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22 October 2017 | 11 replies
So --------------- here are some tips once you get that license ----hang your license with a small agency - let them know that you are more interested in investing than chasing listings and buyers.attend public auctions (learn that culture) meet the real investors - the ones with talent - money and skills - let them know that you will refer them FSBO's, you will make offers for them on unlisted properties - that you will supply them with current and more importantly expired listings and bank salesunderstand and learn how to be a "Fiduciary Buyer's Broker" - this is a system of getting paid on unlisted properties - as a buyer's broker you can make offers on their behalf subject to their approval - let them know this is an auto-pilot program that will accelerate they profits in this business. get a written outline of what your new investors are looking to buy - how much cash do they have - how fast can they make a decision on a great deal - do they want to hold or flip - learn how to counsel - take it easy - take time to know and understand your new client - don't rush to try to sell them what is listed - let them know that you represent them - get them to share their goals with you - let them know you are willing to partner with them on some transactions learn creative financing - impress you client with your knowledge of the real estate investment business talk about and explain some of these concepts ----Delayed settlementNothing down transactionHybrid offersShow them what a Skinny Contract offer looks like - compare it with a standard offerStudy contracts - understand commercial - land - lot and business contractsExplain contract clauses that you will use to benefit them - like delayed settlement - substitution of collateral - right to assign - simple out clauses - seller financing terms and methods - first right of refusal - automatic extension without renegotiating - delaying tactics - right of possession - 1031 exchanges - portfolio combing - joint ventures - tax sale investing - creative foreclosure offerings and how to profit from public auctions.You don't really want to education your clients - but you want to impress on them that you know what your are doing.Once you acquire 3-4 happy clients ask for a up-front retainer for your services - most will be glad to do this since they will see you as a PROFESSIONAL - you know real estate agents are the only professional that don't get paid until they perform - be different - demand respect - be better than other agents in your community ---- BUT don't be a conventional agents - don't drive suspect around to look at properties - stick with investment properties and learn how to sell high end commercial properties.It took me many years of seminars, books, tapes - school of TRIAL and TERROR to step away from the agency stuff brokers try to stick you with - BE YOUR ONLY PERSON - be a knowledge - honest representative to investors - that's where the money is ------And they will come a time sooner than you think that you will BE YOUR OWN CLIENT!
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4 October 2017 | 8 replies
(Chase Plaza Condo Assos V.
4 October 2017 | 2 replies
Probate leads are always great leads to chase after!
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9 October 2017 | 14 replies
I have a tenant for almost 2 years that never pays on time. every month I need to chase him for rent and its getting worse and worse. last month he paid on the 22nd and disregarded my request for late fees. my conflict is that he does pay the rent at the end and replacing tenants is costly.
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2 February 2018 | 10 replies
Cutting to the chase: The seller gave me the money that actually belonged to the tenant.Interesting fact: The judge had a question regarding my ability to win in court because, as she say it, I may not have been the proper litigant for the tenants' money.
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5 May 2018 | 48 replies
I may send a mortgage payment for a conventional loan to Chase, but the real investor is most likely Freddie Mac, Fannie Mae or someone else.
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28 December 2017 | 5 replies
Bonded says everything that they can stand behind what the contract says, if they don’t, the bonding company will do it for them, then the bonding company can chase after them.
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22 December 2017 | 4 replies
Originally posted by @Chase Gochnauer:Originally posted by @Cathie Kovacs:If you’re using Quickbooks Online, you can use their mobile app for this.