All Forum Posts by: Manfred Schaefer

Welcome to BP Lynette! We are here to help, share and work together.

I find the hottest zip codes to invest in but I'm not sure how to approach the buyers agent listed. I want to present my deals directly to the cash buyer and build my buyers list but would I be too forward or unprofessional to approach the agents directly?

Any feedback would be helpful.

Manfred

Mondays are no good for me.

Hi Neighbor!

Welcome to BP. Lot's of great articles and podcast to help you here.

"Transactional Funds" make it easiest for a new investor to get those first couple deals done.  Transactional Funds lenders require a double close in order to fund new investor deals. I think that is the way @Curry Forrer is trying to go. Please correct me if I'm wrong Curry.

I hope that I am in the right forum category for this post...

Last night I went driving for dollars to find some deals.

My wife and I where looking for properties that looked abandoned or unkept, at the very least. Properties that didn't have for sale signs out in the yard but were clearly empty.

I returned to my office to a property search using a third party data site that is suppose to have all the information for that property available for a small fee.

Well, I thought I would save a lot of time to use them, than to spend time trying to navigate the county site. Boy, was I wrong....

I entered the property address expecting that I would receive a report on that property. It was only $1 for the report, for a first time user. I received a "report ready" notice after the site took 5 minutes to generate database information. So, thinking that I have a report to view, I paid the $1.00 fee. After entering all MY information at check out, it asked if I wanted to add reports like, Home owners name, land value, sale price history, etc.

Isn't that what I was suppose to receive for the $1 report in the first place? I went and added the home owners name to the report for an additional .25 cents, not bad but should be included. I went through the checkout and declined the premium $20 monthly membership for 25 reports per month. Not bad, I thought, if this report is good. I would sign up for that.

OK, so I get to the final checkout screen where my card was charged and my report should be ready for down load..... Not so much! My screen says that my address was not in their database. Now , remember, It said that my report was ready before I even entered my payment data. They did let me run an additional report for another address since that one was not available. I did just that. Low and behold, that address was also not in their database.

Customer service was very nice and friendly. Without delay, I was refunded for my payment.

Now, I am off to the county records website and just get it done for myself. I just wanted to share my first experience with such a service with you.

Manfred Schaefer

To get a property at Wholesale, not retail, you need to market off of the MLS with yellow letters, etc.

It improves the profit margin and saves you a lot of money via commission savings that can go into the reno.

We are all here to improve and succeed in Real Estate Investing.

Most of us have full time jobs while investing part time in real estate.

So, What is your full time money maker?

I am a truck driver and Custom T-Shirt Printer.

You can get started with "Options" for little to No money. Just have to get a property contracted with an option to purchase and then just wholesale the deal. Call FSBO's in your City and ask if they would consider renting if they can't sell.

You will get lots of NO's but keep at it and you will succeed.

Good Luck,

Manfred