FAQ: Answers To The Most Asked Questions - Start Here

Where can I find private investors for a green friendly project which is backed by Billions in collateral....yes, starts with a B...

Thanks.

Chris

Hello to everyone out there and future Millionaires,

I am new and excited, I can see already from reading that these forums on the FAQ's have a wealth of information! I have not finished and I already have so many notes, this is fantastic! I hope to be able to soon post a success story and to contribute any new knowledge and experience I may encounter. To all, thank you for your input, I will be part of it soon and hope to help someone as I am being helped by just reading!

Sandy,

"Achievement seems to be connected
with action. Successful men and
women keep moving. They make
mistakes, but they don't quit."
- Conrad Hilton

Im trying to see which product offered by Dean is the right one for me. Since there are several products, I was wondering if anyone could tell me the difference between them or which is the latest edition?

How the Emergency Economic Stabilization Act of 2008 that autorizes the Treasury Secretary to purchase troubled assets from financial institutions through December 2009 will impact the Smart Scripts that will sift, sort and screen the deals. Is Dean Graziosi going to update the Smart Scripts?

Where is the Cash Flow Analysis on the website?? It is a chart/calculator that I am trying to use to present to an investor...but it isn't found under calculators.

I have searched...I called up the help line...I've sent the Help Desk an Email....maybe someone here can help me with that??

Hey Fam,

I could NOT be any more excited right now! After Countless Nights of networking, emails, and everything else you can possibly do to attract Real Estate investors, I've just recieved a phone call from my first one!

She's based out of McAllen TX and working for an investing firm in that area. She told me that she is interested in Single home, Commercial, and anything else that will make her money and is below market value! It seems like its finally starting to come together.

I asked her how soon she could close, and she told me that she pays in cash, has plenty of it, and if she likes the numbers, she would close ASAP! She stated, "all i ask is that you take care of us, and we will take care of you more than you can imagine".!!

Now all i need to do is search, search and search some more for properties that would meet her specifications! Any comments?? Words of encouragement??? I would be greatly appreciate them!!

Thanks everyone! Feels like a dream thats starting to come true!

Cory

I have extremely bad credit thanks to someone from my past. The economy is tough right now as we all know, cost of living to pay scale ratio makes it hard. With bad credit and no savings to speak of, how would someone do in this type of business? I mean it really sounds like a great idea but as with all infomercial/internet I'm nervous that I'll be spending money on the tools needed to get started only to find that it doesn't work and then I've lost money that I didn't really have to spend in the first place.

I came across this property for 199k that is on a doublelot and could be subdivided, If I can subdivide this I think it would be a good deal but I'm not sure how to go about this. I'm thinking on puchasing to rent then selling the other lot does this seem wise. Any advise would be greatly appreciated.

Hello everyone I am very happy to come across this forum that is filled with information that I was seeking answers to. I purchase Dean's package about two months ago and on the firts day I received it I finished reading three steps. It was very encouraging and got up very excited and positive about the entire situation until I mentioned it to my brother and husband and they both were very negative, do to that I stopped but I am back on track and will not let that get me down I will show them that I can do it and will do it! Well, today I went to see a very nice, cozy property that is a short sale for $180,000 the bank has already approved the short sale so I guess that is a good thing, but the problem is that like most of you the lender is asking for a 3% down which is $6,000 and to put and offer and we are ready to go but unfortunately I don't have the 6K. What can I do in this circumstances. The house looks good to put it up for rent, easily the mortgage payments will come out to 1,200 (tax & ins included) and I can rent it for about the same or make a bit profit per month until I can sell it and make huge profits. Does someone has any advice on this, remember this is my first time so I want to do what is best.
Thank you all,

Hi my name is Julio I am 18 years old and i have recently bought deans book and found it Very interesting and i was wondering how i get a loan from the bsnk or anywhere i can get a loan when i have no credit score.

Hi, my name is Kevin. I am a full time student at the University of Central Florida. I don't have a job. I don't have credit. And before Dean's book, I knew nothing about real estate.

--- BUT ---
After reading Dean's book, i feel fully prepared to go find a house that is a gold mine, talk to a banker, ask for a loan, repair the house, rent it out to good tenants, and sell it during the up market (god knows when) for a huge profit. Now when i say huge, i mean huge.

MY AREA:
I live in a beautiful town with a butt load of money. Normal family house's around here are purchased for now lower than 300,000.

My Background:
Luckily, I was born with a great family that are financially set. My mother, a full time pharmacist at a hospital. My father, a retired periodontist.

