All Forum Posts by: Account Closed

I think of my business as a viable way to help people who may really need my service. Whether they're facing foreclosure or can't afford to dump money into repairs, it's a different angle than thinking of yourself as  vulture. Additionally, I would try not to internet stalk people beyond what you know is appropriate. At the end of the day, it's about the numbers if a deal is going to go down, knowing that they had a death in family wouldn't make a difference in what their bottom line is, so why should you care? I would try to keep it professional, offer your service and see if the deal works. 

I have a list of approx 50, only of which 5 are always looking, have cash on hand and can close in a week. I would recommend finding at least one buyer, then find a great deal that fits their criteria. If they want it, great! If not, put the deal here on the BP marketplace. You'll find a whole bunch more cash buyers, and now have more people to go find properties for. You should always have an investor in mind when making an offer on a property. If it really is a great deal, the cash buyers will make themselves known!

This needs to be posted in the Pro Investor Marketplace

I know this is legal in CA, because my mom had a ESA which happened to be a Ball Python. They are surprisingly clean animals, so if you're worried about it in a rental you shouldn't be, they're not destructive like dogs can be. 

Originally posted by @Brandon W.:

@Account Closed

Thank you for giving me some advice on this. I will make sure I have an assignment agreement if I go that way. I have put together an email with a description and comps but I didn't do the pictures. I'll have to remember to do that next time. I was wondering if you could give me more insight on how to put together a double closing. Also how do you search for buyers on Craigslist?

Thank you for your time and advice. 

I honestly just do a search for "cash" on craigslist about once a week, and I've come up with a lot of Cash Buyers, or you could search for "investor". They make themselves pretty easy to find. 

If you are planning on assigning the contract, first the buyer will probably want to see the contract because they would be filling your shoes and will need to agree to any contingencies in your contract. But I wouldn't just email it out, have a cleaned up version (no personal info) ready for if a buyer wants to see it. Also, when assigning a contract the buyer will see what you're making. You will need to fill out and sign an Assignment of Contract which lists your fee.  Secondly, if the house is any type of foreclosure you will probably not be able to assign it. This is where a double closing comes in.  Personally, I have a ConstantContact account, and whenever I have a deal I put together a pretty email with pics, numbers and comps. I also instruct the buyers to contact me directly via phone. I found my buyers through craigslist and here in the BiggerPockets pro marketplace!

Hi Mike and welcome to BiggerPockets. There is a wealth of information here, enough to keep you learning for quite some time! I'm a local wholesaler here in Mckinleyville, and I'm glad you like it here so much. Please keep in mind that even though it may be medically acceptable here in CA, marihuana is still federally illegal and probably should not be discussed here in a REI forum. If there's any way I can help you while you get started, please let me know.

Oh if you have your real estate license then listing your deals on fb shouldnt be a problem.  Maybe make your listings page a private group and only invite the investors or cash buyers you want to see them, that way you won't offend any sellers who see your posting. 

This is a very interesting idea, something I think I'll try for lead generation. Maybe in about a month we can compare notes and see how it worked.

I don't think it's a good idea to "list" the properties on fb though, could run into trouble like Steve mentioned. 

Let me know in the future how it works out!

Originally posted by @Stephanie Dobbs:

Originally posted by @Account Closed:

My failures have 100% added to my success. With every deal that fell through, I gained a little knowledge and confidence. I really showed myself what I was made of! You would be surprised what a roller coaster this is. Never ever give up and never stop learning! 

I can tell you have an excellent outlook on life and investing! How did you gain confidence when deals were falling through? I am amazed at your persistence, please share! Thanks for posting!

 So I had to go through multiple bad deals that fell through before I found The One (my first deal)!  Through every one of them I both learned something and found a new piece of myself that reaffirmed that I was made for this. (Sounds a little cheesy, I know, but true). Not only are you learning the nuts and bolts of the industry through every failure but you are learning how to walk the walk and talk the talk.  My family doesn't even hardly understand me anymore when they hear me talk to RE agents, Contractors, or buyers. Eleanor Roosevelt once said, "women are like Tea Bags, you never know how strong they are until they're in hot water". Put yourself in hot water every day, and find out how strong you are!