Offlinesay you want to make an offer on a property through an agent via MLS Is the IEE TECHNIQUE Just for end buyers needing a loan to get financed and you can only do assignments with investors using all cash.....this is what I read the book, just want to confirm. thanks!
next question.......how much of deposit is giving to an agent when you want to make an offer on a property
__________________
I would make sure I was locating a property for a buyer...then use their money as the down payment. If you don't have a BUYER lined up...you really don't need to put the deposit money down until the contract has been accepted by the Seller. At that point you can use 100.00 if you want to but be sure you have an escape clause in case your deal doesn't go through in time of you finding a BUYER. That is why it is important to build your BUYERS list 1st.
Barbara
IEE was designed to find buyers having difficulty getting financing and line them up with a higher risk lender. Most of these lenders have gone away so use Assignment of Contract instead. There is a ton of info on this site to explain the steps to do a deal like this.
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