But online classifieds, newspaper classifieds (if they still exist) and FSBO sites are all excellent sources of deals.

EXPIRATION OF OPTION:This offer to sell shall be deemed expired if not accepted by exercise during the option period.This option contract shall automatically terminate by expiration on _____________, 20______.I hereby grant this option and agree to the termsstated above.Date: _____________, 20______Optionor: ______________________________________Signature: _____________________________________Signature: _____________________________________Address: ________________________________________________________________________________________Phone: _________________ Fax: _________________Email: ____________________________________________OPTIONOR’S BROKER: _________________________Broker's DRE Identification #: ____________________Agent's Name: ________________________________Agent's DRE Identification #: ____________________Signature: _____________________________________Address: _________________________________________________________________________________________Phone: _________________ Fax: ________________Email: ____________________________________________I hereby accept this option and agree to the termsstated above.Date: _____________, 20______Optionee: _____________________________________Signature: _____________________________________Signature: _____________________________________Address: ________________________________________________________________________________________Phone: _________________ Fax: _________________Email: ____________________________________________OPTIONEE’S BROKER: _________________________Broker's DRE Identification #: ____________________Agent's Name: ________________________________Agent's DRE Identification #: ____________________Signature: ___________________________________________Is the agent of: ____ Optionor exclusively. ___ Both Optionor and Optionee.Address: _________________________________________________________________________________________Phone: __________________ Fax: ________________Email: ____________________________________________

The owner of the property listed on the MLS has a contract, usually an exclusive contract, with the listing agent to market their property.

I'm looking at financing to get going on my first flip done exclusively by me.  

Remember the seller is depending on you to solve their problem - they also have rights - a right to sue you for misrepresentation, a right to report you to the state for acting as a real estate agent without a licence - you don't want the real estate commission investigating your activities - Think carefully on how you intend to find an assignee ----Will you listed it - put the property on the internet - stick a sign in front of the property - make flyers and distribute them in the neighborhood - have open houses - run ads in the newspaper - go to your buyers list - ??

This could be newspaper ads, bandit signs, direct mail, networking, websites, e-mail blasts, social media posts, etc., etc.... 

We have exclusively invested here for three years and have been very fortunate to bolster our portfolios.

You cannot 1031 primary residence but you can get the other exclusion for homeowners. 

There are times when a seller is trying to avoid commissions, agents and other cost - and that's OK if seller is for real.The seal bid methods have certain rules to success -expose the property as much as possible - signage - newspapers- internet -Have contract and terms at the ready for those interested to review them befroe bidding.Comps and pictures on a tri-fold stand should be present for all interested parties to view.Hold several open houses - lots of advertising.Agree to cooperate with real estate agents - they often will inform their clients to bid.Check the terms - as is, all cash, will take financing contingencies - seller agrees to -(help with settlement costs, leave the car and the furniture, contribute $5,000 to buyer, guarantee  appliances and furnace and roof for X years ----etc) We call this Contract Candy.Don't be shy - ask seler to contribute something if you are the high bidder - ask before bidding.Observe your competition if you canTalk to neighbors - there are times when the neighbor will tell you all about the house and problems the seller has had in the past.Have friends and paid agents assist you and look at the house and to listen for clues of motivation.Get all the information about everything you can....Why do you think the real reason the seller wants out - has he done this before or is just a creative seller?

The auction advertisement (often displayed in local newspapers for several weeks prior to the sale) identifies the instrument being foreclosed... by date, original amount and recording info.