O DOWN DEALS

Glad to here you are believing in yourself. That is one thang alot of people don't understand. If you are I can't believe in ourselves how can anyone else. Good-luck and stay positive.

randy

Thrilled for you and Julie on this one! How AMAZING!! You are absolutely right about the "Fear Factor" ----I feel like a lot is about to "break" with me (in a good way), and I just need to take that leap...yet again. It's interesting how you feel like you've knocked down barriers, but as you tread unfamiliar waters and try something new, you get that "uncomfortable" feeling, and can stall out instead of move forward on something.

Thanks for sharing another example of "you ask, and you shall receive" ---what a great lesson for us all to be reminded of!

Thanks for posting!

Looking forward to this deal we're working...and to getting more done in Nashville...full speed ahead.
Louisa

Thrilled for you and Julie on this one! How AMAZING!! You are absolutely right about the "Fear Factor" ----I feel like a lot is about to "break" with me (in a good way), and I just need to take that leap...yet again. It's interesting how you feel like you've knocked down barriers, but as you tread unfamiliar waters and try something new, you get that "uncomfortable" feeling, and can stall out instead of move forward on something.

Thanks for sharing another example of "you ask, and you shall receive" ---what a great lesson for us all to be reminded of!

Thanks for posting!

Looking forward to this deal we're working...and to getting more done in Nashville...full speed ahead.
Louisa

Thrilled for you and Julie on this one! How AMAZING!! You are absolutely right about the "Fear Factor" ----I feel like a lot is about to "break" with me (in a good way), and I just need to take that leap...yet again. It's interesting how you feel like you've knocked down barriers, but as you tread unfamiliar waters and try something new, you get that "uncomfortable" feeling, and can stall out instead of move forward on something.

Thanks for sharing another example of "you ask, and you shall receive" ---what a great lesson for us all to be reminded of!

Thanks for posting!

Looking forward to this deal we're working...and to getting more done in Nashville...full speed ahead.
Louisa

It posts multiple times!! Sorry about that!

I got to read your post 3 times'

Randy

Thank you Randy,

You are telling me what I need to here. FEAR kills your inner drive to succeed. Since your e-mail I.ve been putting out 10 offers a weekly. I have also started working with 2 money peope willing to partner up with me. Every day I work to improve my business. Thanks again for the push in the right direction. You can do anything you want you just have to find a motivated person to work with.

Adam

I am glad to see you are moving foward, The more you take action the easy it gets. Good Luck and keep p the good work. Let me know if their is any way I can help out.

Randy

.......Keep up the good work! Thanks for sharing your zero down information with all of us. I know so many people have challenges to overcome from fear and uncertainty to no cash and no credit.

I am now motivated to try some no money down deals with a few home owners. Good luck on all your future real estate deals. Believe and Achieve! - Joe

Wow! 30-60 properties every three months ... sounds like the hard part is done for you, Frazier. Please keep us posted after you've made contact with your buyer!

Continued to success ...

Thanks for all you post, You just don't realise how motivating they are. I just don't see how you find the time to come up with all the great INFO.

Randy

I am not sure this has been addressed on here, but just in case it hasn't, I went to a local investors meeting last night, The speaker travels around the country and said that storage units are bringing in the money, it was a "cash cow". There are no tenants, no trash and no toilets ! Just a tidbit there, he also runs his business without mangers full time by using an ATM type machine that takes the money for the units needed, spits out a lock and lease form. scans the Drivers license and even a thumbprint.. Makes money while you sleep. Insurance is cheap. And has good cash flow.. Just some interesting news I thought I would share with all the DG'ers out there..Have a blessed week and weekend! Kevin

Thanks,
I actually found him via craigslist.org in every city there is a category that says real estate wanted. Most of the posters are real estate investors i actually have a standard welcome email that i send them and with him he answered in less than 2 minutes i asked my qualifying questions that were taught to me by the success academy some people don't reply to emails so the ones that dont respond i put them on my calling list. Friday will be calling date, im trying to get a list of at least 30 investors and narrow it down to 10-15. Yes it was amazing when he told me hes looking for 30-60 properties every 3 months was a mindblower so obviously his pockets are deep and im hoping to find more guys like that so after a few deals i can actually start splitting profits he puts up the money and we split 50/50 so its looking great!! ill keep you all updated

Ok, went to look a a house it is vacant because the place was sold for 122,000 on a VA Loan the buyer went threw all the inspections and they all pasted he put down deposit money and did not show up for settlement. so the house was put back on the market for 119,000 for about 2 months. Since then the people moved out, thought they had the house sold and now living in an apartment,can't handel 2 payments. I got a call from the Daughter off of one of my bandit signs so i met them yesterday they need 70,000 to settle the morgage ran comps from this site looks like they are around 90,000 not enough for a wholesale so i mention to them about a owner Finance for 2 years rentals in the area are around 900 month Looking for all options
Thanks Jay C

If it was me. On a VA loan I would offer to do a subject to. That way you are just making the payments. On VA loans everything is ESCROW in.

