All Forum Posts by: John Jack R.

@Jonathan Giglio I read your rant. And the first thing I think of if you really want to invest in real estate why are you listening to other people? Unless they are giving you solid practical advice that you could apply to your trade craft; you should close your ears.

In 2012 with the real estate Crash still crashing, I met with some hedge funds in Newport Beach. All those guys kept telling me was don’t talk to me about real estate. Really? Meanwhile this investor out of Scottsdale Arizona was buying up ready to build lots at 12 cents on the dollar. Do you think he’s making money now? There is never a wrong time or a right time to get into anything. So when the market is skinny and deals are tough to find does that mean you’re gonna go wait on tables at a restaurant? Or, will you continue to work at finding deals? Just just means that the pie became smaller and you have to become more efficient and work harder and smarter than everybody else that’s all don’t listen to all those stupid ****s!

Joe S. I posted the solution further up here it is. 

To help everyone out here. A contract can be treated rather much like a commodity, if you hold/own the contract you control the property. And as to individuals talking about exploitation. Then maybe Realtor should be barred from buying property from their clients. I talk to realtors all day long who say that they are Flipper's also. Many of the flip opportunities I see listed on the MLS are properties purchased by a licensed realtor who thought they would get into the flipping game and learned to their cost they really did not know everything.

In the broader sense of the term, relating to trust law, a trust is a centuries-old legal arrangement whereby one party conveys legal possession and title of certain property to a second party, called a trustee. While that trustee has ownership, s/he cannot use the property for herself, but holds it 'in trust' for the well-being of a beneficiary. Trusts are commonly used to hold inheritances for the benefit of children and other family members, for example. In business, such trusts, with corporate entities as the trustees, have sometimes been used to combine several large businesses in order to exert complete control over a market,[1] which is how the narrower sense of the term grew out of the broader sense.

Source is Wikipedia

Yes I do as well. The question is Larry if the seller, generally speaking that the property owner but the listing realtor agent doesn't except assignments or and/or assigns, What is the solution?

To help everyone out here. A contract can be treated rather much like a commodity, if you hold/own the contract you control the property. And as to individuals talking about exploitation. Then maybe Realtor should be barred from buying property from their clients. I talk to realtors all day long who say that they are Flipper's also. Many of the flip opportunities I see listed on the MLS are properties purchased by a licensed realtor who thought they would get into the flipping game and learned to their cost they really did not know everything.

In the broader sense of the term, relating to trust law, a trust is a centuries-old legal arrangement whereby one party conveys legal possession and title of certain property to a second party, called a trustee. While that trustee has ownership, s/he cannot use the property for herself, but holds it 'in trust' for the well-being of a beneficiary. Trusts are commonly used to hold inheritances for the benefit of children and other family members, for example. In business, such trusts, with corporate entities as the trustees, have sometimes been used to combine several large businesses in order to exert complete control over a market,[1] which is how the narrower sense of the term grew out of the broader sense.

Source is Wikipedia

OK so I've been buying and selling contracts, flips etc. for about three decades and I run into this from time to time. I've developed my mechanisms to get around the non-assignable component. In some instances as in short sales, or bank REO properties an assignable contract won't be accepted, so, what is your work around? Let's share some ideas! Thanks.

@Ki Lee most powerful way of selling is in person face-to-face, next to that is the telephone, then text and all the way down the line. I will use any avenue to try and reach someone including driving to their office and knocking on the door if I can or have a third-party do that. Federal express and certified letters work too. You are looking to get someone’s attention. But once you get their attention what’s your pitch?

Hey guys I just say I can I add a link here, but if you go to my blog I just published more on the subject and within that blog there is a link we can go to my website and download the cup selling system I hope this helps. I am a flipper not a writer, so I use speech to text because my keyboarding is **** so excuse the occasional nonsensical word or phrase. 

C-U-P-S

Oh also please contact me directly to receive a copy of my cups selling system. Apparently I cannot add a file for you to download.

I'd like to thank everyone for their input. Perhaps I did not frame the question properly. The point of trying to make here is that we all at one time or another or purchasing properties directly from the homeowner or the owner of that property. The general public we know use Zillow and other Realty website such as redfin and realtor.com to showcase real estate. These websites by design create one is commonly referred to as pull through marketing. Consumers use these sites to see what's available and what their money can buy. It's been my experience that Zillow is wildly in accurate, especially when it comes to valuation. So when a consumer uses Zillow to "set the price" of their property, how do you respond?

@Steven Wilson don’t pay too much!