All Forum Posts by: Brian Colbert

Thank you Bill,
Communication is key true. I just wonder if in California, trust issues are always paramount.??? Or is it that true we seem to be the target of new laws. I don't like to make any excuses, however it just seems that here it is hard to just have an agent listen. I don't know how many times I get, "are you a broker? no I am an investor and I will come to the table with a cash offer." Then I get "OH you are one of those guys" One of who? I just want to buy this house!!!

Cameron thanks for the answer, we are all here for the same reason, to learn, make contacts, understand and ask questions hoping to get an answer, not to mention do business.
Mr. Dobbs great story, this is what the tread was about, sometimes it just hard to get SOME agents to act.
We are not here to make problems, at least not me.
I understand that it is up to the client they own the home, the bank owns the note. Given that the owner can't see a profit, and its a CASH deal why would not the home owner do it? I understand the bank has a say, however a cash offer is WAY better than a shopper with financing. We don't really care if the house has cupboard space etc.. we like the deal. We are less likely to walk than a homeowner, plus we don't get impatient like a home owner. So the lenders should consider our lower offer better than a financed homeowners right?

Thanks for the answer Cameron I was guessing 65-70% leaning to 60 however. Joshua I didn't intend to have this get all testy, hehehe I just want to buy and sell. Any takers out their?

Cameron,
easy big guy, hahaha

So in your experience, without giving away the farm. With the banks guidelines, amount of liens, etc... with a double close and double fees and comm. to agents, payoffs of some liens etc.. that we investors have to look at, is an except able % for you to conciser? Every deal has different issues and stand on their own, so I can't see how a % can be placed. Are not some deals murkier than others and need more attention?

I know I would like an answer...
Fair market value has VERY little to do with my offer price. In fact it should not even be considered except to find my offer price. I see it like this. Correct me if I am wrong. I want to buy a car, I see two exact same cars one has a clean title and nice mileage clean car for $5000. Kelly blue book justifies it. Then I see the same make year model with expired tags, maybe title problems a dent or two high miles leaks oil but they want the same fair market price as the first clean car. For me to even think about the second car I want a big discount on the gamble I will be able to clear title, repair the issues to make this a car I could maybe make a buck on. This is business it takes time to do and skill. Reward is justified, so a discount is needed and does not mean we are taken advantage of anyone or anything. We take a non preforming asset turning it into a preforming asset helping the economy and housing market and eventually home values in that area. I know I am preaching to the people who already know this. But we are still waiting for the answer.

Great solution so to find the lender would be a simple title search. Have you had good results doing that? Now being the owner has a contract with the agent, they would still get a check right! For not doing their job haha what the****. It amazes me that there is a business out there that you do everything in your power to not do your job and when someone finds a way to get it done without your blessing you still get paid.

I have a very good if not great attorney who has a blog on short sale negotiations. He explains what you need to know. Get with me and I will give the link, I am not wanting to just plaster it online due to i don't have his permission to do so.
However it is completely legal to negotiate your own deals as long as you don't charge, you disclose, it is for your interest or your llc.
That is in California

That is what I am talking about... It is their sworn duty to the seller, hahhaaha. Who are they really working for the banks, themselves? They in my eyes don't even care or think about their clients... Just my thoughts, so how do we work with these agents????

Or they blame the owner, OH they would never go for that! What, they are in no position to be choosy they are lucky someone is even interested. The second part is I have found homes where they have not paid for close to two years and the bank has not even given a NOD so there is no rush. Free rent nice home...

Too true Realtyman,
I had one agent call the DRE on me and they told them I am doing it right and you have nothing to worry about, as long as he does what he says.. They still are afraid, go figure...