Ask Dean's Coaches a Question

So it doesn't get lost and forgotten, I really would like to know if ANYONE is interested?
Thank You!

We would LOVE IT!!!!!!! There are many out there that are looking for agents. As a matter of fact, I'm getting my RE license in my state. So I say give it a go....but how much will it cost in your state to be active? My state is abt 2,000.00 total per year...first year is what I'm concerned about.... the other years will be easier once you pick up sales. best wishes and stay blessed.

To Deb, I sold dirt for years as a Realtor. There are SO MANY variables to property that have to be resolved, researched and verified on paper. It takes professional developers months to get the info they need so a novice like yourself needs to be very careful. I would advise to either walk away from this and focus on other things that are easier to research with known variables and comparables or lock it up for as little as possible on an assignable contract with plenty of ways (contingencies) to get out and find a builder/developer to assign it to. Be prepared: vacant land WILL EAT UP A LOT OF TIME.... so the reward has to be worth it.
Best of luck,
Ken

I'm in Idaho and it seems to me that all the homes that are for sale, foreclosures etc... that someone has done the offering method we use to price these homes in my area because I'll do my research find the ARV then price to sell fast then start the method and the number I come up with is what they list I need help cant figure it out

This was verry good imfo im going to try this asap thank you

Cause I would REALLY like to know what the COACHES think, and anyone else who might read my post... For reference, here's the original...

HI... I have a question for you all, not just the coaches.

See, I'm one of the failures. I enrolled in the real estate academy, and gave it a sincere, all out, effort, and earned nothing. I did not have a single offer -out of 50+ before I ran out of money and time, - accepted. I haven't even been able to finish paying for the academy, as a matter of fact. There have been some other bumps in my road that have left me facing no other choice but to file bankruptcy and try to start over.

TO that end, I am back, and I am looking into scraping up my few pennies left and getting my California Real Estate Agents License.

Now here is my question.
Would any of you be even remotely interested in having a Real Estate salesperson who is more than willing to help you, won't tell you "That's illegal/impossible/can't be done," , has some familiarity with Dean's system and the 25/1 process, and wants to make honest and real money with you?

Yes, I am currently looking into taking the required classes for the California Real Estate salesperson test, and getting my license. I am recycling aluminum cans to get the money together for this, (donations happily accepted as well!) - and want to know that there is someone out there who would be interested in working with me.
I have heard so many stories of folks who went out to find a RE agent, only to have the REA's say "Can't be done, that's illegal" or some other balderdash, and I figure that it's a niche that needs to be filled.
So, thoughts?

Just a bump...

Thank you for posting some examples of No Money down tactics.

Simply because I don't want this disappearing.

Thank you so much for your time in this matter, I myself currently have no credit and no real collateral. Coming out of a relationship with my Will Power and Determination to Be Successful.

Sometimes this is what you need most: Will Power and Determination.

One of my favorite quotes is: "Empty pockets never held anyone back. Only empty heads and hearts can do that." ~Norman Vincent Peale

I have a background where I started with No Time, No Money and ... No Car (when I first started I literally called Realtors to convince them to pick me up to take me to houses). I know you can do a lot with Will Power and Determination.

Dean is a master of helping people find their "Why" reason for making a change in their lives. That is our greatest motivation. If we aren't seeing any change then we don't have a strong enough reason why.

I would suggest we do it again and again until we start seeing a change in ourselves. Then we now have a stong enough reason to make a change. We will be strong enough to take action with Deans training.

If you haven't done the 7 levels deep go to http://www.deangraziosi.com/emd/videm/7levels

We just went to one of Deans free events and we are taking the 3 day success class 8,9,10 in Kansas City this month and we are super excited.
We are doing this for our kids and grand-kids to have a better life (why) yes we want it also.
Question is "we want to buy you lunch what restaurant would you like to eat at in our town".
Think a little different.
WE ARE NOW REAL ESTATE INVESTORS and want the right people around us friends,mentors,coaches all people who think and want what we do.

You never know till you try

Aaron-n-Suzy

Hi

Can you tell me advice as to where I can find investors that purchase retail shopping centers and apartment complexes.

Thank you.

I made on offer on a 2/2 condo in South Florida (I have tenant buyers for this one already)which has been on the market for more than 90 days. Seller was interested in a Lease Purchase. Asking price was $190k FRV in todays market is $200k. The property is free and clear but seller got back taxes of 2011 and 2012 which sum up to $4044.73 including 0.25% of the lien certificate. Also seller leaves out of state and they haven't gotten an offer since the posted it on mls lol.

Here was my offer which I made on 10/17/2013-
Purchase Price- $250k (the market in that area has a 4-5% appreciation rate)
36 months with an option to buy
$2,100 monthly payment and fully credited towards the purchase price. ($2,100 is the low
Buyer is responsible for all repairs

The terms which I included in my offer:
1)Buyer is responsible for pay back taxes and other liens when contract starts.
2) COntract begins after 30 days of buyer searching for other outstanding liens which was not told to buyer unfront.
3) Contract can be terminated within 30 days

I have been following up with the listing agent weeks after weeks. Each time I call or text the listing agent she will tell me the seller is still outside of the country in Peru and seller is not good with computers.
So finally the seller came back from the country Peru and the listing told me the seller wants to send my offer contract to her attorney to review it.

This morning I follow up with the listing agent and she told me the seller is waiting to talk to her attorney and by Wednesday this week by latest the seller will have an answer for me.

Then, the listing agent told me the seller wants me see MY PROOF OF INCOME AND EMPLOYMENT?

I dont know what to do from this point. My intention was to get pof of $300k from www.besttransactionfunding.com but I wanted to seek an advise from my DG family before I take the next step.

I love facing challenges like this in real estate.

