First, choose a location. You will probably want to start with an area near where you live.
Second, find buyers/investors who will want to purchase properties at a discount.
Third, find out what you buyers really want, get details.
Fourth, find an investor friendly real estate agent, let her know the properties you want to find basked on what your buyers want.
Fifth, review the details of the properties your agent presents to you.
Sixth, narrow them down to a few.
Seventh, have your agent give you comps on those properties.
Eight, calculate the offer price.
Ninth, have your agent make the offers.
Tenth, introduce our buyers to the properties that are accepted.
Eleventh, assign your interests in the properties to your buyer.
Twelfth, either you or your agent takes a copy of the assignment contract to the closing agent so they know that our buyer is now the buyer of record and to collect the assignment fee from the buyer to pay you at closing.
I agree with jmcquarrie, a rather smart coach. Follow those steps and you will do just fine.
I suggest that you start building your power team close to where you live and look for buyers and properties close to you. However, if you just don't think you can make the program work in your own neighborhood, don't be discourage, start looking in other areas.
I have several students who live in Hawaii who tell me that they just can't do real estate there. One is doing their business in Illinois and the other in Georgia. They found agents in those areas and are looking at properties, but first the put out ads and found some buyers.
I'll repeat... read the books you ordered cover to cover and then read them again until you understand what you're reading. Get on these forums everyday. You will learn a boat load of information without even asking!! Also, both coaches gave some great advice.
Personally, I have run ads in Craigs List for buyers and sellers. I'm also getting leads from classifieds (for sale and for rent) and ridebys. I don't make special trips to ride around and look for FSBO signs (gas is too high), but sometimes I go a different route and I ALWAYS see FSBO signs. I write down the number and call them when I get home. I fill out a lead sheet with all their information about the house. Then I tell them I will run some numbers and get back with them. I go to the county website and try to find out all I can about the property... tax accessed value, sales information, whether they are the actual owners, etc. I then go to totalviewrealestate.com and type in the address. This is just a guideline to use for FMV. To get better comps, you need a real estate agent to run those for you. So once you have the comps, you know the FMV. From there, you use one of the formulas for calculating offers as Dean shows in all his books and if you think you have a deal.... Make an offer!! Don't think about it. Don't sleep on it. Don't over analyze it. Take it from me... you won't make any money if you don't take action. I have just recently started taking action... I mean seriously and I have about 10 or 12 leads I'm working on right now... all FSBO. I hope soon I'll be announcing my deals that closed!!! And you will too. Just don't stop moving forward!!
Shirley
__________________
Everything works out in the end. If it hasn't worked out, it's not the end.
You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer
That's the advice I need great great advice... I mean you have me sites and how to s ...thanks to all for the help..now I feel 99.999999 % better educated....I love straight to the point discussions that really help.
LOOK FOR AND REI CLUB IN YOUR TOWN OR CITY MEET UP
FIND OUT WHAT OTHER INVESTORS ARE BUYING/LOOKING FOR
GET REFERRALS ON AGENTS,MORGAGE BROKERS,TITLE AGENTS ETC
DRIVE FOR DOLLARS WRITE DOWN FSBO/FOR RENT ADDRESS AND #'S
TYPE OF HOME 2BR 2BA ,3BR 2BA $100.000 OR LESS
CONTINUE READING DEANS BOOKS,SUCCESS STORIES AND TAKE ACTION
Do what the 2 coaches mentioned, and Shirley gave great advise. Shirley has come along ways in the past couple of months, so just like she said, take action, ot noting will change.
Wow great job on doing what you're doing. I just finished reading your post and I think awesome! You have alot of leads you're working on at the moment and your first deal is probably right around the corner.
Great technique for finding FMV by the way. I made the mistake of letting this house slip right before my fingers a few days back. I made an offer on a house and made it pretty low (it was already low asking price) because I thought repairs was more than it needed. The ARV I totally underestimated it and few days go by I find out one of my cash buyers got the house on contract today. Huge potential I just didn't see it. Oh well lesson learned and he actually asked me if I could find him a buyer, so it might still be a win for me also. Plan on blasting to my buyers list soon as I get home.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
What do you recommend I try if I want to wholesale properties...
Where how to find and make deals thanks in advance
To add, Here's a link you can look at:
Wholesaling Basics 101 by Elena
(Remove the spaces first .. my post is not posting ... maybe it is getting filtered out, this is my fourth attempt at replying to your post ) .. so if someday my posts actually post, I'm not trying to spam your thread.
Offline
First, choose a location. You will probably want to start with an area near where you live.
Second, find buyers/investors who will want to purchase properties at a discount.
Third, find out what you buyers really want, get details.
Fourth, find an investor friendly real estate agent, let her know the properties you want to find basked on what your buyers want.
Fifth, review the details of the properties your agent presents to you.
Sixth, narrow them down to a few.
Seventh, have your agent give you comps on those properties.
Eight, calculate the offer price.
Ninth, have your agent make the offers.
Tenth, introduce our buyers to the properties that are accepted.
Eleventh, assign your interests in the properties to your buyer.
Twelfth, either you or your agent takes a copy of the assignment contract to the closing agent so they know that our buyer is now the buyer of record and to collect the assignment fee from the buyer to pay you at closing.
