NEED BUYERS ??!!!!

won't this require a POF letter or maybe seasoning...i may be wrong, but i'm just trying to get it right. If so, were can i get a free POF letter.

what about seasoning or POF letter, i could be wrong but only trying to learn. If a POF letter is needed where can you get one for free.

I greatly appreciate all you have shared so far....very informative and to the point.

Thanks

I just started myself however I do have opportunities here in Vermont if your buyers are interested. Please let me know. Andrew

Isn't in the thread? I wrote it on the site. Check and let me know your finidings. Thanks.

Google it or if you want some CLIFS notes: http://coastal-funding.com/

use theirs.

Hey,

I don't think we met this weekend but my parnter and I have a ton of deals in upstate, ny. We are open to anything. If you have a buyers list we can pay you a fee if you have someone buy a home from us. If you want to partner with us then send me a pm.

Jeremy

tons of info once again, thanks alot to all,love the sound advice.

who was this addressed to? I'm in Orange County and Elix is in the city. I was not sure who this was intended to go to. Let me know thanks.

I'm new to the DG family and I must say that I am very impressed with how willing other members are to network.

Michael, good luck in school and I may be contacting you soon.

GoldBar Gary, good stuff! Thanks for sharing.

Everyone have a safe and happy holiday!

To our success!

I have been looking at adding a realtor to my team. I have spoke to five. They all have issues of different types in working with me. The issues are:

1. I am not established and have no track record.

2. They have sellers who want retail price and would never entertain a discount price, even if I were to pay cash.

3. They want earnest money in the amount of $500.00 or more per property, so if I am making multiple offers, thats alot of money to be tied up.

4. If I cannot prove I have purchased investment property in the past, then I am out of luck.

The main issue I have had is that the realtors only know 20% down and go get a loan for the balance. They do not understand investment real estate.

You need a realtor with investment property expertise, not so easy to find.

I received a list from my realtor of homes. A lot of them areold listings not removed yet. I ahve driven around a lot and found many homes. I would like yourview on finding homes if you could help. I've just started investing after attending the WDGE. Thanks in advace for any help you can give.

go back to the book and look at the whole chapter 3 read it and if it doesnt make sense reread it if that doesnt work go to craigslist and put an ad on there site ..IE home for sale rent to own. they will call you i promise you.

Great Job Gary. I love your post.
Thanks for an informative post.

By FAR, the most informative and helpful post on this website I've read YET! Thank you SO much for this information! After shaking like a leaf for the last three or four weeks since I first watched Dean's infomercial, I now feel like I have a clear and concise plan to follow that I can actually do! :)~ You're a gem

Sincerely!

Lisa

P.S. This in no way means that the rest of the hundreds and hundreds of posts I've read are chopped liver Thanks to everyone who posts on here so generously.

That was some really great advice and I wanted to thank you for taking the time to post it all. I'll be sending out the realtor emails soon.

Rick

call any realtor or certain ones

This is not in any way derogatory towards you, I just want you to understand a few points on why most realtors don't want to deal w newbies or 'indirect buyers'

This is no way my ill feelings towards investing because I do it too. But a few things are in my favor as i've done this many times over, i'm licensed, and I have access to several cash buyers. There is a realtor out there for all of you. Might just take longer to find.

Hello. What a wealth of information. I too was just thinking about how to create my buyer's list. I will follow the advice ASAP. (I didn't want to lose this thread/subscription.)

God bless all of you!

This is a good thread. We are enjoying the reading and will benefit from the information.

We're less than a month into this - bought the DG books on Sept. 9 and joined this site. But we have made some giant strides and are about to make our first offer. We're finding a lot, I mean a lot, of properties in Southern Illinois and the area just across the river from St. Louis, Missouri.

We will be digging hard at getting a real estate agent to work with. The information here will be a big help.

Jim and Alice
HomeStar2020

Gary and/or elixbrown,
When you say in your letter that you will give % to your agent, is that on top of their commission at closing or is this your offer to them if you pull them into a FSBO deal to help you out with it?
The reason I'm asking is because the agent I approached about working with me asked how will she get her commission and how will her company get their cut. This confused me and I had no idea what to say. Should I say that she would be acting as a consultant when I use her on my own deals & will receive a commission from me, and her commission would work her usual way with her company when she's the one who actully finds me properties?

