30 Days Quick Cash Formula

I am Looking for a partner in Georgia area.Wanna get this going...

Only serious need apply...

Continued success Dgers.

Daniel

Provs 24:10 If you faint in the day of adversity
your strength is small.

Your post is so ironic...

I'm a realtor and have a friend that's a pilot and going for his commercial license.
We were just talking the other day & I decided to that I wanted to become a flight attendant. My youngest is a Senior in college & thought this would be a great opportunity to travel. Being a Realtor you can pretty much maintain your business from anywhere if you have a team in place. I'll check out your blog.

I always wanted to become an Investor, so now I'm diving in full force. I need as much help as I can get. The main thing is overcoming the fear. I have had very challenging times.

failure is not an option!

You can use Wholesalers as part of your team. That is how Carol and I do it. I lock up a property and she sends it to her buyers. We have to split the profit, but we're both happy. If you work with wholesalers....make sure they have serious buyers first. If they don't then you'll be spinning your wheels.

Best of luck!

You stated:
(1) Landlord said it is bad timing, already been tried and done, not possible

Then you posted further down that you contacted this landlord.
Just a suggestion, let negative people go or you'll end up "training" them when your time could be used more productively.

Now that I think about it, flip the situation around. Oh? it's bad timing now? Maybe you'd like to get out of the business and sell your properties?

One person's trash is another's treasure.

Once again I'm so impressed with all of you...you're out there working the process. I'm so glad to see the power teams getting built and offers starting to go you....you're all rock stars and will have your own video with Dean by this time next year!!!!

I am also very new but have been following dean for some time and heard this subject from many different angles. basically you dont want to actually tell them you are building a buyers list(Although with the right agent it may not matter) If you put it as a research tool that you are looking to pinpoint what area you are going to target and want to see where others investors are active. I would probably sugest trying another agent . Im getting ready to call some now.

Hope ths helps

Steve

Hello Candice,

Ask the REA for a list of properties that has sold for cash in the last 90 days.
Internally you know you need it to build your buyers list. But you don't have to share that part of your strategy with the agent. Telling your agent you are using it to get the cash buyers info may make them NOT want to give it to you. In some states there is a disclaimer that say do not use this information for solicitation. So if the agent thinks he's giving you info that can get him or her in trouble later, they may not want to do it.

Having the list will not only let you build your cash buyers list but also tell you where they are investing and interested in buy. If you see a certain investor bought more than one house in a certain area, it's clear that if you find a great deal in that area he/she may snatch it up fast.

Good Luck,

De'Von

First of all I am Lookin forward to next monday!! I was curios though about finding REA . I am in Pennsylvania very small town .For this reason I am looking anywhere from 1 to 2 hours away. These are still small towns but much larger than where I am . So my question is can an agent help you in an entire state or are they limited by caertain countys. And if I decide to invest in another state which I know you all have done Do I need agent for each state

Hope your still online

thanks
Steve

Welcome Monique!

Mark and Karen just organized the info on this thread, so for sorting your Cash Sales list, go to the first post of this thread to find the categories we've been helping eachother with. But first, go into your email from RBBP and click on the 30 Days Quick Cash Formula---- follow it step by step, then look here for more help from the Team RBBP 2011! And, post your progress....

Good Luck!

Agents...An agent it licensed in a certain state, so you'll probably need another agent for a different state, unless they are licensed in multiple....but that is rate as there are costs involved.

I recommend have a different agent for each area of town. Agents often "Farm" an area....meaning they know what's hot in a certain area. As for Denver we have a realtor that works North Denver, South Denver and Aurora. So it doesn't hurt to have more than one working for you.

We've also gone through several agents. Often times they say exactly what you want them to and then after 30 days they get burnt out and aren't in it for the long haul. So it may take some time to build your time...and your team will evolve.

Keep making calls!

Another great way to narrow down where you are going to get an agent is to build your buyers list....find an agent in the area that your buyers want to buy.

example....If you have a buyer that wants 3beds/2 baths in the university area. Get an agent that "farms" the Univestity Area.

thanks for the explaination. Thats the strategy I was working on with where Im calling . Glad I was heading in the right direction .

Thanks again

Steve

Hey im on the 2nd page of the 30 days to quick cash formula. And I am in the process of ordering my business card, but i dont know what would be the best to put on them. Can anyone that already ordered theirs let me know what they put on their card. I dont know if i sould target Buyers or Sellers, Or If theres something that i can put on the card that targets both?

Hey Mark,
Good thought-- I did turn it around on him, but your spin is good too. I was going to let him go, but since I was looking for an agent and he was a landlord, I asked him if he wanted to buy!
You're right tho, I could've also asked him if he had inventory to sell!

Thanks--

Candice,
AS of today we have a Table of Contents thanks to Mark and Karen, and Michelle pasted it on the first post--- it should be very helpful.
You can review posts 26, 42, 121 and 205--- but yes you want a list of CASH SALES, you are not asking for the agent's proprietary list of buyers-- you have to get the names from your county assessor / treasurer websites.

Thank you!

loving the flip.

I spoke with a Real estate agent and we have build our relationship.
she told me she is the right person to help me. Yesterday i e-mail her to send me the list of the cash buyers on her return she send me the cash sales single family homes for the last 90 days.

how do i find the cash buyers? i did some reseach on our city on assessors data ,when i put the address of property i find bank names and the name od the peson who lost the house on forclose. why am i saying that most of houses i knew the owner, this is my hood. please help. I have the listing with me and what should i do now?