I agree with jmcquarrie, a rather smart coach. Follow those steps and you will do just fine.
I suggest that you start building your power team close to where you live and look for buyers and properties close to you. However, if you just don't think you can make the program work in your own neighborhood, don't be discourage, start looking in other areas.
I have several students who live in Hawaii who tell me that they just can't do real estate there. One is doing their business in Illinois and the other in Georgia. They found agents in those areas and are looking at properties, but first the put out ads and found some buyers.
Good luck.
I'll repeat... read the books you ordered cover to cover and then read them again until you understand what you're reading. Get on these forums everyday. You will learn a boat load of information without even asking!! Also, both coaches gave some great advice.
Personally, I have run ads in Craigs List for buyers and sellers. I'm also getting leads from classifieds (for sale and for rent) and ridebys. I don't make special trips to ride around and look for FSBO signs (gas is too high), but sometimes I go a different route and I ALWAYS see FSBO signs. I write down the number and call them when I get home. I fill out a lead sheet with all their information about the house. Then I tell them I will run some numbers and get back with them. I go to the county website and try to find out all I can about the property... tax accessed value, sales information, whether they are the actual owners, etc. I then go to totalviewrealestate.com and type in the address. This is just a guideline to use for FMV. To get better comps, you need a real estate agent to run those for you. So once you have the comps, you know the FMV. From there, you use one of the formulas for calculating offers as Dean shows in all his books and if you think you have a deal.... Make an offer!! Don't think about it. Don't sleep on it. Don't over analyze it. Take it from me... you won't make any money if you don't take action. I have just recently started taking action... I mean seriously and I have about 10 or 12 leads I'm working on right now... all FSBO. I hope soon I'll be announcing my deals that closed!!! And you will too. Just don't stop moving forward!!
Shirley
Everything works out in the end. If it hasn't worked out, it's not the end.
You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer
It is what it is 'til you change it.
That's the advice I need great great advice... I mean you have me sites and how to s ...thanks to all for the help..now I feel 99.999999 % better educated....I love straight to the point discussions that really help.
LOOK FOR AND REI CLUB IN YOUR TOWN OR CITY MEET UP
FIND OUT WHAT OTHER INVESTORS ARE BUYING/LOOKING FOR
GET REFERRALS ON AGENTS,MORGAGE BROKERS,TITLE AGENTS ETC
DRIVE FOR DOLLARS WRITE DOWN FSBO/FOR RENT ADDRESS AND #'S
TYPE OF HOME 2BR 2BA ,3BR 2BA $100.000 OR LESS
CONTINUE READING DEANS BOOKS,SUCCESS STORIES AND TAKE ACTION
Do what the 2 coaches mentioned, and Shirley gave great advise. Shirley has come along ways in the past couple of months, so just like she said, take action, ot noting will change.
Curtis Fillers
(Charlotte,NC)
Wow great job on doing what you're doing. I just finished reading your post and I think awesome! You have alot of leads you're working on at the moment and your first deal is probably right around the corner.
Great technique for finding FMV by the way. I made the mistake of letting this house slip right before my fingers a few days back. I made an offer on a house and made it pretty low (it was already low asking price) because I thought repairs was more than it needed. The ARV I totally underestimated it and few days go by I find out one of my cash buyers got the house on contract today. Huge potential I just didn't see it. Oh well lesson learned and he actually asked me if I could find him a buyer, so it might still be a win for me also. Plan on blasting to my buyers list soon as I get home.
Good luck to you
"You deserve to be successful"
Gabriel Do Carmo
www.gdc.usapropertywholesale.com
Looking Good Brett
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
30 Days to RE cash!
Click Here To Buy Deans New Book!!! http://www.lanemccaw.bookimentioned.com/b/
Visit my website:http://qchomebuyers.weebly.com/
Visit My Facebook Page: http://www.facebook.com/#!/qchomebuyer
Visit My Linkedin Page: http://www.linkedin.com/pub/the-1-fast-ca-h-home-buyer-in-the-qc/28/b79/...
"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
Where how to find and make deals thanks in advance
To add, Here's a link you can look at:
Wholesaling Basics 101 by Elena
http://www.deangraziosi.com/node/5585
Happy Investing!
Cris
Where how to find and make deals thanks in advance
To add, Here's a link you can look at:
Wholesaling Basics 101 by Elena
http://www.deangraziosi.com/node/5585
Happy Investing!
Cris
Where how to find and make deals thanks in advance
To add, Here's a link you can look at:
Wholesaling Basics 101 by Elena
http://www.deangraziosi.com/node/5585
Happy Investing!
Cris
Where how to find and make deals thanks in advance
To add, Here's a link you can look at:
Wholesaling Basics 101 by Elena
(Remove the spaces first .. my post is not posting ... maybe it is getting filtered out, this is my fourth attempt at replying to your post
) .. so if someday my posts actually post, I'm not trying to spam your thread. 
http :// www . deangraziosi . com/node/5585
Happy Investing!
Cris
http://www.deangraziosi.com/real-estate-forums/everything-else/98369/dg-...
for more topics of interest, click my username then click the 'track' button.
Be sure to 'Bookmark' to find later in My bookmarks
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools