Matching a property to your buyers criteria: Simple Step by Step

I think breaking it down like that helps us out.

Where is a good place to find buyers ,,what places do you look for them? I was also wondering what you thought about the sucess academy have you tried it or did you just follow dean's book ask "?" in here and follow through,,I have had dean's book for a little over two weeks and my main focus is on assignments I want to master that strategy and basically begin my REI on that lvl and also what forms do I use for the seller and the buyer in a complete deal? Thank you for your time and I hope to hear from you soon.

Hey driven76, a great place to find buyers is to put up ads on free online classifieds as well as local newspapers. Secondly, another great place is networking what you do at real estate clubs in your area. You can google, "real estate investing clubs"+"your city and state" and a few should show up. Lastly, even if you don't have a buyer now, keep searching for those deals now, that way again, you can again advertise via, free online classifieds, local newspapers, flyers, brochures, etc. Just make sure that when you lock up property that you have covered all your contingencies, meaing, have a clause that gives you up to 90 days to close, a close to do inspecting, changing the sign in front to your own, the ability to have an open house, as well as the assigning of contract clause. Once you have done that, generally you'd get responses. You should have both a retail buyers list (people who generally buy homes 1 or 2 times to live in) and investors (people who Invest in real estate regularly). For Investors, you can call on companies that have signs and ads such as "We buy Houses" and so on. Talk to them and ask them what they are looking for. They are usually a good fall back. Lastly, the success academy is amazing and i highly recommend it. They are patient and understanding and are well worth the time and money. Plus they direct you to the Tax Club which they will help you in getting set up as a business entity so that you can separate yourself from your assest for liability reasons, incase you get sued or something bad happens, as well save you a bundle in taxes. So think about it but def try it. You'll be happy you did. I use the BARM book as quick reference and for ideas in all my REI, as well as inspiration. So go out and score some big bucks!

few free online ads:

Craigs list.com
massivelinks.com
salespider.com

Enjoy!

Couldn't have said it better myself.

Hi Driven76.
One great source that Copy Ninja mentioned for buyers is your local REI Club. If you have one in your area, DEFINITELY go to it.

Also, the Success Academy/Mentoring Program is well worth what you would put into it. If you have opportunity, I would say go for it.
There are 2 whole teaching sections out of 20 focused solely on creating a buyers list and marketing to those buyers.

Wishing you much success in your REI.

Rina

P.S. James, thanks. It might be over-simplified but it gives a starting point anyway.

.......Secondly, another great place is networking what you do at real estate clubs in your area. You can google, "real estate investing clubs"+"your city and state" .......

Hey there Copy Ninja
I have had such a difficult time finding a REI club near me, I cannot tell you.
I typed in exactly what you suggested, punctuation and all and found one so close to my house that I can even walk there in these frigid temperatures! You've made my day!

hahaha angelk, it is my pleasure =) I am glad you were able to find one so close too!! Just make sure you take advantage of your resource like NOW lol. The more proactive you are the closer you get to your goals. If you need some more inspiration, watch the movie Rocky Balboa, not for the movie itself, but simply for the speach that rocky gives to his son after his son finds out he is gonna fight again. Remember, "Rome wasn't built in a day" so therefore its not about winning or the end results, its about how many times you can't take a hit BUT keep on moving forward. Those little steps will eventually take you to where you want to be! Action, Performance, and the willingness to keep perserving is the foundation to success! Good investing!

Just wondering if anyone else has had this problem. I put my ad in the realestate section for Denver. Realestate by owner- Investors needed for Multiple properties- blah blah blah and it goes to post then the next day I get a cancellation from craigslist. When I check the rules I find nothing. What am I doing wrong. Any help would be appricated.
Thanks
Donna

I have gotten a buyer who has a specific price range and I want to make sure my contracts are air tight and are all legal binding,,as hopefully all of the ones here on dean's site are,,,I live in peoria,,IL.,,and it is a decent size town,,I am going to look for properties in my buyers range and how would or what should my deals include? I am such a noob I am sorry guys,,I just need to put the pen to the paper and start pressing out the dough! I have some other thoughts but I will hold off for now,,you guys rule and I believe after I land my first couple of deals I will know what I need to do,,just need the experience BTW I found my buyer from craigslist and am going looking on monday,,ill keep you all updated ,,,thanks!

Where and what did u write my ads keep getting canceled by craigslist. It is making me crazy.

Thanks for your help
Donna

This should help point us newbies toward a good starting direction.

Vic

I need some advice my "?" still stands on if the contracts on here are all legally binding as in once I get the buyer and seller to sign them on the agreed terms and we present this to the escrow company if it will be up to snuff. I also am on the search for some good deals ,,basically if you were in my shoes and you had a buyer that said "I have a price range from $0-$200,000,,and am looking for a good deal,,,basically all the info ,,pics and whatever else I would need to present my findings,,,I know I need to contact sellers,,and lock up contracts,,but if I find a good deal I just need to know the setup so I can make things smooth for the buyer and seller. THANKS RINA!!

im not sure why your ads are getting rejected, however, if you are placing multiple ads and they all say the same thing, craig's list has a rule for not allowing you to do that. You should prolly change a few words around so that you dont have identical ads running. You can post anywhere. Lastly make sure you did everything correctly in your registering process..hope that helps!

Good Investing =)

Are you bird-dogging or assigning/wholesaling?
If bird-dogging, sign an agreement with your investor for your fee and then give him/her all the property info (I got paid after closing. You can ask for it up-front too).
If assigning, lock up the property with a purchase agreement/"offer to purchase", then use the assignment contract to agree upon your fee, then "hand over" the purchase contract to your buyer. Remember now, I have not YET technically gone ALL the way through the whole assignment process, so I myself cannot give you concrete, first-hand, experienced advice. I am going by Dean's teaching/the coaching/and listening to EVERYTHING that CBR and Anita have said about the process and asking them every pesky little detail I could. lol
The REST of an REI deal I am quite experienced and confident in, and I believe CBR when he says the assignment process is NOT rocket science.

So don't let anything scare you from moving forward, ok? You'll do just fine.

Rina

Copy Ninja is right. Also, I noticed in another DG member's frustrating Craigslist deletion that she said the Craigslist community hates "crap" ads that aren't specific, and will whip them right out of there. After reading THAT, I try to post a specific property or service FIRST in the ad, and then proceed to do the "general" plea, That might help.

Good luck,

Rina

I guess I missed your other question about the legality of the documents on the site. I use my state-specific, state-approved purchase agreement, but I would not believe that anything the admin puts on the site would be in question, or I don't think they would put it here for people to use. If in question, have your RE attorney look over it.
Sound good?

Rina

Thanks for the break down. That's SO helpful for new investors to grasp the process. Awesome information my dear. As always, YOU ROCK!!

Love ya sis,
Lena

I WOULD LIKE TO THANK DEAN FOR THE SITE, AND RINA FOR THE EXPLANATION, MYSELF I'M WORKING HARD TO MAKE THIS DREAM COME TRHU. I KNOW IT'S NOT EASY BUT IT'S ONLY BY SEACHING, I'M ON MY WAY MAKING LISTE OF BUYERS AND IF I HAVE QUESTIONS I WILL BE BACK FOR HELP

PS.FUTURE MILLIONAIRE
MATTH 7:7

Thanks for the info you guys make me giggle with happiness. When I prayed for the Lord to bring positive light he showed me Deans infommerical, I bought the book which has this site and talk about POSITIVE LIGHT. Can't wait to come to AZ and meet everyone. I love it.
Thanks again
Donna

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