My Plan:
After talking with my father, he has decided that i know enough for him to back me up 150% on any move I make. With that relieved, I was quickly on the prowl. I first purchased a free trial of a foreclosure finder online. I found a list of foreclosures around my beautiful town. The next day my girlfriend, father, and I went around looking at which house would be "The House." We found a bad house in a great neighborhood, that much of my friends from high school lived in. The asking price was ONLY $120,000! Like I said earlier, the houses when the market is up around this area, would no way on earth be sold for that low. Now, with it being an REO (the bank realotr's are dealing with me), and it being on the market since November, I BELIEVE I could persuade to purchase the house for a low payment of 100,000 after listing the number of negatives with the house. Now with the help of my father, the next step would talk to the bank for a 103-107% financing, assuming they are still lending those out and they like my father's 760 credit score. After purchasing the house I believe it'll be smooth sailing for fixing up the house with the extra money from the financing and using a handyman, and renting it for positive cash flow while I'm studying my butt off in college 3 hours away.

My Question:
Are their any suggestions involving the house, my father, the loan, ANYTHING that could make this plan a reality. Please comment fast, because like I said, I'm on the move and not afraid to fail.

I am a newbie at this and have a couple of questions.

First, I live in a house that the home owner has let get to preforeclosure. I've lived in the home for 3 years and do not want to move. I want to purchase the home through a short sale, but have no idea where or how to start.

HELP!

ok I had a question....

If I research and find a good agent to aid me in the process of finding good deals for the IEE process(now remember I'm not the seller or buyer at the moment). Now once he finds the particular deal for me, and I lock it up...do I have to pay them for just doing this? Or Do he/she get a commission if they find a buyer(investor) for me? Would they charge me for commission on the (selling price) or my profit, once the check been issued? Im confused on what should happen! But I know the agent have to get paid regardless, right?

What is a back to back closing?

Esentially, how does the process go?

Hi everyone, i have purchase the book, however i have not received it yet. I am anxious for it's arrival. I have seen a couple of properties, and on the paper that is on the door there are names and phone numbers of the people i guess who are handling the property, is there anything i can do until i get my book to get started faster?

I would love to beging my real estate career by purchasing foreclosures and other distressed properties (There are many in our area). Unfortunately, I have no money to get started. How do I advertised and search for hardmoney lenders; and how do I look for people to purchase a property that I lock up at a reduced price?

Bob

i was just curious about the type of software anyone is for property management.

thanks

Here are some Hard money resources. Hope they help.

http://www.ibank.com/small_business_loans/hard_money_loan.cfm?gclid=CN3L...

http://www.lenderlab.com/

http://www.avatarfinancial.com/

http://www.cavrealty.com/

www.tallbridge.com

www.remingtonfg.com

www.quickloan2u.net

www.prosourceloans.com

www.hardmoneycorp.com

Hi

I am new and just signed up with the program a few weeks ago. I have been working on my website... and didn't know if you had any suggestions for sites I can reference to look at when creating my website? That way i can make sure I am capturing all of the necessary information on my website. (i thought it would be helpful to reach out to experienced folks for feedback)

Thanks in advance

What are the steps for matching the properties with a person that wants
to purchase, and I am paid a finders fee. I would like to start out this way first. What is the first thing I need to do?

plenty

I wanted to know if the assignment clause was already listed on the Purchase and Sale Agreement, or is this something that I would have to right up on my own?

The assignment clause is something you have to add yourself.

Here are the contingencies that I added to my contract.

CONTINGENCIES: 1) Offer is contingent upon suitable home inspection. 2) Purchase contingent upon ability to re-assign this purchase contract to another buyer without penalty.3) Purchase contingent upon partner’s approval.

Hope this helps!!

Hello,
i have read some of Deans book and it sounds real interesting, and i have become a member now and i want to know how to get started?

Hello Sully,
i'm trying to get started here i'm just stuck with just been a memeber i dont know where to start.

Go to top users on dean's home page and find the topics that those users participated in and you will find every anwser that you need.alot of reading but it will slowly all make since and comes together.

Go to top users on dean's home page and find the topics that those users participated in and you will find every anwser that you need.alot of reading but it will slowly all make since and comes together.

Can you tell me how u got started?

What about funding for long term. Does anyone know how to get alternative funding for hold-and-rent properties? With my credit I'll NEVER qualify at a bank.

Stephen

I am new to the site and have just about completed Dean's book "be a real estate millionaire" I have contacted my states county superior court and will be picking up a listing of pre-foreclosure and foreclosure listings (docket numbers, limit name, etc) and am told that I can access the state gov website to check on these dockets (where they are in the process). I also contacted my town clerks office to see if I can get a listing of properties that have overdue taxes and which ones will be going to tax attornerys. Are foreclosure websites a good source of info, or would I just be duplicating my steps?

Hi Anita,

I just joined Dean Graziosi's Academy today and just started to read his book as well. I'm curious to know what can I do to get started? What would you recommend a newbie like myself do?