I MADE 66 OFFERS THIS WEEK- FIRED UP

Where did you get the list of homes that you decided to offer on?....were they just forclosures in your area? Then....did you just write up 66 offers? How many per day? Did you use an Agent to present them or did you present them yourself?

Thanks

You are an inspiration to the rest of us!

I read that you made the offers through your agent. What kind of an agreement/deal do you have with your agent? I'm planning to look for an agent. I wanted to know what kind of an offer would make them to work with you.

Build Assets,
One question that you have not answered is how you submitted these offers without a Preapproval or Proof of Funds letter. NO Banks out here will accept an offer without the PreApproval or Proof of funds.

Let us in on how you did this and what company you used.....

I realize that you are getting hit with all these questions (Mr. Popular , but I see you are doing double closings for all these deals. I suppose you found and escrow/title co to do these transactions. I THINK I found one but am having my atty contact theirs to make sure that the people I spoke with know what they are doing.

How did you research to make sure that this company does perform double cloisngs? And per above, did you have to show proof of cash to lock up these props or did you only have to put down the earnest money? What escape clauses did you use in case you you can't find end buyers in the time prescribed in the contracts?

We are all trying to learn from each other and thank so much for sharing.

Regards,

Neil

Wow, That's amazing! You have us all waiting for the results. Please keep us posted. I have a few questions.

I thought you couldn't do an assignment of contract on foreclosures, b/c of the banks/won't accept them. Are they pre-foreclosures? Maybe I'm wrong?

Also, the earnest money. I too thought that you had to have earnest money when you make the offer? Is the earnest money only if they accept the bid?

Thanks for your help, I have much to learn.

deb

I am seeing lots of questions here that I have already answered. Please read from the beginning of this topic and you will find the answer to your question. I appreciate all the encouragement. I urge you all to make offers. The more offers you make, the more opportunities you will have.

Way to go Jason! Where did you find the time for 66! That's a lot in one week. LOL! I'm sure a few will get accepted. Did you find them through a Realtor? Keep us posted on the outcome, we're all routing for you!!!

God bless you,

Hi Jason,

I also sent you a PM but thought I would post a thread so everyone can see this as well. You say you are doing double closings for the propeties that you are locking up. Aren't the banks using their own escrow cos and therefore might give you trouble as far as the double close?

Look forward to your response.

Neil

Nice one!
I bought 8 houses in 6 years. You do 66 offers in a week!!! I feel like I have lost 6 years. Should have had you as my mentor

Question:
How long did it take you to come up with your buyers list?

It took me about a month to come up with a buyers list. I joined my local Real Estate investing club and met many investors there and built my list and I also ran ads in the newspaper to build my list as well. Have you read Deans new book? It explains how to build a buyers list.

Hi Jason:
Thanks for the reply. I am still waiting for the book, I am just getting a head start:-) Trying to grab as much info from the knowledge of others as I can, so to speak...
BTW! Good luck!

how did you do with these 6 deals? What were the numbers?
thanks

Jason for your ernest money,you might consider using Hard money or Tranactional Funding to do your deal that get excepted.

Good Luck & Good Investing

whurndon

I want an Update!! What's new Jason?

I was dissappointed that I only made $16K from those deals, but it gave me so much confidence in myself. I had hoped to make over $25K, but some of my buyers wanted a 3 bedroom instead of a 2 bedroom. So this was a learning experience to stay away from 2 bedroom homes. Also stay away from low ceilings and busy streets. Some of the homes were on busy streets and had low ceilings.

I am very confident and I have done this by what I been taught from Deans site and will continue making lots of offers each month and I just been learning about the option contract where you only put $10 down and it's a win/win because the seller is happy and I am using less earnest money now for my deals.

That is great Jason!

16K is much better than what i have! Now you have a great amount of confidence to look for those 3 br, 2 bth homes and assign it for a profit.

Are you going to try to assign pre-foreclosure's to your buyers or just work on the REO's and HUD's?

i just read through this thread and I want to say that although you didn't make as much as you had anticipated, you have to expect that this'll be the case with any new endeavor. You did an awesome job in pushing through the process and definitely got some good experience (and cash) under your belt.

Would you mind telling us more about this "option contract where you only put $10 down" ?
I've never heard of it and it seems like a good way around paying too much earnest money.

Thanks for all the motivation and good luck!

Hey Jason,

Now that was an awesome thread to read thru. Despite your learning curve and not making as much as you had hoped, fact of the matter is that you did it. Which is a lot more than most out there! And, at the same time, you inspired so many my man!

I checked out your website too and it looks terrific. If you don't mind me asking, who did you go thru and what kinda costs are we talking about? It really comes off very professional and seems to cover just about everything. Even the free "digital book" is way cool! It also comes off really polished and gives the impression you are one hell of an investor / expert.... Which you have proven you are, but you know what I mean! lol

Anyhow, keep us all updated on the future deals so we can follow along once again. This one was great! I'm hoping sometime soon, I'll have an incredible story I can share with and inspire everyone with. Maybe, with a little luck, I'll make the front page!! Hey, it's something to strive for!

Take care buddy....

Very nicely done Jason.
I've picked-up some very valuable info. on this Golden thread.

Thanx,
Rod

I appreciate your compliments on my site and I will keep you updated on future deals.

You can email me and I can provide you with the webiste info.

I appreciate your compliments on my site and I will keep you updated on future deals.

You can email me and I can provide you with the webiste info.

Mr. Build assets

Gooood Going friend...The fire is ablaze!!!
Q- Does it speed-up the process by submitting our own 1 page offer as opposed to the REA's typical 8 pager???

Thanx for any info. anyone may offer!!

____________________________________________

If you want what you've never had, you've got to do what you've never done!

You go boy!

Peace and Blessings,

I didnt think of the I BUY HOUSES people as being potential buyers.. I was looking at them moreso as competition.. I will keep them in mind as buyers now.. Good info..

Great Job would love to hear how everything turned out

Sounds great which book are you reading from dean and how did you know how much to sell your house for that you got 50% below fmv...did you have a realtor?

Great Job,

Call me slow but do you put a deposit on you offer

Wow, wish you lived here in Ohio akron. I'm can handle 3 or 4 a day. Keep up the good work

I made these offers last year in 3/09. I don't need to make as many offers now, since I get most of my leads now from brokers.

Thats great that you were successful on your first mass attempt to make money, there aren't that many people that will have had the patience to make it happen. You are a true inspiration to many. I might have to look into making that many offers to see what can pan out of it.

Great tip!