All Forum Posts by: Tahir Slater

Originally posted by @Brian G.:

@Ryan Dossey. You could be well intended but that wont give you leads. The key is to transform intentions into credibility. Credibility will get you leads (solid ones). I think you have done that around here. I have seen your posts here and there - you sound credible. I just checked out your site. Looks professional. Easy to navigate. The capturing is definitely there. I guess the more lines you throw into the water the greater the fishing 🎣. I am wondering now if there is a way to incorporate some sort of service that allows for you to be alerted when you have a visitor and inmediately enable some type of live chat invitation. I know that sites like clicky.com allows you to see the actual location of your visitor "live" (down to the city). Imagine a seller browsing your site, you know their location and you are now inviting them to chat about their home. All in less than 5 seconds... Sounds powerful. 

 @Brian G. Target native ads. There are tons of software that allow you, without you even being there, to 1. Offer an incentive to the person browsing in real time 2. Follow them with a reminder once they leave your page, basically places an ad on the next pages they look at when they leave your site, 3. Most sites that sale any web building solutions have analylitics built in (such as real time vistor notifications and habits), but you may need to teach yourself or hire someone to take advantage of them.

A website is not the end all, and personally, being a bit of a techie, I'd say as Baby Boomers exit the entrepreneurial world in favor of retirement and and the tech generation grows up, moblie apps services, and on demand services will become more critical, and Social Media will be used even more as a trust gaging platform...

Congrats! Keep plugging away, use your social media, and remember it's all marketing, which people often confuse for advertising. This is one of my favorite success stories to hear, having a background in digital marketing. Just remember the digital world is not an end all. Follow up, follow up follow up. And do so on all digital platforms your lead used. Check your metrics, if they replied from a mobile device, then you can assume maintaining a digital relationship will be effective. The is not that you were engaged online, thats no surprise, but how they engaged you which will give insights on how to maintain their attention.

Originally posted by @Dana Whicker:

You seem to understand correctly.  A quitclaim deed is a deed that basically says, "I (seller) am conveying whatever interest I have in the property to you (buyer)".

That interest may not be worth much if anything.  There may be other parties that have interest in the property, mortgages, liens, etc.

Buying a property with these terms is gambling unless you've done your due diligence.

 Agreed. This is a space we operated in before setting up a formal company this year. I've never seen an auction use anything other than a quit claim deed, hence the term "as-is", especially online, so you have to be getting heck of a deal to purchase under those terms. Your criteria for those purchases should be the same as stringent as your traditional purchases with regards to comps, keep a level head so you have plenty margin to offset surprises. 

if your still looking for Bay Area check my post from earlier today. I have one,  not 100 property thay had never been listed, ever.

Ill bite as well Im currently in Charlotte, Bylentine to be exact. Where is the property. DM me you have my attention. Ill shot you my number and website via DM.

Excellent deal meant for 10 day closing. Beautiful Pittsburgh home for sale by owner that bought it brand new! This deal is a steal in Pittsburghs thriving Real Estate market. This home at my asking price will leave 50k-100k for the Buyer/ Investor easily once listed, for the higher end simply update the finishes and flooring mabey. Lot square footage has it valued south of 600k. One of the biggest plots in the Oak Hills. Perfect for room additions or conversions to really add value. No neighbors to the right, as the picture shows theres a small prairie. This is an anchir property, directly accross the street from the quiet safe neighborhood park. perfect for parents and pet owners. Please, PLEASE do not respond if you are not an actual cash Buyer, If you are a deal maker, bird dog, or someone who looks to transact properties via assignment, this is not for you. This is for an Investor, Realtor Investor whom can LIST on MLS at full value and reap the maximum ROI. The property requires NO REHAB other than cosmetic and mabey appliances. We are asking 445k, but all real offers will be considered for headache free buyers. Taxes are paid up no liens. The only caveat is whomever purchases our property must allow my elderly relative to reside there (Original Home Puchaser ) until the end of June when she is scheduled to move in with us. However during this time you are more than welcome to start any improvements you have planned and she will stay out of your way! A deal can be worked around that as well. If we do not sell asap to an investor, we will simply list it at market value with our agent. we are willing to sale at a discount in the fair exchange for the benefits of dealing with cash buyers. Particularly the speed, however let this in no way be confused for fear of the market, we will not entertain low balls, or none verified cash offers. If neccessary we will let our Realtor list it for 500k, pay out 6 percent and call it a day in less than 90 days when granny moves...I WILL NOT GIVE OUR ADDRESS WITHOUT A PHONE CALL FIRST. SAFETY AND NOT BEING DISTURBED IS KEY IN THIS TRANSACTION. I HAVE BPO/ CMA, AS WELL AS LEAN COMPS AND VALUES MYSELF. YOUR WELCOME TO ALL INFO ONCE WE SPEAK. TEXT FIRST SO I KNOW WHAT IT'S ABOUT AND WHO KNOWS THIS PERSONAL TRANSACTION CAN LEAD TO A WORKING RELATIONSHIP, MORE ON THAT LATER.

I encourage new investors looking for a quick, safe fair return with low overhead, and seasoned investors just wanting to add an easy "score" to their portfolio and take the family on a surprise vacay!

