locking up a property

Please keep in mind - you are an investor! A realtor shows homes - you sell deals. When you are dealing with this particular seller - place one phrase in the contract that states - in the event of buyers non performance of this contract sellers only recourse against buyer is to keep earnest money deposited liquidated damage.

This will encourage you to negotiate an extremely low earnest money deposit! Also ensure that the contract is assignable if your exit strategy is to assign the deal to another investor. I hope that this information helps!

Good afternoon, hoping not crossing any bounderies here. I'm looking for some great advice. I love DG and all that is being being done here. I'm involved a great deal but haven't posted often. I've had sucess with one deal, did a lease option and made a few bucks as "middle man" with a buyer and seller. I don't have funds to do deals as of yet. Lost big time in the Real-Estate fall of 2007 - 2009. Anyway to my question, I've have bandit signs evrywhere and have shown a few homes to perpespective buyers to 4 sale by owners, no don't have under contract. I've gotten a lot calls from Realitors not happy and now the Board of Realitor's has called twice, and newly elected president called with displeasure saying if I don't stop doing what I'm doing, I may be sued. this newly elect is an agent I've worked with in the past, a nice person at local real-estate office. I've taken to heart the advice in Deans' books and used them to the fullest and are very greatful. I did have an 800 number and website but cancelled both due to lack of sales. Although very optimistic, very scared at the moment and have stopped all activities for timing being. Can I get into trouble if continue this activity.

... you're doing to get these people calling you. Ask them why they're not going after the other 100 wholesalers or investors in your market? Why have they chosen you? You're NOT representing anyone (buyers or sellers). A normal home owner could do the same thing with their own house - that's why there are FSBO's out there.

Thanks for you taking the time to reply to my situation. I do have a lot of signs throughout the city, haven't seem to many others. I live in Visalia, CA. good town with lots of potential. Agent's have complained "that I'm showing homes" that is what a realitor does. Natually times are tough, and they want every house out there to list and sell. I do have biz cards, have advertised in the newspaper, craigslist and always state I'm an investor not a Real-Estate agent. As you would expect I get many calls, some good some not so (great way to get your buyers list) as suggested through Deans books which I follow quite a bit. Theere are several wholesalers out there but I guess targeted because being agressive and advertsing a great deal. The reason doing this method is until can rebound and actually start buying and selling again one my own, natually would bring in Realitors, lenders etc. as suggestd though Dean's books building a team. In my previous invenstments before the market crash did everyone fairly and with the highest respect and honor. Just trying to rebound a get a good start. As mentioned did do one deal, so was off a running with high hopes and desire. Once again, thanks for any information provided.

This is a short sale. He owes more than the property is worth. About $79,000 minus any repairs needed is what the place will retail for. Get him in touch with a short sale specialist. Not just some realtor that says they di short sales!!

Michael Mangham
MD Home Acquisitions LLC

you crossed boundaries

You cannot reintroduce yourself in someone else's thread and then ask a question.

If you're showing homes that you have no vested interest in, you are actually committing fraud. If none of the homes you are showing does not have a contract on, I believe you can get fined.

But like thisbuyer said, there's got to be more to this story or the realtors in your town don't like you're trying to muscle in on their territory. Tread lightly because if you're working in a small area, you may get blackballed.

I've seen it happen. Quite often.

You can't show homes you don't have under contract yourself. That's your basic problem.

Hope that helps.

Rodney

as usual. You must have a vested interest (equitable or titlable) to be able to show these homes. Anything else will run against every state's real estate code.

bounderies and watch out where you step