Cash Buyer Looking For Properties Nationwide (PM us if interested)

200 pics????? Really?

I'll be contacting you guys soon!!! This is very doable, but agree that 200 photos are a lot! Can you explain the details on that, and would you consider a video of the property instead of 200 photos?

Motivated to get our fist deal!

Renae & Tyrone

200 pictures on a property? Please change the # of pictures requested, thanks.

$4k on an ARV of $300 - 600k that I actually put under contract and put up MY OWN MONEY as EMD?? err, sorry.... that dog doesn't hunt.
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IF I have placed the property under contract, then I AM THE WHOLESALER and as such I WILL SET MY OWN FEE, thank you very much. If your criteria happens to match what I have under contract, then when I e-mail the specs to you you can contact me to buy it from me for my price [which includes my Wholesale fee (that I set)].
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A Bird dog fee is when I find a potential property that fits your general criteria: [ARV $300 - 600k, SFH, in what you are calling a 'hot area']. I then pass the owner's contact info on to you including the property address. YOU then negotiate the price with the current owner; YOU then get your own comps; YOU order and pay for your own Inspection; YOU then set the terms that you want (and the owner accepts) in the contract; YOU then put up your own Earnest Money Deposit {EMD}, and then you pay me a 'fee' upon closing for your taking the deal down. And yes, $4k on a $300 - 600k ARV property is probably in the acceptable range as it works out to about 1% (it gives a little on the low end and takes a little on the higher end).

Crandall, just an FYI; your post seems to be confusing the Bird dog and Wholesale concepts. They *may* work together on deals [i.e. a bird dog turns a Wholesaler onto a property that he eventually puts under contract], but they are distinctly separate disciplines of REI. A Bird dog doesn't have to work for/with a Wholesaler (he could work for a rehab-er directly); and a Wholesaler doesn't have to have a Bird dog (to find and locate properties). But Bird Dogs almost exclusively DO NOT negotiate the deal or put up any sort of EMD. They (Bird Dogs) certainly can take photos of the property for you or provide you a rough idea of the repairs needed.

Hope this helps to clarify things for you. Good luck to you and your business partners in your investing career. To everyone's continued success!!

--Walter

If it is to be, it is up to me. -unk

This propery is located Frazier Park, CA. Could any body show me what to do here. I do not want to take over the payments and owner do not want to go below $93,000. I would like to a assign flip, but I don't see anyway to do it. Please need help with this one. Thank you

A house for sale or transfer. I owe $93,000 on it and am willing to transfer the loan to anyone, you take over at 5% fixed interest for the next 27 years. The house is a 2 bedroom, one bath, with a loft, separate laundry room and a large brick fire place.

Payments with Insurance $767.00 monthly/Without Principal interest $526.00

Built in late 60's 1969?

No payments behind!

Repairs: Minor paint, carpet, tile what have you.

No HOA's currently has tenants, but they will be leaving on the 1st!

Living space 1,300 sqft

We will put the property under contract under our LLC. We dont use your name for anything besides the earnest money so u will have skin in the game. We pay a finders fee not a bird dog fee. Your name never goes on anything unless you are a partner with us.The reason for that is we don't want you out there putting earnest money down on a property and it doesn't quailfy with us. Under certain guide lines a property can't be fliped if the deed has been changed with in a 12 month period multiple times. We dont buy whole sale properties. We buy REO'S. We don't mess with any properties that meet fannie or freddie guide lines. Jumbo loans only. We don't by houses in any market that are the median price homes for that market. We buy the 300K to 600K houses because it is less competition with cash buyers. We set are finders fee price and thats what we pay out . Anyone who wants to sell us a property will get what we pay for are fee. Nobody sets are price for us. I hope that helps you get a better understanding. We have a buy price and it is set in stone before any property is under contract. We don't want anyone out there having a house under contract and passing it on to us to negoitiate the price. Are guidelines are set and we have certain protocol that we go buy and it works for us. Hopefully we can do some business with you and if not we wish u the best of luck. Thanks

200 pictures, can I have some of what you are smoking?

