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All Forum Posts by: Laura Alamery

Laura Alamery has started 251 posts and replied 514 times.

Post: wholesaling with no money down

Laura AlameryPosted
  • Investor and RE Mentor
  • Miami, FL
  • Posts 560
  • Votes 218

I agree, build a buyer's list first - then you will know what the buyers want (area and price) and then you can look for properties. I call it the Reverse Approach. Also you want these buyers to be cash buyers, so you can flip the properties to them with no money from you (you will use a Transactional Funding lender.) Good luck!

Post: New to REI - Need Guiding Light

Laura AlameryPosted
  • Investor and RE Mentor
  • Miami, FL
  • Posts 560
  • Votes 218

I agree with you, Peter. Also looking on Craigslist under Real Estate Services. Assertive and "Open Minded" Brokers tend to advertise there :)

Post: Bank Wants Listing Agreement

Laura AlameryPosted
  • Investor and RE Mentor
  • Miami, FL
  • Posts 560
  • Votes 218

Try to send to the bank a commission agreement with an agent's name on it. Sometime you can get away with that. The reasoning for the bank in wanting a listing agreement is that they need to show to their investor that there was a public effort in selling the property before tying it up with one buyer. The bank knows that it probably will not be listed: I have sent listing agreements in the same day as a sale contract. The lenders just need to cover their back.

Post: Short Sale Negotiators must be licensed?

Laura AlameryPosted
  • Investor and RE Mentor
  • Miami, FL
  • Posts 560
  • Votes 218
Originally posted by Danielle C.:
Hey all,

Out of curiosity, is this a newer requirement? If so, do you foresee this type of requirement spreading nationally? Obviously, I hope that wouldn't be the case, however with Short Sales, who knows what long term future holds... you've just got to roll with the punches I suppose!

Thanks,
Danielle

It seems to be more widespread on the East and West Coast. We are still safe in the Midwest :D