Ask Matt Larson A Question

Thank you very much, your help is greatly appreciated and helpfull. Regards Wayne

Matt did u get my msg i sent u on facebook about private funds on my NE property (farm)please let me know I can resend it via this portal if that is better. Thank u
Donna

Hi Donna, try the following link, it has a wealth 0f lending sources http://www.scotsmanguide.com/

Hi Matt,

Congratulations on all your success! I'm working hard to follow in your foot steps. I've only done 7 deals so far so have a long way to go. In this weeks conference call you mentioned how adding a web site address to one's bandit signs can sometimes double the response rate. Can you recommend where to go to get help with putting up a web site that isn't too costly to setup and maintain? Are there companies/sites that you know of that specialize in helping REIs setup their own web sites? Thanks for any assistance you can provide!

Tony

Tony try http://www.godaddy.com/hosting/website-builder.aspx?ci=8975 they appear to have a host of options

are you going to share you buyer's link with us?

Thanks George Matt is a busy boy
I appricate the link
Donna

No Problem

Just to let everyone know that i did get a response from a message i sent to Matt a couple of days ago about why he doesn't post anymore to this thread.
see below.

From: cbrpower
To: Laird Property
Subject: Re: Ask Matt Larson Question.
Date: Sat, 09/18/2010 - 07:28

Hi Martin. Sorry I can't keep up with that post. I used to spend several hours a day on the site to help Dean launch its popularity but now I just can't commit the time it takes. I can't even keep up with my private messages. As you can imagine there is no end in sight with questions. That is why I do the conference calls with Dean when he asks me to. Good luck!

Matt

______________________________________________________________________________

Laird Property wrote:
"Ask Matt Larson A Question Hi everyone! I wanted to start a post where anyone can ask me a question. I will do everything I can answer each and every question. I haven't been posting much lately but I can promise you I haven't stopped doing deals. I am making more money now than I ever have. You can do it too! Don't let hitting a roadblock stop you. Just ask me how to power through it!"

I know your busy Matt but is it possible for you to answer some of the questions being posted to your forum topic. We all would very much appreciate it if you could spend a little time on this

Love everything you have provided for us.
Regards
Martin Laird

__________________

Hi Matt,

I'm a little stuck on a point with RE Agents. If I am going to do Assignments, how does the RE Agent make her money? If my cash buyers already have an Agent, how will mine make her money? If I am going to get her to do a lot of work for me, I need to know why they will want to work with me? I've already had Agents ask me how they will make their money. I need the right thing to say so that they see that they will get their cut and work with me.

Thanks!

Hello Matt!

This is Matt! Matthew Dada from Houston,TX. though! Every time Dean refers to you I feel as if he speaking to me!! Ha Ha! I still have a little ways to go though! I have a few questions for you man regarding real estate agents.

1. IF I have a agent or agents putting out offers for me and I lock a property under contract for 30 or more days, is it illegal for me to then turn around and market it to my buyers? (I.E. buyers list, bandits signs, online site.)

2. How do I get around or is it possible to get around putting earnest money down to lock a property under contract to turn around and maybe assign it. If not what do you suggest I say to get the earnest money as low as possible?

3. Also is the requirement for proof of funds based on the agent I am dealing with or is it just something I will not be able to get around?

I HAVE A HUGE LIST OF PROPERTYS THAT WENT TO AUCTION AND NEVER SOLD AND I DONT KNOW WHO TO CONTACT AND ALSO IS IT POSSIBLE TO CREATE A BUYERS LIST FROM CRAIGS LIST OF IS THIS FISHED OUT I NEED TO KNOW I HAVE NO CREDIT NO JOB NO MONEY I ONLY HAVE MY WORD AND BUT LOAD OF PASSIONFO THIS BUSINESS

Yay!

I'm glad Matt has finally answered as to why he hasn’t been answering and new posters of questions won't be wasting their time in waiting for him to answer them personally.

Perhaps the admin of this site &/or the all of paid coaches should answer all of the unresponsive questions than shut down this this thread of postings completely & have them redirected to a forum where their questions will always be answered in a timely fashion. So people won’t be left hanging here.

Hi Rich,

As an investor I’m always interested in purchasing properties depending on where they are. Can you please PM your Auction List.