I only require email correspondence to send you exact comps from last 30 days, matching square footage and lay out, as I said for safety reasons, a call (please text first so I know what its regarding) is required for the address, DM me and Ill shoot you my number.

Excellent deal meant for quick closing. 5 bed, 3 bath, 8000 sqft lot, 3200 sqft home, Beautiful Pittsburgh, CA one owner home home for sale by owner. This home at my asking price will leave 50k-100k for the buyer easily once listed. Please, PLEASE do not respond if you are not an actual Buyer, This is for an Investor, Realtor Investor whom can list this property and reap the maximum ROI. The property requires NO REHAB other than cosmetic and mabey appliances. We are asking 445k, but all real offers will be considered. Taxes are paid up no liens. The only caveat is whomever purchases our property must allow my elderly relative to reside there (she's been there since the home was built) until the end of June when she is scheduled to move in with us. However during this time you are more than welcome to conduct your inspection at your own cost and start any improvements you plan to do and she will stay out of your way! A deal can be worked around that as well. If we do not get what we want by then, we will simply list it at market value with our agent... Below is a brief report, the Subject Property is ours. PLEASE DO NOT CONTACT US IF YOU ARE NOT FLUSH WITH THE CASH NEEDED FOR THIS IN YOUR OWN ACCOUNT! We do welcome other inquiries and services as we have a real estate business, but for this property and because it's family we ask that only cash buyers respond for this ad. I formatted the information the best way I could below, but if you look close enough you will see 2 comp properties, and our subject property. Ill give you BPO etc or feel free to do your own DD. Earnest deposit required (refundable) to distrub Nana a visit the inside of the property, I have to be sure you're not  Bird dog or selling assignment. Cheers! If you can't read the gobbly gook below, I can send you INFORMAL word doc to get the ball rolling, before I send BPO etc
Oak Hills-Area 6100
Address: 6 Fawn Glen Ct 1039 Dawnview Subject Prooerty AVG  Never Been Listed YR Built: 1999 2000 1998 Bed/BA: 5/3 5/3 5/3 SQFT: 3,241 3,241 3,205 3,229 PP SQFT: $153 $160.75 $156.8 $156.8 LOT SQFT: 7,100 7,500 8840 PP LOT SQFT: $69.71 $69.46 $69.58 $69.58 List: $529,000k $499,888 $514k Sold: $495,000 $521,000 $508k Sold Date: 02-27-2015 04-11-2015 DOM: 81 22 51.5

Wayne, thanks for taking the time to respond. Let me clarify,  no,  I'm not familiar with auction.com. I'm aware once any payment is made the transaction is in my name,  that's kind of what makes it work. The source checks out. The buyers have done business with my group prior, sight unseen (not to be confused with not conducting due diligence) so neither of those two components are in question. There are several threads that suggest how we are trying to improve efficiency is already an age old practice. There are just a few innovative/nagging details (depends on his you choose to look at them) with our purposed model that we'd like to gain wisdom on before inevitably going through the process and potentially learning the hard way. What I do know for sure is we aren't not do we plan on violating any DRE laws. Looking forward to your wise response, and thank you again! 

Quick facts, I am not a Realtor or Brooker. I conduct all business under my llc. Also I have used the online source referenced below a few times so I know they are legit. My seller is often a bank. My buyers pay cash. 

Scenario: I allow an online resource of discounted properties to put a $2500 hold on my credit card to secure the properties they have available. In a new procedure I am instituting with my end buyers (my investors typically buy sight unseen or they compile a thorough DD packet using free resources) I want to now require that they open escrow to cover my $2500 (should they get cold feet and cause me to lose my $2500 as that is the consequence when my offer is accepted through this resource and I don't purchase) as well as my $3,000 fee ($5,500 total ) and within 72 hrs of the cash offer being accepted, open escrow for the property purchase payable to the seller plus 1 percent payable to my LLC.

Believe it or not all fees and cost are transparent on my end,  and my buyers are aware i don't own the property. I just want to avoid someone waking up one bad morning and deciding not to pay me. I do not expect to touch ANY funds until the deals closed. 

The first escrow is to protect my $2500 investment. Where as long as they purchase as contractually agreed once the offer has been accepted then I'm in no danger is losing my funds, my 3,000 fee is only refundable should the seller change their mind on selling us the property. 

Am I over complicating this? Should i just be opening escrow for purchase with my seller and opening one between my buyer and myself to save the buyer from them having to open 2 escrows? 

Any special contracts i should be using for either? How concise and laborious can escrow instructions be?

Since writing the above I've done quite a bit of research,  and considering my seller are Banks,  and my buyers are cash,  and I have to put up $2,500 (which i don't mind doing,  i consist it skin in the game) before the seller will make a decision to accept my offer,  if they don't accept, and i don't successfully counter my finds are released. If they accept and i don't complete the purchase due to my buyer having a last minute change of heart, they keep the $2,500.  

As far as my profit,  in a perfect world is key then open escrow directly with the bank as long as escrow would adhere to instructions to pay my company out or margin as consultants. I even considered a limited joint venture option. We want a simple, transparent, quick, automated system in which or buyers can benefit from our work ethic and Internet savvy.

Ps, the only dumb questions are the ones i don't ask

Thank all who reply