OfflineHi, I just started real estate investing using deans strategies for doing assignment deals here in connecticut. I want to try Matt Larsons technique, the 25:1 formula but not quite sure how to pursue properties that are listed with other agents. Does anyone have any experience using this technique? If so could you explain how you do it when there is a listing agent involved? My question is, would an agent let you lock up a contract when you are not actually buying the property and not putting any money down and telling the agent that you are going to assign the property to another buyer with the promise that you will find one. Is this possible? Please can anyone help me?
Thanks, Ron Kaman
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I have done this, I did find me a agent to work with me. She did all the work and new on the front end what I was doing. Just don't forget to put and or assign on the contract. If you find a good agent they will know all the ends and outs. Hope this helps.
Randy
www.adeptpropertiesllc.com
I have experience talking with listing agents and some of them don't even understand what an Assignment is. Some don't want to deal with investors. Try getting your own REA let him talk to them. They speak the same business language unlike if you're not an agent. There are probably agents out there who deals derectly with REI but you need to find them. When I started with REI, I avoid dealing with preperties that are listed to an agent, but don't get me wrong a lot of DG members here might have dealt with them. I choose FSBO instead. Hope this helps. Blessings to all. LA
Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-
Hi Randy, thanks for responding, So your agent that works with you does all the communicating on the deals you are interested in, including the purchase and sales aggreement? And the listing agent will agree on a assignment deal upon you finding a buyer for the property? Am I getting that right
Ron
Brian, Thanks for your response, good to hear how other people are making REI work for them, gives others a chance to try different paths of investing.
Best of luck,
Ron
Hi Ron,
You will find a realtor that works for you. There called buyers agents. Explain how you want to do business. If there interested they will follow. If not you know who's on your team. Sometimes we have to teach people how we want this done. Once you get your first deal done it will become easier for you and the people around you. If you've come this far I know you will make it over the hump.
I'm also in Connecticut if you need help let me know
Adam
Weichert Realtor
203-994-0708
Yes, That is correct if you find a good agent.
Randy
www.adeptpropertiesllc.com
Hi Adam, thanks for your advice, good to know there are realtors like yourself that can give me some pointers, I really appreciate it. I'm in seymour ct. where in connecticut are you located? And thanks for offering your help.
Ron
Randy, thank you so much for your guidence I greatly appreciate it.
Ron
Hi Ron, I have found several really great real estate agents to work with by attending REIA meetings. The agents that show up at these meetings are more prone to be investor friendly and in many cases are investors themselves.
Tony
Tony