All Forum Posts by: Jonathan Greene

@James Kojo - You should be giving an updated proof of funds with every offer to beat all the other who don't or won't due to "privacy concerns." If you want to buy houses for cash you want to let people know you have the money to do so. As @John Hickey said, once you show them that you are serious, they will come to you. You have to be as transparent as possible and that will help everyone know that you come through and you have the cash to close quickly.

On the agent side, when I am a listing agent and I request a proof of funds for a cash buy and there is any push back, we don't even look at the offer because a cash offer without a POF is not an offer, it's a piece of paper. As a buyer's agent for my investors, I ask them for a proof of funds up front, before I start doing all this work finding foreclosures and off-market opportunities and using my resources to help them. I need to know we are in it together and that when I call with an off-market property in their desired area with a solid ARV, they will be ready with funds to show up and close.

@Bryan Mitchell you will never get direct access to who controls the property if it's been on Hubzu. They will probably re-list with a lower reserve or send out for more standard MLS driven REO listing.

@Jared Viernes - you are there to help solve a problem for the seller if you are a buyer or buyer's agent. You want to get the best deal, but to do the most service and create that win-win of course so when a seller is telling you they need to get out, you find out why and how you can help. With the first agent, you just ask if their client has authorized them to give you all of this information. Maybe they have and there is a reason.

@Jasmine Williams - If you want to understand a better way of using your sphere to generate business without excess costs, read The 7 Levels of Communication by Michael Maher. It will point you in the right direction of relationship building. The first question I would ask you is what are you bringing to your sphere of influence right now that would make them want to do business with you, other than the fact that you are friends? Are you giving them market insight, finding hot deals, finding out what they need in their home and helping connect them to the right person... 

In regard to Zillow and online leads, the majority are long-term leads and garbage, but if you call every lead you get from Zillow or Realtor dot com back in one minute and then follow up every day for a week and then every other day for a month, it's pretty much a guarantee that your ROI will be phenomenal. Most agents quit after one phone call.

@Jared Viernes - the longer you are in the business and the more clients you deal with, the more you will find that many sellers are difficult and many sellers do need to get rid of properties at all costs. As long as it is approved by the seller, the agent can make those representations to get a quick deal. In regard to the second one, some sellers want to be there, some sellers want to field the calls for showings, some sellers can't stay out of the business and don't think their agent is ever doing enough.

If you got your license to invest and you have two sets of owners desperate to sell, the question is: did you acquire both of these properties at a price that works for you and solves the owner's problems?

@Jonah Richard - my 203k lender referral has reliable contractors that understand the 203k portion and they help manage it together to make sure it stays on track. PM me for info and I will send you their contact or direct to the 203k contractor.

@Michael McMinassian as said above - check with your office first because they should have a discount program. Oakley (oakleysign.com) does a lot of the heavier items and Merrill (merrillshop.com) does a lot of the smaller items for big box brokerages and for anyone.

@Joseph Rios - what would the drawback be to putting your photo on your card? Facial recognition and recall is more powerful than words.

@Joe Liu - Cole should have some of the best number info if you are using the cell phone plan. I use Spokeo and it's pretty hit or miss, seems to be about a year behind in upkeep of phone and emails, but you can reverse run by addresses, etc.

@Zora Luan - this blog post may help, just about this subject to point you in the right direction.

https://www.biggerpockets.com/blogs/10015/64388-5-...