The answer to this will clear up so many cobwebs in this process for me!
Please help,
Thank you

if the house is listed, up to 6% of the closing costs goes to the brokers who then divy up their split to the office and agent. For example, if I pull in a $20k commission, 10% or $2K, $1k from my cut and $1k from my brokers cut goes to the office while the $18k we split 50/50

another scenario is i've worked with FSBO's who didn't want their house listed but wanted me to sell it, which meant I had to get my fee from buyer. We predetermine it, and then either they do or don't buy

you the wholesaler are on your own when it concerns your fee with your investor. I as an agent do not pay not payout in any way. That is called a kickback and is illegal in every way.

Hope it helps

Gary,

I have been reading all of your blogs and you sound like the guy with all of the answers. My wife and I joined the success academy about two months ago. We have been moving a lot slower than I would like. I work nights and she works days and we have a 3 month old that keeps us pretty busy. We don't have any money because we have put it all towards joining the success academy. What is the best way to make a deal with no money down? "Bird Dogging"? We have just recently started trying to build our buyers lists with no such luck. We have posted ads on a bunch of different websites and haven't received one phone call yet. My wife and I are highly motivated but it seems like we aren't quite ready yet. She is becoming a skeptic until we see a deal and I do not want her to give up on this. Any help you could provide me would be greatly appreciated. Thank you.

Brennen and Krista

Do you still need properties?
I have short sales that do not always meet the criteria of the investors that I research for at the present.
PM me with any needs and info.

He didn t bump the commission to 15%, he offered a 15% cut of the profits instead of 3 - 6% of the sales price.

Try and put out some bandit signs

Handyman special!
OR
Buy My House 30% off

These Bandit signs work these will get your phone ringing, I would suggest you get another phone number or change your message on you existing so they will leave a message Then you could ask them to leave an email adress and or phone number so you could get back to them. This is were you get all their info go shopping find what their looking for, Then more bandit signs WE BUY HOUSES!! this really works.. Go Get Up!! We dont like it when our other half does not BELEIVE!!

GOOD LUCK

Jay C

Who are the brokers? I'm not sure who they represent. Are they with the agent & agent's office or are they with the title company that is doing the closing?

Thanks!

Any thoughts of finding an agent or anyone towards your 'team' now should cease.

I say this only because you asked me who are brokers and who they represent says to me that you need to re-read more and educate yourselves alot more before you go out there, burn yourselves out and/or waste the time of an agent or have none of them want to work with you.

This is by no means meant to be an insult to either of you, but a dose of reality that as of right now you are not in the position to try and go out and do REI. Educate yourselves, by reading asking questions on here or elsewhere and simply understanding the most basic fundamentals aspects of this business before you embark on this.

Honest advice

OMG, Lisa! Ditto! All I can say...this "newbie" didn't know she was
waiting for Mr.GoldBar but WHOA just what I needed to stop my head
from spinning with so much good INFO from Dean's books!

Much Success to us all!

Caps.

You said, "if the house is listed, up to 6% of the closing costs goes to the brokers who then divy up their split to the office and agent. For example, if I pull in a $20k commission, 10% or $2K, $1k from my cut and $1k from my brokers cut goes to the office while the $18k we split 50/50"

I understand why they are confused because your answer confuses me, too. It was my understanding that 3% goes to the seller's agent and 3% goes to the buyer's agent. That equals 6%. But, then you start talking about 10% and etc, thus making this confusing.

You also said, "Any thoughts of finding an agent or anyone towards your 'team' now should cease." What kind of advice is that?

You told them to "Educate yourselves, by reading asking questions on here..", but you didn't answer their question.

They are doing exactly what you say they should do (asking questions on here) and then you contradict yourself. No question is a bad question unless it's not asked!

I'm sorry, but I don't think people should be discouraging newbies just because they don't know everything yet. Instead of discouraging them and insulting them, why not just make things clearer for them?

No offense.