30 Days Quick Cash Formula

Hi Everyone,

First I want to say thanks to Awaterloo for all your input!

This is my first post as I just purchased the Blueprint but havent received it yet. While I was searching all over the materials online I saw somewhere where it had a script for calling the real estate and talking to the agent. It also had a list of questions to ask.

Now I cant find it. Help!!!

Thanks
Matt

You already have access to the blueprint. Look for the email you got when you signed up. It is on the first page.

Charles

i have the names of 2 agents i called the first one and she is more than willing to help. i would like to make contact with the other one , is that ethical? i assume they will both sending me the same info.

jerhup

This is where I am right now. I have the list of properties, I went to the tax assessor's site and looked up the properties, but they don't show the address of the buyer. It just shows the situs address. Am I doing something wrong?
Please help!

Anyone out there doing DG program in Phoenix area?

Hey Alex,

It's refreshing to hear about the realtor mindset from a realtor!

This week I sent out about 50 e-mails stating what I needed for an agent. Even I was surprised at the low response. About 8!! I guess the 80/20 theory is correct!

I think I have found two agents in two different states.

Just getting the team together and it will be a win-win for all!

Thanks for all your sage wisdom and ideas for the new investor!

Peace,

Miss Julie

I havent got my RBBP yet not until monday But Im putting in my first offer and I want everything to go good So Im trying to make sure everything is right in the contract..Now this is where I need your help cuz Im worried that my Agent is going to mess it up.( Im changing Agents after this one is done)
What Kind Of Contingencies should I have so something goes wrong I can get out Risk Free..I have A cash Buyer She put down $1k for Escrow
Im looking at the contract right now What do I need to look at What Do I need

Alex,

I am meeting with an agent in my area tomorrow and will ask them for a list. I got a good feeling that it is the right fit.

I am so excited to begin!! Been studying, looking, and researching and it is now time!!!

Thanks for your advice!

Peace,

Miss Julie

it's driving me nuts today!! Hahaha, I have been flying all day. Just as a quick peak at what my day has been...(started in Dallas at 4am, flew Dallas-Milwaukee-Boston-Milwaukee-Kansas City. Waiting to catch a plane to Little Rock, AR and then drive to a town 2 hrs north of Little Rock, AR! All I have been thinking about all day is this thread and everybody here! It's a real!! You guys are family and miss you guys. Can't wait to read the thread updates like a good book before I go to bed!!!

Great Work!!
Alex

I purchased my RBBP and was wondering if there was anyone in MD who also purchased the program

I would love it if you could help me out with my first contract

Hi Everyone- Remember: Keep sharing it is valuable for all of us to keep in contact with like minded determined people.

If you haven't watched Alex's You Tube videos (AWATERLOO) take a few minutes and do so ...they are GREAT- Thank you for doing that Alex! Alex,cannot wait to meet you at The Edge 2012!

I was referred to an agent by a friend and have been working with him on the RBBP lists... then I checked- he is a KW agent! How about that! LOL He seems good, but I am not going to put all my eggs in one basket and I decided to follow what Dean says so I started calling other agents today in an adjacent county where I also want to look. Calling agents is a learning experience in and of itself! I ran into some interesting characters to say the least. Found one potential one but I will keep calling tomorrow.

In my area many of the Recorder of Deed and Tax Assessor sites charge a fee so starting out I am trying to concentrate on towns that don't do that. One town is $50 membership and $10/month for up to 100 searches, another charges by the minute (which is terrible if the internet slows down). It adds up. Anyone else running into that? (This is in PA)

If you have a tendency to jump ahead like I do, something I am doing is going back to the previous RBBP page and re-reading everything to MAKE SURE that I have done EVERYTHING EXACTLY like Dean stated. That is why I decided to start calling agents because I had "skipped" that step when I was thankfully referred to someone who seemed good.

Keep making progress every day! If you are having a rough day, remember that we are all cheering for you to cross the finish line with us!
Wendy

Here is how we break down the concerns of legality...

For a Bird Dog...Selling Information
- for this I call it a Marketing Fee and sometimes I actually use an Invoice for services rendered

For an Assignment...Selling a Contract
- I say, I'm selling my "Equitable Rights" to a contract. I'm just taking my piece of the equity in this deal, not a commission

For a Double Close...Selling a Home
- this is just the sale of a property (even if you only owned it for a minute)...this profit is a capital gain.

Hope that clears things up a bit!

Hi I am a little confused about how he explained the comps section on page 3.
1 -How does he know how much to add on for rehab?
2-His calculations seem to be if we were buying ourselves, but we are not we are passing it on to cash buyers.
3 - Is the $20 000 what we will make on it? If not then how do we work out how much we make out of the deal?
4 - He says "3% = buyers are asking the seller to pay closing costs. (In a Buyer's Market the buyer's usually get what they want)" I thought we were the buers or at least acting on behalf.
5 - If we did get the property for $53 300, what % of the market price/Actual Value did we get it off. Actual Value = $98,000 but thats just the average what about rehab costs?

Basically i am very confused, it would be better if he used examples of how to work out the offer and then how to offer it to our cash buyers.

If offer Gets accepted and my buyer wants it..Is There paper work That has to be filled out so I get my money at closing

Hey Is anyone one from Connecticut thats doing the 30 days quick chash formula? I would like to Network with anyone!!!
PM Me or just leave a post!!!

Hello Wendy,
What city are you in in PA?
Let me see if i can help you find a cheaper way to get it done.

De'Von

When running numbers for comps, are we supposed to use the Total Space (which includes basement which may or may not be finished) or the Livable Space?

