questions to ask investors

Question what key questions should a birddog ask his or her investor and know before bringing him or her any deals? Please include even what you want to have taken care off by the bird dogger before a deal reaches you. Thanks

Edited: 06/26/2010 at 10:25AM

Rich Weese

Real Estate Investor · sioux falls, South Dakota

4293 posts
43789 Influence
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Icon_minipost Nov 06 '09, 04:44 PM

SHOW ME THE MONEY!!!!!!! No deal will happen without that being in place. then find out his needs, strategies, price range, motivation, timeframe, # of properties wanted, areas desired, etc.

Edited: 06/26/2010 at 10:25AM by Administrator : Solicitation Removed

Alfonso Valleza

Real Estate Investor · Los Angeles, California

11 posts
53 Influence
1 Award

Icon_minipost Nov 06 '09, 09:22 PM

Originally posted by Rich Weese

SHOW ME THE MONEY!!!!!!! No deal will happen without that being in place. then find out his needs, strategies, price range, motivation, timeframe, # of properties wanted, areas desired, etc.
When you have a property, and the buyer in line, contact Will Barnard on BP for transactional funds to close your deal. Very satisfying, but you have to work to get to that point. Many BP posters are doing exactly that. Rich.

Tell me more Rich. I would hope that most of the investors I deal with have money to close deals with in 7-14 days after they have signed my "Assignment of Contract" but I will be realistic and know that some of them would go through a hard money lender. So fill me in. By the way I just added Will to my contacts thanks Rich.

Rich Weese

Real Estate Investor · sioux falls, South Dakota

4293 posts
43789 Influence
15 Awards

Icon_minipost Nov 06 '09, 09:44 PM

Alfonso- have to shut down. Heading to airport . Will will fill you in. Rich Rich(just a cute play on Will will)

Shaun Steckler

Foreclosure Specialist · Lafayette, Louisiana

68 posts
553 Influence
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Icon_minipost Nov 16 '09, 11:14 PM

1) You would want to specify property type: houses, apts, etc

2) Price range?

3) Target market areas: ex: no high crime neighborhoods

4) What's the situation with the seller? Foreclosure, out of town owner, etc.

The more specific you are about what you want, the less time you will waste.

Edited: 06/26/2010 at 10:32AM

Account Closed

47 posts
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Icon_minipost Jan 20 '10, 07:23 AM

Every investor has a preference regarding the way deals are handled. For instance, you might find a variance of price range or perhaps neighborhoods. Regardless, if you want to ask investors questions, we suggest you prepare an "Investor Questionnaire". That way, when visiting on the phone or meeting in person, you would know the exact topics to cover. In addition to questions, you want to make sure you ask for the investor's name, email address, phone number, business address, and the best time for contacting them. A few examples of questions you might include on the questionnaire include:

â€¢ What is the price range of deals you look for?
â€¢ Which neighborhoods do you prefer working in?
â€¢ How many deals have you closed over the last 12 months?
â€¢ How much rehabbing do you typically do?
â€¢ How much do you generally spend to rehab a home?

Edited: 06/26/2010 at 11:17AM