All Forum Posts by: Dwight (Matt) Mathews

The two things I see over and over again with the L/O & sub2 is:
1. Not understanding who the perfect seller is for an Option.
2. Making the L/O contract too complex.

The beauty of the L/O purchase is that it benefits both the buyer and the seller. It's the perfect win-win deal. Keep in mind that 90% of the market is not a prospect. Keep the contract(s) simple, one for the month to month rental agreement and one for the Option-so you can record that document as a lien and to make sure the seller know's the price and terms are fixed until said date. Go find the seller first! It makes for a more enjoyable, easy win-win deal. Still works for me after 30yrs.

Mathews Associates LLC

Heather,
Ask the Broker/listing agent to show/send you verification of the other offers. You have a legal right to see them. If I was your Buyer Agent I would
demand a copy.

Matt Mathews
Mathews Associates LLc

All I can say is that the L/O sub2 is the perfect Buy/Sell strategy for today's market or any market for that matter.. An added bonus is that most sellers, especially in today's market are much more flexible to accomodate a longer Option term. I prefer 3-5yr term. Being a Investor/Buyer Agent I also do options for my buyer clients. It's a niche' for me because most realtors have a Retail/Put a sign in the yard and hope for the best mentality. They also want to get paid now. So I tell them that I will educate them a little and also tell them that I will pay them the seller side of the commission out the option money if they refer those clients to me.. They have no reason at that point not to talk to their seller about L/O. I also like the Lease Purchase contract (no-option) for Controlling Land in emerging market areas. Just go to your local city or online and take a look at their master plan. Concentrate on all the Infill land that's already pre zoned for multi units close to town. That's where your small developers are & will be looking to build. Their easy to work with and will also JV with you. Thanks for opening up this post. As you can tell I'm big on L/O and sub2. To create more wealth rollover all your IRA $ into a Solo 401K and use those monies to make the deal Tax Free. Let me know if I can help.

Matt Mathews
Mathews Associates LLc
Retirement Advisor
RE Investment Services

Giving back to your community in good faith will come back to you many times over. Just don't get caught up in the Political process. Try to educate, make your point by sharing a few new fresh ideas. It can be quite rewarding if you give a shot.
Mathews Associates
Retirement Advisor
Real Estate Investment Services

Believe it or not! Your best source of leads,and resources will be through establishing a networking relationship with a Buyer Agent/Investor who specializes in working with Investors. We are hard to find but we're out there. Interview a few and make sure they also are not only Investors but they know how to perform due-diligence and have the knowledge and experience to evaluate your deals. If all they know how to do is send you MLS listings-Forget It! Tell them what you need and want. Put them in the transaction on the buy/sell and you'll have a partner/friend for life. Once you find me-never let me go!!

Matt Mathews
Buyer Agent/Investment Advisor
Mathews Associates LLC

Countrywide & Wells Fargo are the worst for sure. Their internal processing system has changed dramatically however, since this all began. Having experience on both sides- as a Agent and Investor, I can tell you that they prefer working with Realtor's. Big reason; They know how the system works, what paperwork is needed and most important-They know how to submit a accurate HUD 1 statement. Showing the Investor/lender $ bottomline. If they think they can recoup more money thru an auction or REO-It doesn't matter who the buyer is!!! They also know what Investors are trying to do now with regards to influencing the BPO's so they are putting more credence on the actual appraisal. The other important factor is that if the mortgage had an impound acct-the Insurer has a bigger say so in accepting the offer than the original Investor/Lender. The bottom line for me is; Short Sale Deals are not worth the aggravation when so many other Investment opportunites are available. I like Win-Win deals that I can control.

Matt Mathews
Mathews Associates LLC
RE. Investment Services
Exclusive Buyer Agent
Certified Negotiation Specialist

Find yourself a (Real) Buyer Agent who specializes in working with Investors. My clients get the best of both worlds. The due diligence and Negotiating Expertise on the buy and a buyer waiting on the sell. I give my Investor clients a turnkey network of resources and one on one expert advice. Of course, I'm not your average Agent! I'm hard to find and get paid accordingly. Find a partner/Agent who is also an Investor and you'll never have to be concerned about how much commission you'll have to pay. You'll be offering more $$.

Investor/Buyer Agent Specialist!
The major advantage of having a RE.lic. is not only do you have access to information you used to pay for but you can generate many streams of income. I offer my Investor clients a turnkey network of resources you will never have access to online. If you run an honest win-win business you shouldn't have any problems with disclosures.
Mathews Associates
RE Investment Services
Buyer Agent Specialist

A gift from Congress nobody knows about. A pension plan specifically for Individual and or husband/wife business owners. The Solo 401K plan. Not only is it a self directed plan but also it is self managed/no outside custodian. Buy/Sell/exchange Real Estate tax deferred or tax free (Roth K). There are some restrictions of course, but the Solo K plan is truely the Ultimate Retirement Plan for building long term wealth and financial security.

Matt Mathews
Mathews Associates LLC
Real Estate Investment Services

What's an MP3>? Is that like my old Sony Walkman only costs more money? Just kidding of course. I like analog over digital better. My old vinyl still sounds best. I think I'm showing my age here-But I'm COOL!
later,
Matt