How did you (the 'old hatters') market to investors to assign purchases to?

Any and all information would be very much appreciated!

Thanks much!!!

Well, I am new too, did not close a deal yet however I have 6 investors on my buyers list by attending Real Estate Investment Associations meetings in my area.
I currently have three individual buyers and the investors that I have met have the houses my buyers need. So in my case REIAs are one great way to find investors.

This was an EXCELLENT thread! Carol, thank you for sharing the wisdom you've gained thus far and being such an inspiration

Hi Carol,

I just read your post about finding buyers on Craigslist. I used the exact same wording and for some reason, they disallowed my ad. I'm not sure why.... just wondering what you think.

Hello, does any one have a sample recorded message script that targets ONLY investors.

I am trying to build a buyers list for wholesale, and will put some classified adds, but I want to make sure when investors call they will have the rigth information and professional impression from the pre recorded message.

Most of the scripts I have seen in deangraziosi.com/buyermessage, do not target investors.

Thanks for any help.

Buy Low, Sell Low: that is all wholesaling means. Wholesaling does NOT mean "assign the contract".

In principle, any contract can be assigned, unless the wording of the contract forbids it.

So, you can assign a house to a retail Buyer / Owner-Occupant exactly as you would to any wholesale buyer.

So... when you put a property under contract then sell it at a LOW "Quick-Sale" / "Quick-Turn" price, then you are wholesaling the property. Period.

And, of course, you can wholesale properties without assigning the contract at all.

Gaspar,

Though most folks who ask questions at this site don't do it, they would be helping themselves greatly by first telling the rest of us which of Dean's, or anyone else' books they are reading or have read to learn about Real Estate Investing.

If you do that then the rest of us here who answer your questions can point you back
to the relevant pages in the book that you already have which answers those same questions.

When you have a good real estate investing book, you need to read it at least 3 or 4 times, just to really come to fully understand the basic concepts first, then to digest the different strategies and techniques that are explained in it.

There is no substitute for reading and studying. I only say that because too many buy books then refuse to study them properly, choosing instead to just ask a bunch of questions. But very few folks who don't read will ever make a dime at any thing.

That said...

Think about what you are doing first. You are looking for Buyers. Period. Folks who buy investment real estate to rent out to others, that is, you are looking for landlords, and... you are also looking for Rehabbers - the investors who buy junk properties and fixer-uppers. No mystery there. Right?

What are they looking to buy?? They are looking for CHEAP properties. How cheap? If you still have to ask that question then you really need to finish reading your real estate book, because for sure it answers that question in its pages.

Nevertheless, an Investor needs to buy at a price of 55% ARV, or less, as a general rule.

So, you need to find properties that you can SELL - not BUY(!) - at 55%, or less ARV. Period.

Then just state that in your ads. For instance, I have some ads online saying:
"I sell houses at 55% ARV to Cash Buyers". Or, "I sell rehab houses for just $30,000 each to Cash Buyers"...

It is just that simple. You need to study the section of your real estate book(s)
which teaches how to market for investors or buyers. You also want to look up that
same subject on Google. Then your entire world of Real Estate Investing Education will open up and you will begin to learn a LOT of stuff very quickly, if you focus and study correctly...

What I used to do, and I still do this, is to visit and study the sites of other Real Estate Wholesalers! Model yourself after them! They have already paved the path
before you. So, just follow the Yellow Brick Road.

If you are familiar with the biggest names in field of Real Estate Wholesaling, then
make a point of going straight to their sites and learning from the best in this business.

You should already be on their Mailing Lists, so that they are teaching you exactly what you need to be doing, simply by observing how they play the game...

Start with the wholesalers and investors in your own town, of course. But we wholesalers buy and sell deals all over the country!

So, do this:
Contact all of your local wholesalers first.
Ask them everything that you need and want to know.
Add yourself to their Email Notification Lists!
Tell them that your Cash Buyers need properties at 55% ARV or less.

Then, when they have those properties, they will email or call you.
Then just flip them to your Cash Buyers.

Run your ads at:
1 - ConnectedInvestors.com
2 - Facebook
3 - Twitter
4 - RehabList.com
5 - MyHousedeals.com
6 - DoDeals.com

In summary, starting out as a new Wholesaler, you should be buying from, and selling
to, Wholesalers first, in my opinion... From those wholesalers you will naturally and automatically learn everything else, including who the Cash Buyers in your Town are, what and where they are buying, and for how much they are paying...

If you have more questions, feel free to send me a private message. I partner with new wholesalers every week...

what happens if you put a house under contract and then no buyer has come along to assign the contract to before the end of the date on the purchase agreement? Does it just become Void? Sorry if this a repeated question, i have been wanting to know before i go out and start my first deal.

Thankss.

Can you share any ideas on how you are finding your deals to assign?

Are you advertising in the paper, using bandit signs?? I am looking for effective ways to generate leads as I am building my buyers list. I want to get my first wholesale deal within the next 30 days!

Congrats on your 5 deals!!

this convo has been a major help to me! Preciate you guys! God bless.

Hello all, I just purchased the Rock Bottom Blueprint yesterday and I'm doing my homework for the 30 Days to Quick Cash section. I'm excited and overcoming my fears and am declaring my independence!!!! Vicky

You are so incredibly helpful and such an inspiration - not only with your obvious results, but also with the time you take to so openly share your success with all of us. Just wanted to say a big Thank You!