I've built a decent buyers list and I'm ready to start finding houses to assign. Bottom line - I'm not finding them. All the houses I'm coming across are priced too high to be able to give my wholesale buyers the built in equity they are looking for. How do I find houses with deep discounts? I know I'm suppose to find motivated sellers, but they are eluding me. Please help and thank you!!
Penny
__________________
Today is a new day.
I will not let it pass without acting in some way ...
To advance my Real Estate Investor goals and grow ...
So that I can change my life, and the lives of those I know.
In Jesus' name...
Get out and drive around and look for empty houses that are in need of repairs. Look for FSBO's and call them. When you find an empty house look it up on the Tax Assessors web site and find the owner.
"THE ARCHITECT OF YOUR DESTINY IS YOURSELF"
"SUCCESS WALKS HAND IN HAND WITH FAILURE"
Go to for sale by owners website www,forsalebyowner.com,type in your state or city,look through the list of motivated sellers.In the email question box,
tell them who you are and that you work with a group of investor buyers who buy houses fast.Leave your contact information,when you get a responce talk with them and see what they would sell for if you could find a buyer for them and close in 14 to 30 days.And go from there.
whurndon
you looking for your wholesale deals?
Another Way Is Too Find REI Clubs, And Look For Investors That Way.Also,Finding Motivated Sellers
Is Not Easy.The Truth Is You Won't Get Accepted
But That's Okay. Do You Lose Money No" Go On To
The Next Deal.Assignment Deals Are Illegal I
Would Be Careful You Could Go To Jail.Talk To
A Real Estate Attorney About The Laws On Assignment
Contracts.
Thanks Johnathan K White
Penny
be VERY CAREFUL what advice you do or don't listen to on here. Geez!
You got some good, solid advice on how to look for those deals in the first several responses above --- go with it and never give up!
Mike
"Make it an AWESOME day! (Who else is going to do it for you?)" - Mike Spillman
"As long as there is breath there is hope!" - Mike Spillman
Thanks for the help!
Today is a new day.
I will not let it pass without acting in some way ...
To advance my Real Estate Investor goals and grow ...
So that I can change my life, and the lives of those I know.
In Jesus' name...
Thanks for the great advice. It has been a bit of a struggle, but we will never give up.
Today is a new day.
I will not let it pass without acting in some way ...
To advance my Real Estate Investor goals and grow ...
So that I can change my life, and the lives of those I know.
In Jesus' name...
In the High Desert area of southern CA.
Today is a new day.
I will not let it pass without acting in some way ...
To advance my Real Estate Investor goals and grow ...
So that I can change my life, and the lives of those I know.
In Jesus' name...
First - welcome to the DG family! REI is an exciting journey, and this site is a great resource for support and information. Always remember to do your due diligence, and be a SMART investor. This is what Dean teaches us and as long as we follow it you WILL find the great deals you are looking for! You have received alot of good ideas above - keep being persistent! And by the way - assignments are NOT illegal.
www.adeptpropertiesllc.com
my story:
http://www.deangraziosi.com/node/10404
Thank you Laura! I so appreciate your positive feedback and great advice.
Penny
Today is a new day.
I will not let it pass without acting in some way ...
To advance my Real Estate Investor goals and grow ...
So that I can change my life, and the lives of those I know.
In Jesus' name...
In the High Desert area of southern CA.
Are you in Yucca Valley or Victorville area?
to just trying to find houses with deep discounts and massive amounts of equity
Look for cash flow properties as well. There are a ton of buyers who don't mind buying homes with relatively little equity, but are in nabes that command high rents and net cash flows
Kimmy, I'm in Victorville. Where are you?
Today is a new day.
I will not let it pass without acting in some way ...
To advance my Real Estate Investor goals and grow ...
So that I can change my life, and the lives of those I know.
In Jesus' name...
Rarely are good deals "found". They are created. You create a good deal by putting in a lower offer than they are asking. That's what I do month in and month out. Hope that helps.
Matt Larson
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
That was an excellent piece of advice Matt. Many thanks!
Penny
Today is a new day.
I will not let it pass without acting in some way ...
To advance my Real Estate Investor goals and grow ...
So that I can change my life, and the lives of those I know.
In Jesus' name...
So johnathan....what particular law or code does an assignment deal violate, or is your statement based on another he said/she said conversation you heard? Nevertheless, continue to think assignments are illegal and that will be one less tool in your tool box.