We request 200 pictures because we are taking your word on the repair damages and we need to see the property inside and out. Most properties we buy have atleast 10 rooms so that is not asking for too many pictures. We also want to make sure we don't get any surprises during a home inspection so we support the rule of thumb. Better to have more than enough than not. Picture yourself spending $300k to $600 k on a house and you figured the repairs at $50k and they end up being $100 k. I don't think you would be to happy. Remember we are not coming to the property until we start the rehab so we have to narrow down all the people who aren't serious. This program is not hard as it seems. We are already doing this mainly in California. We are also doing it in Cleveland,Detroit,Indiana, and Arizona. These are the worst markets in the US and so this is not hard. If any of our guidelines of our protocol are not met we will not even look at the property. We have about 20 deals a day coming in and we don't want to spend are time on deals coming in not completed. So please don't send us any deals not completed,because we don't want you to waste your time or ours. We won't look at any deals that aren't complete.. Thanks

I agree with Walter. The amount you stand to make on a property of that value is very high. Considering anyone working for you will be doing a majority of the work since as u said, u don't go to the property until u start rehab, the person securing the deal for u and investing time & energy getting all the important information should be compensated accordingly.

I understand your point of view on the pictures. For those of you questioning it, lets break it down. We'll use a 5 bed/4 bath/2 living area/2car garage home for example.

5 empty bedrooms; you want a pic of the room from the door, 2-3 shots of the closet, windows, ceiling, close up on the light fixture or ceiling fan. Thats about 10 pictures a room, depending on its size and how many closets/windows it has. But we'll stick with 10. So there's 50 pictures already.

4 bathrooms; need to see the shot from the door of course, close up of the flooring, sink, tub, toilet, floor around the toilet, under the sink plumbing, and any cabinets and drawers. Estimate about 14 shots of each bathroom, there's another 56 pictures.

2 living areas; same as the bedrooms. More windows most likely, but less closets, so we'll stick with 10 pics per room. Do the same for the dining room, there's 30 more pictures.

Kitchen; same as bathroom. Add shots for any appliances or built-ins, stove, oven, microwave, fridge, dishwasher, breakfast area... I'll guess 30 pictures.

We are already at 146 pictures. Now add the garage, the mechanics of an auto garage opener, the water heater, AC unit, front, back, sides and roof of the house, and we've got at least 200 shots. This isnt to advertise a listing, its to get a clear idea of the repairs needed since the buyers will not be present.

Now that I've said all of that, I still think the pay to do all of that work is too low. I guess others aren't bothered by it if you have 20 deals a day coming in tho, so good for you!

It seems to me that if my operation was capable of coming in and doing the rehab I would have them do a physical inspection of the house and not rely on pictures.

I don't know if I would advertise on a website that is mainly new investors.

Guys, if someones criteria does not meet what you are willing to do or does not pay enough, MOVE ON!

Crandellglenn, please fill out your BIO page.

Also can you supply ONE address that your unknown company has purchased, rehabbed and the retailed? Just one?

Seems to me you guys would be syndicated and buying REOs in bulk. Also you would think big time buyers could get their own CMAs. Plus, you are getting over 7000 leads a year as it is, right? Me thinks this is some one trying to get deals funded by some hard or private money lending guru.

You have an OK idea, I think you need to work out a few bugs. One being if I can provide you a property at 65% I can make ANYTHING I want. If I buy at 55% I will make that spread, not a $4000 fee. As long as I meet your buying criteria I should be able to make whatever "fee" that I have in my spread. Just a thought. You might get people that know what they are doing sending you deals that way.

Good luck to all!

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC

You're barking up the wrong tree. I can wholesale a house for under $100K and make way more than that with MUCH less work.

I was wondering what everyone thought of this post. The 200 pics was astounding, but so was the 65%, I mean if we found that so easily we wouldn't be taking it to someone else for a meager spread. I thought his fee was good until I saw that 65% and I realized if I came across that, well you get the idea! Thanks for all the input; you've clarified it for me.