I am going to at lowes to buy the tomatoes sticks and some foam boards start working on y buyers list

Have read this amazing thread and am ready to jump in!

Just talked with my friend the REA and she is going to help me! She even tried to talk me into getting my RE license. Because I have RA I cant count on my health to cooperate everyday so I have tabled all full time demanding jobs.

This has really given me hope that I can contribute in a substantial way.

Thanks for all the info and encouragement! Love to all!!!!

Jennifer Evans

Here is what I did to start building my buyers list.
I started calling real estate offices and was asking receptionist to give me names and phone #'s of agents that work with investors. she did. I started calling them, obviously they were asking questions and I was asking them questions to determine if they would be a good fit for me. Some people were not but one realtor sounded good and I thought he would be a good fit. so I asked him over the phone that I'll need a list of the properties or transactions that were purchased with CASH in the last 90 days, since I told him that I'm a cash buyer and will be submitting cash offers that's why I need that list to evaluate the market and see what it's doing. He was absolutely cool with it. So I had a meeting with him but he didn't send me that list ontime, so i'll probably be looking for a new realtor, because I want somebody who would do what they say.

Once I got the list of the properties that were bought cash. I went to the county website and pulled up those properties and got the owners mailing address and I'm currently working on sending them letters and working on getting a new realtor.

Good Job artem.troy!

You're off to a great start fielding the questions and seeing the importance of follow thru. Let us know how your letters go--

Did you worry about getting business cards to include with your letters ? Just curious.

Hey Michelle--
Do you have your first call with your coach today (I can't recall)? I have been a Success Academy student for a month or so and I find the straightforward information in the RBBP to be a real boost for me, but at the same time I have the confidence that I can call the coaches anytime, and I have the PMI lessons which have outstanding deatil-- I LOVE both programs so much. Everything is in the RBBP to succeed and jump start quickly. It really is the blueprint to build our empires.
I know you said you wanted that one-on-one (me too) and it IS awesome. I just shared all my (and ours from this thread) progress with my coach and he guided me right through all the questions we've had so swiftly! I love it!!!

Back to work--

Oh, I've been meaning to put this out there...
If we all be mindful of the Subject Line, it will help keep up the table of contents (as Mark, Karen and Michelle have done so well), AND it will allow us (and other DG users) to search better on the site and find the thread topics as well.

Go Team RBBP 2011!

My first S.A. is today at 2:30pm CST w/Diana and I CANNOT WAIT (I'm excited, can you tell?)! I've got a very anxious cash buyer who is wanting a house in a specific area NOW and I've got questions up the ying-yang to ask to get this thing going! I don't know how I'm gonna find him exactly what he's looking for (other than scour the MLS listings) BUT I'M GONNA FIND IT!!!

What's to expect regarding this first appt?

Okay, I have a serious question. I have this cash buyer is looking for a home in a specific area who has actually been giving me addresses of houses he's interested in. When the buyer is giving me specific addresses, is my role changing from a "finder" to something else that may be illegal? Wouldn't this make me almost like an RE agent? What should I do in this scenario? I'm just trying to keep things legit

Hey Michelle,
Normally I believe we are supposed to do an initial homework assignment on PMI before the first call, but your call was scheduled so fast and you have been going through the RBBP, so here is how it will likely go:
-You will have a chance to quickly summarize your RBBP week (bam, bam, bam)
-She may ask you a little about your background in RE (again bam, bam, bam)
-Then she may give you an assignment, at which time you can ask if you can go through your "Today" position in RBBP, your need to find a deal match, and ask her your questions.
If you run out of time (the calls are about 25 minutes), you can ask for her to call you back at a certain time later, or you can place a call to the Adviser Line anytime during business hours.
I would say you should be able to get through your questions if you cut your background and your week in RBBP to a general summary. Remember she understands all of tis, so a brief outline or summary will give her the gist.
Then, I would suggest you go thru your list of questions:
- remove the ones that are not pertinent to your "today" needs for the moment
- remove any that might be "too worried about the details we should not worry about"
- hone in on the questions directly related to getting the deal done you have today

Hope that helps--
so excited!

Well, I opened the box 'RBBP' after it arrived yesterday.
WHOA!
I started on Day 1: Finding The Right Realtor...

I put an advertisement on Trulia.com just as it said to. This morning I had 25 replys from local Real Estate agents and Realtors. After examining their answers, I chose 11 that I liked the answers of and I will call them today to do the inteview just as the instructions have laid out so simply.

I hope to find a couple that I feel comfortable working with. Not going to re-invent the wheel... Just keep taking action IS the key!

Theo T.
CogniWorld-LV

I so wanted to get the RBBP, but funds just wouldn't allow it for me. I absolutely love reading this thread tho. As Newbie and a SA member I find much of what you are discussing here is the same issues I have been having.

One thing I did to qualify my realtor, was to explain what I meant by low ball offers. I have had several that felt good, until I gave them an offer to submit. Then they him-hawwed and waffled. To make sure we were on the same page about what a low ball offer said to her after she told me low balls were fine, " so if we walk thru a home listed for $177K and I decide to offer say, $45K or less, that works for you?"

Many realtors would have shown their true colors here (and have, lol), but I now have a good scrapper. She says I'm not in this business to make friends...I have found this example low ball very helpful. Hope it helps you all as well.

Excellent example, that should weed out a lot of wasted time.