I would really appreciate any advice anyone could help me with on this deal.

Thanks
_______________
TC

Keep TAKING ACTION + gaining KNOWLEDGE = SUCCESS (Making Money)

"You gotta fake it to make it"- Unknown

"If it is important to you, you will find a way. If not, you'll find an excuse."- Karen Ellsworth

"Faith is taking the first step even when you don't see the whole staircase." - Martin Luther King, Jr.

"If you are not making offers on properties you can not make any money" - Success Coach
_________________________________________________________________________

Follow me on my road to riches http://www.deangraziosi.com/real-estate-forums/investing-journals/144538...

You want to buy me lunch in Kansas?

That is a nice gesture. To be honest I do not know when I will be in Kansas for some time.

However, you idea of surrounding yourself with other like minded people is very important. Richard Branson (owner of Virgin) totes this idea a lot and talks about a mentor to work with you. This idea can make all the difference some times.

You can find your general buyers through websites such as www . loop net . com. You may even find some through this site here.

Most, it seems, commercial buyers are found through wealthy people that do not want to spend time looking for real estate. Take a doctor for instance they work on being doctors not investing. If you can display a good opportunity to them they may take an investment such as this.

This may be a little late.
It sounds as though the seller is asking for more than normal. However, if you can display that you can purchase you should be fine. You should be able to present a proof of funds to the seller to appease them. You may also get a verification of deposit (there is often a charge for this). This would so that there is actually money in a bank account for a purchase of real estate. These can be obtained in from several companies or groups.

why there aren't more new investors posting on this thread! This is free advice from the Success Academy coaches!

What contracts(and why) do you need to do an assignment deal?

Aaron-n-Suzy

Hi Nstreet,
I am just starting and am very excited, although the plan I had intended to use seems to be blocked from all angles.
What I had hoped to do was use the 25/1 rule, and make offers on reo's. I just spoke to someone at a title company and she informed me that:
1. Banks will not allow assignment of contracts on REO's and Foreclosed properties.
2. There is a law that does not allow a person to sell an REO for 90 days.
3. They will not do a simultaneous close. (not that that would matter given the other laws or rules)

I am in Washington State, and am wondering if these are federal laws or state laws or title company policies.

I know they must have explained this in class, but I do not remember it, and wonder how I can apply the information in class to REO's. I feel at a loss. I have found some cash buyers, and am working on expanding my list. I need to know how to legally transfer the REO properties I find to my end buyers in a wholesale deal without having to hold the property for 90 days.

Someone suggested putting them in LLC's and then selling the LLC.
I am new to the site, and this is the first post I have made. I tried to search for this topic, but did not find a thread that seemed to fit, although I am sure there must be one. Sorry if it is redundant.

Elizabethaim

There is probably a good reason to this. This site offers large amounts of very useful information. It is easy to get the answers you want from a simple search. It may also seem easier to ask another client than a coach. It seems that often we are put on pedestals and that may create some level of fear.

To be honest we are just like everyone else. I put on pants like everyone. I swear on occasion and even one time I tried to use the middle finger on a passing driver. I placed my hand behind my wife in a loving way, with a side purpose: raising the middle finger. My wife found out and boy was I in trouble.

Ask away. We know the answers and we can help. We are nice and friendly.

In an assignment of contract there are really two agreements / contracts that you work with:

1) Real Estate Purchase Agreement
2) Assignment of Contract

The real estate purchase agreement is used to get a property under contract. This sets the price that the property will be purchased at. This gives you something to sell to another investor.

The assignment of contract agreement allows you to sell your rights in the purchase agreement to another individual or company.

The title company is partially correct.
Banks can do assignments of contract. They normally do not accepts offers that have "and/or assigns" on them. If the bank did accept the offer than you could do an assignment with them.

There are a few options for you:
1) A double closing
2) Create and sell an LLC
3) Create and sell a land trust

The law that they are talking about deals with FHA. Pretty much any government owned / controlled real estate mush wait 90 days before sale. However, there are a couple of items with this:

1) This deals primarily with government houses.
2) This only deals with homes sold for more than 20% than the purchase. You can sell a home within 90 days as long as the sale is not more than 20% of greater than the purchase.
3) If you sell to those that are not FHA or similar buyers there is not a problem.

What this means to you is that if you work with non-government houses and sell to people that are not FHA buyers you should have no problems.

If you deal with government houses sell for less than 20%, wait 90 days or use an LLC or Land Trust sale.

This is to bump the forum.

You have to ask questions... Why are they selling? if just to find a better area he isn't motivated he wants to sell. If they have to move for work, or financial difficulties have arose,that is a motivated seller...They "HAVE" to move.

Motivated sellers come are usually defined by the three D's: Death, Divorce, and Disaster.

This would create for you probate, estate, divorce, bankruptcy, and foreclosure property. These kind of properties are almost always "motivated".

You can get information about these properties from Realtors, your own marketing or professionals in the field of the need, for example Probate Lawyer to find probate properties.

BUMP

Hey my name is Fred and I'am a new investor. I wanted to know if someone could help me out by giving me some info on how I could calculate repair cost before a make an offer on a house.

SINCE I HAVE THE OPPORTUNITY TO ASK A QUESTION, I AM LOOKING FORWARD TO THE ANSWER. MY QUESTION HAS TO DO WITH WHOLESALING.

WHERE IS THE BEST PLACE TO FIND CASH BUYERS?

I HAVE SIGNED UP WITH SEVERAL WEBSITES THE PROMISE TO PROVIDE YOU CASH BUYERS FOR A FEE. I AM TIRED OF THAT, BUT IF I COULD GET SOME ADVISE ON WHICH WEBSITE OR THE BEST PLACE TO FIND CASH BUYERS, I WOULD BE HAPPY.