All Forum Posts by: Account Closed

call when you can 

Ask the seller to give you a loan. 

Ask for a lower price, assign you deal, make profit.

Control and Roll for fast profit. 

Ask seller to take back 20% with no payments for 6 months, borrow 80% soft money loan. 

Get relative to give 20%, borrow balance. 

Control now, with right of possession, delay set to for 12 months. 

Offer more, make seller your partner - sell after improvements, split profits. 

Thank you for the kind words. It is sad that there are bums out there pushing useless information about real estate investing. 

Charles 

The agent you select - should be good at what he or she does - questions to ask --

• Can they tell you the CAP rate of a property at the existing price - can they explain what a CAP rate is?
• If they offer you a 20 unit building for $1,000,000 and you want to buy it a a CAP rate of 8%, how much should you offer if the NOI is $30,000
• Will they give you an APOD on properties offered (annual property operating data)
• Will they represent you - or the seller? 
• Are they a CCIM
• Will they represent you as a Buyer's Fiduciary Broker?

Your post about lending money is almost unbelievable. I have been in this business for 48 years and the offer you are publicly making is very generous ---- so  

I agree with everything Dolores Waldron said.

Jerry - great post l- thank you for sharing this valuable information - 

I am going to use your advice to start networking with others using the marketing place section of BP.

At 74 years old now - an investor and developer and an auctioneer - I have so much to share with others - I am considering developing an auction control and roll network nationwide - to train other investors to become auctioneer associates.  This is a great addition to an investors multiple streams of income - being an auctioneer associate opens many doors to more cash flow and more leads.

For 24 years now I have been selling properties (houses, commercial and non-conforming properties) using our real estate auction company - I gave up general brokerage a long time ago in favor of the auction business - with the auction business we sell properties fast for all cash and no contingencies. 

The auction method of selling is perfect for fast assignments (also known as flips or wholesaling).

I look forward to talking with you soon.

Charles

Don't make an offer on any property until you look at 50 houses in any given area, keep a journal with detailed notes, with the listings, pictures write down all details, dates, comments of sellers and agents ---- and move on to continuing looking at listed - expired and FSBO's. DON'T MAKE AN OFFER!

By the time you finish your review and inspections of 50 houses - you will have a thorough understanding of the market values - you will be smarter than most agents in the area - you will not be fooled by agents or sellers - you will be in full control.

When you are ready to make an offer - you will know that you are making that offer with the pure intent of creating equity or cash flow.

All you need do now is to learn how to Control and Roll - using the auction marketing system to liquidate the properties you control.

Be patient, take your time - don't let anyone push you into making an offer.

The 50 HOUSE RULE works - you'll see. Sit tight on your money until you are absolute sure that you are making the right decision.

I get about 60 leads a month from the internet and another 15 - 20 from radio advertising - we have 10 associate calling these leads and sending out DocuSign contracts  automatically with a cash offer subject to a few things - we flip these properties by auction.

Another program I am working with in other states; Dallas, Maryland and Jacksonville Fl., is radio advertising where my partner in those states pays for my ads that are run on the local talk radio stations - when leads come in - I take the calls - negotiate with the owners and my contact does the comps and hand delivers the offer - we than sell the property for all cash using our marketing system. This is a great way to earn cash flow or equity with very little cash out.

Stating that you have $500,000 should bring you many folks who would like to separate you from all that money - be very careful before you give up any of your cash!

Just remember if you can make money without money - you'll get super rich with money - do not spend your dollars on real estate - CONTROL properties first - learn creative and advance creative techniques and contract clauses and you'll do well.

Understand that this reply is not a solicitation to represent you in anyway - have fun.

Charlie 

I use a "Skinny Contract Offer" about 40 times a month nationwide - I am a broker and auctioneer - but I prefer representing myself for equity profits rather than earning the little commissions that agents finally get after busting their butts with sellers, mortgage companies, other agents, appraisers, your broker, underwriters and turn downs.

You have the freedom - even if you are a broker to represent yourself anywhere in any state without fear of violating any laws (period!). 

My Skinny has one out clause - that's all you need - one page contract that works like a charm - I use it all the time. 

"This contract is contingent on third party assignment during the life of this offer............." 

I am not selling - but telling - I teach this in my Control and Roll system - 

I also use the "Hybrid" cause - this creates a limited partnership with the seller.

Thank you all for your positive comments - at 74 years old - I feel complimented - thanks.