Obvious signs of eager beginners on this site, we are perfect prey for a Big Voltures such as this guy! I AGREE with the the DG Family! Really the work doesnt fit the dues on a low or high end SFR, for that matter. So I always stick to the Math! If we can lock it on contract and do all the leg work for someone like this and 4k is worth the efforts to anyone reading this then as you begin to follow thru with this proposition you will, in time, figure out what you could-have done instead! And so you will learn!

But why would we bring you a contract if WE havent allready done the negotiating? An assignment is, you buy as "I" could have done! I have an LLC
too and I set my own assignment fee! My buyers tell me what they want and how much they will spend and how often they will buy. I usally know in 24 hrs if they are interested or NOT! and if NOT then I will present my deal on contract to my other CASH BUYERS on my list! So if you want to tap into my market, with a negotiated contract of 100k off FMV then setting MY fee on MY LLC is up to me and if YOU don't buy it I'll pass it on to one of my SERIOUS investors! I do this so that I don't waste My time and my cash buyers as well!

...Bird-dogg,Finder's Fee call it what you will it's still the same thing for finding YOU the deal--You wouldn't otherwise attain with out the "Finder"!
and yes you could set it as you will.

....Assignor different deal alltogether! Hope that clears it up for you as I know it!

"been there done that"--- ME

well the first thing to catch my eye was the huge ARV 300-600K. I mean these are not homes easily gotten at 65% and even if they were there are not many people buying in that range right now.

I agree with Mike on most of this. If you have done rehabs you Know pictures dont show half of what is really wrong with the property. I just had a rehab I am doing inspected and it revealed way more than the pics my agent sent me. Well worth the 500+ dollars I spent on it. Personally If I was to lock up a property and put the EM up and do all the leg work and get it under contract, I would be wholesaling it for way more then 4k. If you wanted to gain interest from people I would not be greedy and offer 3% of profit which would motivate more people to work with you. More deals = more $$. Word of advise- your making big $$ on a deal dont drop crumbs, feed the people that help you get there.
Mike is correct when he says if the offer doesn't work for you then just move on.
JMO
Good luck!!
Richie

And it makes less and less sense every time I read it. The criteria is way off and contradicts itself.

I think the pictures are their way of skipping a professional inspection. Thats why they want so many.. and the post doesnt mention an inspector at all, just an appraisal. Here in Dallas an inspection can be ordered for around $250... which as you said Richie, is WELL worth it. Even if the pictures look perfect, you have no way to tell how the plumbing, electrical, AC, etc are working if you are not getting the place inspected. I can spot foundation, roof and some plumbing issues quickly since I have so many years as a Realtor under my belt, but I still insist my clients get an inspection. There's no better way to prepare/protect yourself in real estate.

@ Kathy, well said. I have spent tons of time on this site the last few weeks and from the thousands of posts I've read, most are in similar boats and reaching out to each other for guidance, support and to exchange information. But there will be those few who come looking for eager newbies (like myself) who just might think $4k is a big enough chunk of $$ to do as they ask.

And actually the first thing was the high ARV of 300-600K. This is not typical homes that are selling right now either, so it will be hard to find a buyer and getting those homes at 65% to him another improbable!

I doubt any newbie would have the funds to put up the earnest money on an REO in that price range.

crandellglen been member since 11/16/2010 (wonder wheres he's been?)

NO BIO...?????

ONLY this post, and wants WHAT??????? and pay What???

+ 200 pics = 10 pics per room on 20 room house

LOL-wow

AGREE with Michael Mangham.

Be Careful ppl

good luck

$300 - 600k in California; okay, that is a typical run-of-the-mill 3/2 SFH on the outskirts of the greater LA metro area (say 50 - 60 miles out) that would otherwise sell for half that price elsewhere in the country.

