All Forum Posts by: Jaime Vasquez

Reid,

Birddog fees are completely negotiable. I charged $500 on this deal because I spent almost no time on it. I have never seen the house. Basically, I forwarded a email. Normally, if I comp, preview, photo, market, inspect, contract, etc, my fees go up dramatically. Typically, my birddog fees range from $2,000-$5,000.

Nice pay day Drenda!

We shall see. I operate in amounts I can afford to pay off even if the property doesn't sell so I have options.-Tim

I like that!

Thanks Joshua!

Jeffrey, it cost me nothing to lock them up. The seller was desperate to sell and pretty much handed me the option. My only costs was the gas to photograph the homes. I never showed the houses either, as one was tenant occupied drive-by offer contingent on viewing interior (they never requested) and the second was vacant with lockbox code.

Matt, thanks, i collected birddog fees on both houses.

Will, if i call you, it will be a great deal, not marginal or junkers like these! thanks btw!

Keep the success stories category alive! I would like to read of new success stories daily. Heres my contribution from some September deals:

Deal #1
Optioned 25K sold $27K

Deal #2
Optioned 15K sold $16.5K

NET PROFIT: $3,500 in three weeks [from option to cash out].

Here is the link to my blog post with more details and photos.

http://www.biggerpockets.com/blogs/692/blog_posts/3070

Originally posted by Jose Sarabia:

Need soures to buy REO's!! I'm a realtor and already have access to the mls. The MLS is too competitive now and need an alternative route to pick up REO's and make a healthy return. I'm out in los angeles and don't have the capital for tapes.
Can anyone help?

I agree with Will, its about relationships. Until you got some brokers that know your the real deal, you will need to find a way to be more competitive in your offers and most important, follow thru with your offers. The way you present your offer can beat other offers that are higher priced than yours. I truly believe in following thru with a REO till it closes. In other words, I look at 20 REO's, I submit 20 offers, lets say all 20 are declined, contracted by somebody else, whatever....I keep those files and check on them weekly to check for BOM's, Price Changes, etc.....they stay in my system till they close.

Originally posted by Scott Morse:

Originally posted by Jaime Vasquez:

What realtor sent that to you Scott? The buyers agent or the listing agent?

The listers agent..... I am buying directly from the REO listing agent, thats why he gets both sides of the commission. Does this answer your question?

Yeah it does. The reason I asked is if it was your buyers agent, you need to replace him ASAP. Since it was the listing agent who sent it, id follow the advice of the other responses, dont agree to it. By the way, why are you allowing the listing agent to get double commission? Im assuming its to get your contract priority. Has anybody had success with this? I have tried it and it has made no difference in my offers getting accepted.

I just closed a quick and easy birddog flip for a whopping $500!!!! I posted some details on my blog:
http://www.biggerpockets.com/blogs/692/blog_posts/3016-birddogs-pay-attention-to-investors-criteria

What realtor sent that to you Scott? The buyers agent or the listing agent?