My agent contacted me today and told me she couldn't send me the cash buyers list. I was bummed at first but then as I read on she said it was because there were over a thousand cash deals in the area in the last 90 days that fit my criteria
We narrowed the search even further and I'm waiting to hear back from her. I can't wait. It's the last thing I need before going on to page two

I've been dying to peek ahead but want to make sure I'm doing everything right.

Good Luck Everyone
Bob

Hi Everyone,

Just getting started (second day). I've been reading some of the posts regarding real estate agents asking for proof of funds. Sorting through the MLS listings provided by my agent, I'm finding that the "sellers" are asking for it. Putting myself in their shoes, I'd probably want the same if I'm agreeing to "lock up" my property with a buyer. Anyone have any thoughts on how to get around this? Companies like Coastal Funding and Insiders Cash appear to charge pretty hefty fees to provide proof of funds.

Thanks,
JM

Seven, here's an idea. Ask for the last 60 days, or even the last 30 days. That should narrow it down and it's better the more recent it is.

Rock Bottom BP --should you work with a realtor who is adament about seeing bank statements (i have prood of funds letter availabiity)and wanting to know your exit strategy. I'm a little nervouse i feel i need to work on a cash buyers list first. any suggestion

Hey, just be upfront with your realtor because you guys will be working together for a long time. If you keep holding back on what you're actually doing, it's difficult for your realtor to help you get your deals done. And it doesn't help with your confidence either.

I find myself working on finding deals, building cash buyers, and looking for the perfect team at the same time. But don't be afraid to make an offer (with contingencies of course) - until and unless you make an offer, no deal gets made. Whether you have a buyer in place to take it, that'll be another challenge. As cliche as this may sound, go as far as you can see, and when you get there you'll see further. Good luck!

I have the list of properties, but in Lane County (tax assessors site) they don't list the name of the cash buyer just the address.
Now that I have the address is there any way I can find the buyers name?

Hey Michelle,

This is how we take a look at it in Chicago...It may be different in other areas. The basement is usually not included in the square footage of the home. Some basements are finished which add tremendously to the living area of the home. This I think is actually a good thing.

1) It keeps all comps on the same playing field when not using the basement (just because you could have 2 identical homes and one with a finished basement and one with out). When you take a look at it, the price/sq ft would be skewed a little bit. Plus, if you had the same two homes next to each other and the sq/ft of the home was different because of the finished basement or not, you might tell yourself just from looking at the homes online "Well the house next door is way bigger than the one I am looking at so I am not going to use it." You may end up doing that accidentally even though the homes would be identical on the top floors.

2) Some towns/cities/governments might not allow you to consider rooms and especially bedrooms "legal rooms." So if you have 2 bedrooms in the top floor and 2 in the basement, the city might only recognize it as a 2 bedroom home because the other 2 bedrooms are "below grade."

3) Its ALWAYS a pleasent surprise for buyers to walk into a home that they think is 1200 sqft and when they go into the basement, they are WOW'd by a finished basement. Its an extra POW factor that will help sell your home. It will stick in their head and they'll compare other homes to it.

There are two things you can do that I can think off the top of my head...they are pretty simple.

1) Just make sure you didn't miss an extra button on the tax assessors website. When you pull up the addresses, double check to see if there isn't an extra tab/button/arrow that says next page. There have been a few people that have ran into this issue and it was as simple as that.

Check out the county treasurers website. There are usually 2 tax website. The first is the one that you went to - the assessors website. Go to the "treasurers" website. They are the ones that are actually sending you the the property tax bill. They'll have to have it somewhere. It's public record.

2) You can just send a letter addressed to "Mr. Buyer" if you ultimately cannot find the names. The important thing is that you get the letters in the mail.

Hi everyone, I'm really new here and this is my first post on DG website. I'm going to call RE agents tomorrow and I'm really excited about this. I'm really grateful about the help that is available only from this site. Everyone is absolutely willing to help someone else to get started.
I have 2 questions regarding the 30DQCF:

1) I live in Canada and is there anyway/website that will run comps just like www.totalviewrealestate.com? That site doesn't work for properties in Canada.

2) If we find deals and match buyers and sellers, where does the RE agent's role fit in? Is he/she gonna help me finish paperwork or...?

I know maybe my questions are really odd but because I'm totally new to RE and everything here.

Thanks in advance for the responses.

Naomi

Thanks, Miss Julie!! You're kind words are very nice.

One thing that I would highly recommend if you have not done it already is, call real estate offices. It can be pretty nerve racking at first, lol. I can tell you I was very nervous calling them too when I started. There is something very important about calling the individual offices and here it is:

Most if not all offices have a secretary. When you call, she/he will most likely be the first person you call. Offices can have LOTS of agents in them. When she answers the phone, you say hello and tell her your an investor and are looking to work with an agent that works well with investors. The secretary knows all of the agents and how they do business. She/he is going to "pre-screen" all the agents for you and think of who the best one will be to work with you. So, if there is an office with 50 agents, she'll narrow it down to 1 that will be the best!

I feel that this step is SO important, for your human automation system and to build your confidence on the phone.

I hope this helps Let us know if you need help talking to or finding the perfect agent.

Myself, and I am sure everybody else will be happy to help with your first contract. If you haven't seen my You Tube video yet on a tip that will save time and put money in your pocket, check it out.

We can help you mark up your first contract and fill it 95% of the way out. That way you'll only have to do it once and you'll help save a LOT of time for your Realtor.

Hello:
Based on what Matt was saying in the "Human Automation" section of the Blue Print, find another agent. This one is not an investor friendly agent. A good agent today knows why you want this information.

I've spoken to a few different agents in my little town and got exactly what I asked for. The key is to ask the receptionist to connect you with the agent in their office who works with investors. Remember, the agents job is to do what you want them to do not you doing what they want you to do.

Good luck,

Andy Sager
DG's AndyS