They say that they are also buying these houses in Detroit; doubt if you could find ANY house in Detroit worth that much; but you sure could find a whole helluva lot for $5k or less! And Cleveland isn't that much better.

Been there, done both of those cities. And as we say in Texas, "that dog {still} don't hunt".

--Walter

'If it is to be, it is up to me' -unk

House for sale in Compton, As-Is. (Vacant) This 4 bedroom, 2 bath house is located in Compton, at 2965 West Caldwell Street 90220. The ARV 345,000. asking 245,000 great for great for contrcator or rehapers. house is free and clear no Leans.

If those are his parameters and that's what works for him, who are we to criticize. If he's blowing smoke, he's blowing smoke. Bottom line, if it's not your parameters, you don't have to deal with him. Simple as that. Crandall's post is what it is. You know what they say, You don't get if you don't ask. Maybe he'll get some deals, maybe not. You want to deal with him it's up to you. You get a deal under contract, you can pitch it to him on your terms. You have control of the deal. Simple as that.

My partners and I are cash buyers and we didn't just start yesterday and for those who have a problem with are guidelines then don't waste your time with us.I am not here to argue with anyone who doesn't like how we structured are guidelines. I haven't been on here in quite sometime and I happened to log on after about 8 months of being away and see that a lot of people need some cash buyers and so me being the Christian man that I am posted what we are doing. So whatever problem anybody has about our success at what we are doing then I suggest you pay cash out of your pocket and then you won't have all the negative things to say about are program. I truly hope everyone on this site gets a blessing and get deals done. Someone will come to us and get a deal done and they will post it and for those who had so much to say about are program don't bring any deals because we don't do deals with negative people. For the rest of you see u at the top. Oh and by the way my partners and I all played professional sports so we are use to people who talk a lot of nonsense that leads to 0 $ in there pockets. Have a blessed night everyone and keep moving forward and don't look back.

Mr. Lonestar Gumby , You never get deals done burning bridges out the gate before you meet someone. A word of wisdom do more listening and less talking and you might get some deals done. But at the rate of your conversation you will be chasing for a long time have a blessed night.

Also for the person who talked about the house in compton. Well remember I said we only buy in a buyers market. Meaning all you have to do is do a simple google realestate market analysis in all the surrounding counties and then you would no where people are buying in your area. We set those perimeters of 300k to 600 k for the whole country because thats the price range that houses are being bought at at full value. The price varies in every market so thats why we put it at 300 to 600.I can tell you this much if you look at 10 houses and they all are in the same price range you will remember the one which has the best quality of amentities. For example Granite counter tops , marble , wood floors. We are not talking about rental properties. There are three types of buyers. (A) buyer wants house like its new, (B) buyer wants a forecloser at a discount, (C) Buyer wants a rental fixer upper. We only sale are houses to A Buyers. Now I hope that gives everyone of the naysayers a full understanding of why we do business like we do.

To clear something up. We do ask you for a inspection done during the first 10 days of the contract. Then we set a closing up 30 days after that. Also these are the houses that people are buying around the whole country. So everyone do your market analysis and you will see what I am talking about. For anybody who is a realtor you would know this if you are not a rookie. Please do your research and you will understand better. If everybody had the access to do what they say then they wouldn't be critizing me. I know that all these people who has commented on this don't have the cash to pay for these type of houses. I been in this game a long time so I think you are the one blowing smoke.

I dont understand you and as Walter said that dog still doesnt hunt Newbies beware(myself inlcuded as I am a newbie) and I have had people who wanted to partner with me and me do all the work and they make all the profit or most of it, just be careful.

so crandall, are you saying if I get a deal under contract that fits your parameters and I want a $10,000 fee, we can't do a deal?

I agree with Monica. They are propbably trying to pass up the inspection. No one should short cut like that. Inspections in Minnesota are around $250.00 and up depending on the size of the property. Please do not skip inspections it can come back to bite you later if you do. I have also taken class on home inspecting and there is alot to be aware of pictures just dont cut it.