In regards to building your buyers list, I’m not sure about craigslist but here 3 links that you can use:-

http://www.deangraziosi.com/search/node#keys building a buyer's list
http://www.realwholesaling.com/we-buy-houses/10-tips-to-build-your-buyer...
http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

Many Thanx,
George

Matt,
What forms and contracts should a newbie get familiar with for makng offers where a agent isn't involved.
Thanks Matt,
awfox

The one I read about... I hope to be as successful as you and Dean one day... I am starting to build my buyers list because that is what i got from the books and the calls that it is important... Next step, is to go out there and lock something up?

(See Post #73 to work yourself back to here & you’ll see what I’m talking about)

The following is a PM from Matt Larson as of Sat, 09/18/2010-07:28, as to the reason why he hasn’t been posting since Tue, 06/30/2009 http://www.deangraziosi.com/real-estate-forums/everything-else/24089/ask...

Nevertheless Aw,

This link should get you going:-

http://www.deangraziosi.com/resources/real-estate-forms

Thanks very much George for the web site!

I have anoher question for any Real Estate agents who might be out there. It was also mentioned on the call that a great way to build a buyers list is to search the MLS for houses that were sold for cash in the last 90 days and compare the house address with the billing address and where different there is a good possibilty that the purchaser is an investor. Does anyone know how to do this search? I have three of the agents on my team trying to gather this information and so far they have been unable to come up with a good search method.

Tony

Matt, if I write the absentee owner and say. "Listen, many times I find more than one good deal at once. I only have the financing to do one deal at a time. By chance, if I find one that meets all my personal criteria, can I run the numbers past you", won't this absentee owner probably be shophisticated enough to immediately know this is code for assignment of contract?
thx
-Craig

Hi Matt, I appreciate you opening up this thread to all of us, thus giving us valuable information that others would rather keep to themselves. Your selfless effort to respond despite your very busy schedule is very much appreaciated and your persevarance is very inspiring,your story never fails to wake me up in times of rock bottom- as most of the time, I murmur to myself "Comeone you, matt had a worse situation and he got over it".....

I would like to acquire a property under trust in New York, do u have any idea how this works? Is this the best route for me to acquire a property when I want to avoid showing up a property listed in puclic record under my name? As it is , I live in a rent staboilized/controlled apartment in New York and do not want to lose my priviledges if landlord finds out about my property purchase. Can u recommend anyone who can help shed light into this matter?

The agents get paid their commisions thru the seller. But I don't recommend just working with agents. FSBO properties are actually much easier to assign. Chase the properties without a sign in the front yard. Bandit signs work best/cheapest.

The only 2 forms you need are on this site. Purchase agreement and an assignment of contract form are all you need if you are just assigning contracts.

You can market a property you have under contract but, like I always say, build your buyers list first so you don't have to worry about those problems. As far as the earnest money goes, you are the one that decides that. You do not put up any earnest money until the offer is accepted. Try to keep it low. Earnest money is a joke. I like to put out $1. If someone argues with me about it then I just tell them I will buy someone elses property then. Earnest money is a absolute, laughable, slap your knee joke. It meaningless when you have an inspection contigincy in your contract.

Craig why do you care if they think you are assigning? It does not matter. Have confidence in your self. This game is won with confidence.

Once you build your buyers list you start marketing to find deals. Use bandit signs. Put them in busy intersections. a lot of them. Then take every single phone call that comes in. Try not to miss any calls. If you must miss calls have a good strong greeting set up on your phone.

Have your agents call the 1-800 MLS helpline. They can help them figure it out.

You could use a trust I guess. These are the types of questions I ask my attorney and I recommend you do the same. It won't cost you anything to ask. Call a couple different attorny's if you want to get a second opinion.

I heard you say you were doing conferences all around on your last call with Dean. I am from Southern Wisconsin and would like to get to know you better. Any chance we could meet or maybe see you at a conference?
Thank,
Mike S

I bought the EDGE program and I saw you there. It was great to hear you say any time you need money you just have to do a flip. I've been trying to do Wholesales & flips for 5 years and I have yet to do a deal. I am an Acadamy Student but any advice I would very much so appreciate. Please advise how to get it as you have.
thanks,
Bob