how to attract a partner for abandoned and Reo properties

how to attract a partner for abandoned and Reo properties

Hello DG Family! I am finally trying to make this happen. I am very good at finding abandoned or REO properties in my target neighborhoods. The problem is how do I get these properties under contract with no money and bad credit? I have tried finding an investor to do joint ventures with but with no luck. These homes are very good prospects as far as being "ugly"homes in good neighborhoods with good school systems and close to shopping and transportation. I am not afraid to do the sweat equity part of it. What can I do to attract a good partner? Thanks for your help



First off, just keep doing what you are doing! If you are good at finding a great deal then money will always follow! You have a few options. You might want to find investors to assign these properties to and just collect a finders fee. That can put some quick cash in your pocket and which also helps you build report with investors to actually partner up on a deal with completely. Also look into how to form deals that are "subject to", "lease option" and/or a "sandwich leases". All these can be a great start for someone with little to no capital and unideal credit.

I've written a post titled a "quick way to build a buyers list" that may be able to help you out. But If you work on building a qualified buyers list just as you do finding good deals then you will be able to make money on almost every good deal you find in some sort of way wether it be you taking control of the property, or an assignment.


Please fill in your bio and let others know about you and where you are located. Tammy

__________________ website FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.

If you have a good deal...

Hi Brandon,
First, as Tammy suggested, you may want to fill out some information on your profile, so that other investors on this site can know a little about you, and where you're from, so that they can network with you.
There are many investors here that look for great deals, so I'm sure that if you have some, you will not have a problem finding a partner or a buyer.
To put a property under contract, you don't need any money or good credit. You make an offer to the seller, and if offer gets accepted, you sign docs, and give seller the earnest money, which can range from $10 to $1000, depending on the seller and how you negotiate it. The EM can come from your buyer, or your partner, or you can borrow it...
Once you have the property under contract, before you offer it to an investor, make sure you do your due diligence, and get your numbers, i.e. ARV, rehab list of items and cost, closing costs, etc....

Wishing you success,



“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss

"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown

My journal:

how to attract a partner for abandoned and reo properties

Thank-you for your input. I have followed your advice and filled out my bio and also read lifechitect's post. Thank-you for your advice.

how to attract a partner for abandoned and Reo properties

As a coach, I think one of the best things you could be doing at this time is learning to wholesale in order to make yourself some money. To do a double close or to assign a property you do not need to have a partner.

Take advantage of the coach's advisory line. this will keep you going down the right path. Keep active on this site. It will be a great help to rub shoulders with other students.

As you get some deals under your belt, you will then have the cash you need to do other deals.

I wish you the best of luck!


Roy Voeks
Official RE Coach


what is the difference between controlling the property and assigning? As far as I understand, in order to be able to assign the contract you have to get the property under contract, at this moment I am in control right?

question for roy

i found an abandoned home and tracked down the owner who just filed for bankruptcy. I was wondering if you could give me some suggestions on how to make a deal if a home is with an owner who filed bankruptcy. i was thinking of getting his payments up to date
taking over the house (in some way...that is what i am asking of you) then i was thinking i could put it on the market and i could split the deal with him.

He can do all the labor and i can maybe put up the money depending on the situation
(i have not had an official meeting with owner as of this date) hoping to har form him tomorrow.

Tell me pls what the ramifications are to work with a deal under bankruptcy and do i work with owner...the bank... his lawyer...who?????

Pls advise
ps i go by the name Cosmas in the DG family and i do not have anything written about myself in the blog as i do not believe in putting my business out there...i am not sure if we can send our emails out but if you know that we can pls send me your email or just answer me here.



Will stop the sale if on that particular properly the sale date hasn't passed.

Also, now the property would have to be released from the bankruptcy court to be dealt with.

So, has the sale date passed? Are the homeowners still owning?


Best Regards,
(Licensed Realtor-Military Vet-9/11Vet)
A self-directed realization for 2014 is to:
Live life as if always on vacation and have all the good health, time, & wealth to enjoy it.
Work, only when and IF desired. Helping others do the same. It Pay$ To Connect!
Always In Gratitude.....

owner took off

the owner took i guess the deal is off..i know who he is but do not know now where he is living. left messages on his door..but they are still there. i guess he is not coming back to his home????

We will see



1. find deal and lock it up

2. use rehab/wholesale tool link below, create summary and SHOW them how much they will make and basically how much of an idiot they will be for NOT taking the deal!

"Show me the Money!" is what your buyers need to see...EASY!


Mike Free tools

Syndicate content