Justin Richardson
The ins and outs of bidding on a foreclosure at auction.
5 March 2015 | 13 replies
You can register for more than one auction, but as soon as you win one you cannot bid anymore.
Pat Martin
Wish me luck!
1 March 2015 | 3 replies
When you win it, sounds like you'll have enough room to throw a party for all of us to come celebrate with you!
Katy Shearer
ownwer financing vs lease option/purchase
9 March 2015 | 4 replies
lease options are a better option for all parties.For the Owner of the property is just a lease with the option to buy not seller financing so you don't have to worry about the Frank Dodd law and for example in AZ you can evict them if it is just a lease and if it is seller financing you have to foreclose if they don't pay which takes longer more expensive.For the buyer a lease for the state written for the state will protect the tenant buyer and give them more rights and i try to do a three year term to give them enough time to get prepared to qualify for a new loan.You can still set the future price but make it a win-win for all parties to avoid problems later, also in the addendum I add if the home has not reached the set purchase price by the end of the term the term will extend up to an additional three years or until it reaches the purchase price.The owner benefits because they get the purchase price they want and the tenant buyers are living in the home they are going to own and have more time to improve their credit and save more for a down payment to get a better loan.A win-win
Teresia M.
Master Lease options how to get the RE agent to work with you
8 March 2015 | 2 replies
Realtors are your best source of business but they want to get paid just like everyone else, they deal with owners everyday that don't want to pay commissions, don't want to short sale and want a better investment.Also Realtors deal with buyers who don't currently qualify for traditional financing and they are walking away from these potential opportunities.Our company LeaseOwn Homes charge a minimum 5k or 3% of the purchase price for the option fee upfront and we pay realtors up to 50% of that depending if they bring the buyer or seller or both.Also we charge 2% per year as the balance of our option fee paid at time of purchase of the property and give the realtor 25% or 50% see above.This motivates realtors to work with you and by taking care of realtors they will give you warm leads and will help you close them.Again a win-win.
Ryan Billingsley
Great potential lead from our Direct Mail Campaign but there is a problem!
9 April 2015 | 26 replies
Being able to converse with the tenants and create a WIN-WIN-WIN is where the money is MADE on this deal!
Dan Sieg
Seller wants proof of funds before they'll accept offer
4 February 2016 | 20 replies
After explaining that I am neither an attorney, nor a realtor, and can't advise in legal matters relating to real estate, I have told sellers that I have seen others use a win-win solution to protect the seller, the realtor, as well as help out you as the buyer: They add to the contract that the the buyer must provide proof that indeed they have a qualified buyer to whom they will sell the property.
Kathleen Miles
Agent Avoidance
4 March 2015 | 29 replies
Steve had a good solution and although I dont disagree with him, Im not trying to be a real estate agent, it isnt something i want to do, i want to partner with some to make multiple deals over the long term on non performing properties that result in wins for all concerned.
Account Closed
How do I find an ACTUAL real estate investor mentor?
12 June 2016 | 17 replies
He knew about -business, -legal issues, -tax issues, -marketing, -sales, -promotion, -networking, and most importantly he knew about people (psychology).The first thing he did was tell me that you have two ears and one mouth, and y should listen more than I talk.Second thing he did was have me read "How to Win Friends and Influence People" by Dale Carnegie.