Randy

No it is not a va loan now it is a conv. loan

Well that could be a big difference. Sometimes they do a 80/20 and have a lot higher interest rates. If you do the lease to own make sure their is no prepaid penalties. Make sure you file something at the couthouse. That way if they try to refi are take out a second it would send u a red flag.

Randy

Hello. Thanks for sharing some ideas about where and how to get a buyers list first of all. I am new at this and I am working on my list. Im just wondering if you could share me your standard welcome email to investor. What do you put in the email exacly? Also, how do you introduce yourself to investors? Thanks again and hope to hear from you.

Rendel

Sure id be happy to give some advice,
What i have been doing is going to all free online classifieds sites and there many of them and i go to the real estate wanted section and normally there's 20-30 plus ads about looking for investment properties or they buy houses for cash or even go to the real estate job sections and youll find local investors looking for bird dogs. So what i do is i set up a spreadsheet will all email addresses and my initial form of contact is email. and as you mentioned i send this standard email:

Hello,
My name is Gorgeous Frazier and i am a local Wholesale Real Estate Investor. I currently specialize in probate properties, fsbo's REO'S and Pre Foreclosures. I FIND and lock up these amazing properties on contract with amazing deals 50%-70% off of fmv but unfortunately, there are so many i cannot hold them all.. I am looking for a cash investor to assign my properties over to. Enclosed is a questionnaire for you to fill out so that i can get a better idea of the properties that are right for you.
I look forward to hearing from you as well as working with you.

Thank you,

Gorgeous Frazier
GP Property Solutions LLC
Website: gpf.usapropertywholesale.com
Office :
Fax:

Which areas are you most interested in?

What type of properties do you like to see?

What Price range?

How much profit do you need from each deal? (equity etc.?)

What Property Characteristics do you look for?
Sf, Bedrooms/Bathrooms,Amenities

Are repairs ok? What type?

How Quickly can you typically close on a deal?

How do you prefer me to present the deal?

What should i include in my packets i send you?

How Many deals per month can you handle?

Any additional questions or comments?

I officially have 7 responses to this email with all information filled in with their criteria!! you must think outside the box there are alot of investors that post to hire people look in the job section as well!!

and for those that i have not gotten a response back from i will contact tomorrow via telephone and ask them the same questions or ask if i can re email them the survey so i dont take up all of their time:

Hope this helped!!

God Bless All,
Gorgeous Frazier

Also you can follow my progress
http://www.deangraziosi.com/real-estate-forums/investing-journals/46415/...

I wasn't really sure I would get this one.like I said early he bought this hose 5 years ago for his daughter. The house next door to him came open and He bought that house for his daughter. so he decided to rent this one out and didn't have much luck with his renters, So when they moved out he wanted to sell it since he had 3 homes now. He was 90 % done with the house and tired of working on it. I talked to this guy for 3 to 4 hours. I had to basically sell myself first. When he started warming up a little I hit him with creative financing to make a win win for both of use. I told him my daughter was moving back and I needed another house but at this time I didn't want to pay the bank closing cost and points. He said he understood that and then the door was wide open for us to work a deal and make a win. win.

Randy

Thank you for the response. This would help a lot cuz today I actually spoke to a loan officer that knows a banker. This banker has properties he wants to let go 40cents-60cents in a dollar. All I have to do now is find investors.

Thanks. I will keep this kind of deals in mind so when the time comes I know exactly how and what to do.

This is something that I have leaned in the last 18 months, Their are so many ways to do deals with o money. I never would have believe this if my back hadn't been against the wall and I had no other to get deals done.

Randy

HELLO
Would you mind me asking what one of your typical ads on one of these sites looks like?

Hay, I am truly sorry. I don't really understand your question. Give me a little more detail and I see what i can do to help you out.

Randy