All Forum Posts by: Priscilla Z.

Boys will be boys . . . . ...

Jon...I signed up yesterday too! So far, so good. Put in my first offer with his POF....got counteroffered already but you know, that's the name of the game!

David...as far as my review....so far, so good. Everything has been easy to use, as I told Jon, already used the POF...so easy! I'm registering my two domains for IFlip tonight and as soon as I have that up and running I will let you know how it goes!

I don't know if I'm posting this in the right forum but I'm sure Joshua or one of the moderators will guide me if I'm in the wrong place.

I got a lead on a house today that JP Morgan/Chase owns. It was foreclosed on back in April...the numbers so far sound good so I want to get a hold of the realtor that is going to list it so I can put in an offer as soon as it goes on the MLS.

Yes, I looked on their website. Yes, I looked on the county property appraiser, tax, and public records. That's how I have my information. It is not on the MLS yet. Called Chase, couldn't tell me anything, but I'm not convinced that they had no time for me, I was probably talking to the wrong department.

I've been creative in looking for this property, trust me....I know how to work the internet and phone. Is there anything else I can do? Anyone associated with JP Morgan/Chase (I don't think I'm that lucky)?

Ideas...anyone?

As I was reading through the forums last night I saw someone ask about an "automated" system for your website that you can capture leads or to be used for your buyers list. As we know, there are a lot of automated systems being SOLD out there, but I wanted to tell everyone about a FREE tool that I use.

It's a website where you can make documents, forms, applications, all sorts of things. I use it for my buyer's list, and now I'm adding one to collect leads on houses. You make your own form, with the fields you want, and it puts it in a database ONLINE...you can access it from anywhere.

If you want to check out the website it's

creator.zoho.com

If you have a gmail or yahoo account you can just use that to login. If you want to see how I use it check out my webpage and click on the "cash investors" or "wholesalers" links.

If you have any questions I'll be happy to answer! Just wanted to share something FREE!!!!

Jawsette, thanks for the input....however, I have done my research on transactional funding. The program I'm talking about is not just about the transactional funding. They offer an automated system to collect leads on deals as well as to increase your buyers list. They charge $1,000 they call it a "deposit" and they refund it to you when you use them to fund your first deal. They charge 3%.

David, I emailed the company yesterday and asked if there was a minimum fee like other companies have, you know, anything less than $90,000 for example has a minimum fee of $2,500 or so forth.

They do not. It's 3% of WHATEVER amount you borrow....which works great for me. The market I'm in, and the deals I work with are usually less than $60,000. I'm working on a $10,000 one right now, so I would only end up paying $300 to use their transactional funding, and that would be taken from my deposit, so I would still have a $700 credit for my other deals.

I'm ALMOST convinced.....have you found anything else out?

Sergio, it's normal to be frustrated. DO NOT GIVE UP. Surround yourself with people who won't let you give up....watch webinars, read articles, spend A LOT of time on biggerpockets....people here are GREAT. Every time I feel myself getting frustrated I spend a couple of hours reading on the forums, it helps a lot. And, do not be afraid to ask questions. I've learned a lot from everyone here.

Hi Sergio...something I recently learned was to look for houses with realtor lockboxes on them but with no for sale signs in the yard. These might not be on the MLS yet. You could then search the county's tax rolls, find the owner's name (in most cases they are bank owned) and call the phone number listed. Then ask for the realtor's office that is handling that property, and call them to inquire about the property, sometimes it is not in the MLS yet and they already know you are interested.

I did this already and am in the process of putting in an offer on a property that I have been watching for a LONG time! I just hope they accept it!

Good luck...

Hey David....thanks for your input. I'm still considering it, don't know if I'm completely convinced yet.

The only question I'm waiting on him (or his staff) to answer for me is if there's a minimum fee for me to pay. Some companies charge a flat fee of $2,500 for transactional funds if the deal is less than 90K. If he really JUST charges the 3% on any deal (from $1 to 600K) and no other fees....then he might be the one for me.

Please let me know of anything else you find out. I'm also just doing my research.

I recently heard about finding foreclosed homes BEFORE they hit the MLS to get to the deal before anyone else does and make an offer to the bank. The homes that the bank already owns.

I thought of marketing this. Paying a finder's fee for letting me know of houses that have recently been foreclosed on and that the bank now owns (either theirs or someone's they know, or just one they see in their neighborhood).

Would this be legal to advertise? I don't want to do this, put it on my webpage and then get in trouble....

I'd appreciate any advice...thanks!

I just saw this program on two webinars last week.....Cameron is offering transactional funding and charging 3%...and POF's, and the Iflip program to generate leads on houses (via birdogs) and to increase your buyer's list.....

Has anyone tried this? Can I get some reviews before I spend the $1,000 on this (even though it's a deposit and I get it back after he funds my first deal...)

I'd appreciate any input I can get. Thanks!