All Forum Posts by: Account Closed

Check the AEGIS paper - look for ads for rentals - call them to ask for a referral - how many  tenants do you need to manage? 

The MDREIA  - the next meeting will be the first Tuesday of August - The subjects will be Formulas how to use any one of 50 formulas to control - buy - flip - real estate.

you should spend your money on getting an education or working with a mentor until you can take your training wheels off you investment education

Happy to help you

If your intentions are to flip real estate - the only money you need is for advertising your controlled property (to find the deal and to liquidate it)- that should be no more than $2,000, maybe $100 consideration on your contract.......Unless you are going to go to settlement first and than flip the real estate paying unreasonable transaction costs.

Do you have the needed skills to accomplish what you want to do -- like it or not - flipping houses has a bunch of moving parts -

• Power prospecting - where are you going to get your leads
• Negotiating - do you know how to control properties
• Hybrid offers and joint ventures with sellers
• Understanding contracts is important - will you use a long form or a skinny contract
• Assignment clauses - will your agreement have all the property and self-serving clauses in it.
• Built-in extensions
• Find the assignee and closing the deal - do you know what the proper procedures are - will you collect your assignment fee in advance of closing
• Are you ready with the what if (s)

1. the assignee backs out and wants his money back
2. the seller won't come to settlement
3. the seller wants out or wants more money - he is angry because you made too much money
4. the title company will not cooperate because you don't have legal title
5. auction - will you flip your transaction using the auction method
6. an agent wants a fee
7. the seller accuses you of operating as an agent without a license 
8. you run out of time on your contract, you are in default - the assignee wants to sue you for misrepresentation 
9. there is a fire before settlement
10. your forms; contracts - assignment - disclosures - required by law are not in order - can you defend your position
11. if you go into a deal and spend $5,000 and it won't close due to judgments the seller forgot to tell you about - what now

Sorry for all the negative What if's........ but we are dealing with people - they are complicated sometimes - unreasonable - and litigious most of the time.

So be aware - flipping houses, commercial properties, businesses with real estate and non-conforming real estate is not as easy as some would have you believe ---

Money - is not the answer -------- systems - techniques - formulas - negotiations and education is!

Buyers list -

I will go where the deal is. Call anytime. 

OK - I am ready for that list ---

I am not exactly in Oakland Maryland but I control real estate in many counties of Maryland and the US--

My business is in Baltimore - I reside in Glen Arm Maryland -

What would say or do if you found an investor in the Oakland Md area? 

Just curious ----

I have been working the tax sale market now for many years and have done well - I work a program called "Tax Sale Poaching" - I don't care much for competition - so I poach tax sales owners where the certificate has been sold or advertised for tax lien sale - I take the time to track them down - when I find them I offer them several proposals - 

• I'll buy their property -
• Or control their property -
• Offer to auction their property
• Do a partnership deal with them - (called hybrid auction sale)
• Loan them money to pay the back taxes - secured with options or pay-back dates
• Take an option to purchase the property with a buy back agreement
• Consult with them - let them know their rights and options
• Manage the property - rent it - share in the income
• Be a broker's broker for them ( Broker's Broker selects and supervise the best most qualified agent to list the property for owners. - This is best for the seller since the Broker's Broker understands the culture of real estate agents, can interview them and determine their success rate in working on certain properties and with clients and their motivation and can questions them in terms understood by agent and Broker's Broker --- Sellers should not risk listing their property with a new agent or an old agent doing all the convenient and unprofessional ways from the past.

There lots of ways to make money with tax sale situations - glad to help - hope this gave you some ideas -

"Real estate investors ----- Be different - be bold - go where others don't - talk with sellers daily - profit from your games, get out of the line of conventional learning and keep it simple."

Charles

Your business plan in my opinion is too conservative - if you were my client - I'd do a cooperative radio advertising campaign with you - using ads that work and run them on talk radio shows - you want sellers who have a distress situation - an ugly property - motivated - house with problems - back on payments -

These sellers are sometimes embarrassed to call an agent - they may be hoarders or have lots of problems with their financials -

They will call you expecting a quick sale in as is condition and guess what - that's what they'll get and you will make money. 

I am not selling --- I'm telling --- Had a client in another state - she paid for the advertising on the radio - all leads came to my 800 number - I interviewed the prospective seller - my client inspected the property and reported to me - I send an offer and we would have an auction within 3 weeks. Nice system - it may take a little while to brand the commercials - but when that is accomplished - the calls come like crazy.....