i need help

wholesale. you don't need money to find houses that people want to buy. find the buyers, know what houses they want, find the houses, negotiate a great deal on them, get them under contract, present them to your buyers. too easy right.

It sounds as if IMMEDIATE CASH is your IMMEDIATE GOAL. Wholesaling is definitely the way to go.

The first thing you do is get a "ugly" property under contract for 30% to 50% of it's Fair Market Value from a MOTIVATED SELLER.

From there you can IMMEDIATELY ASSIGN that property to another buyer at a price that is still a sweet deal for the buyer and you get the cash difference;

OR... You can REHAB It Yourself then Sell, yet this to me is Clearly not so immediate in producing profit and depends on what skills you have a mastery in.

OR... If getting IMMEDIATE CASH today IS NOT FAST ENOUGH and you needed income YESTERDAY, then by all means BIRD DOG Properties for other wholesalers so that you are sure you are eating, your lights are on, your rent is paid, etc. Someone correct me if I am wrong, Bird Dogging does not mean you have to have a property under assignment, simply that IF The "PROPERTY YOU RECOMMEND" to a Wholesaler actually gets bought, you get a pre-determined finders fee.

As far as you being broke, no credit, bad credit, etc. does not make this process any different. Rich People use OPM "Other People's Money" based on PRINCIPLE ALONE. The difference is they are not starving. THEIR EDGE is that they have money and won't use it. YOUR EDGE is your life literally depend on you making every deal a successful one.

Key Point to remember, Sign your PURCHASE CONTRACTS with:
your name and/or assigns

Others will have ideas also. Go for the ones that hit home for you.

Big PS... I am recommending BIRD DOGGING to get you on your feet not long term. You can also do both BIRD DOG AND WHOLESALE depending on how much cash you must have to live, breathe and have a roof over your head while you prosper and master this stuff.

Also, take steps even if they are tiny ones.
Lisa

This is my first day and the aprehension is PARALYZING!! Can anyone offer any good advice?
Where do I begin finding people to "bird dog" for...the local paper??

Lisa,
I am in a very bad situation. I live in the heart of Murrieta, ca. I spent every ounce of money on this academy which i just joined because their is no work here and properties depreciated. I'm not too knowledgable nor do i know any people. Its pretty pitiful, having problems concentrating on top of it. I will be living with my parents in 2 weeks and they are in Oxnard, Ca. Today, I got the nerve to talk with a realtor (I need to brush up on my communication skills)after feeling like a fool because i didn't know how or why etc..she told me birddogging is referring a buyer setting up a contract and they (agents) would give you like $30-50 bucks. I almost had a heart attack. I know that is wrong..I have had nothing but bad luck here. Now that my credit is extended from me buying this..no job..I have to make it work like within 2 weeks. I am so screwed. You guys don't live in this area. It's the worst. Please please give me some guidance. I know I'm asking alot, any suggestion would be nice.
Sandra

Wow, 30. to 50. Dollars per ugly house is a rip off unless you are only pointing to a house and they pay you immediately for the "point" whether or not they buy the house. My research tells me that BirdDogs get 500. to 5,000. per Bird Dogged House if that house is something they were successful in purchasing as a wholesale. I hear 1,000. is typical. I'm not Dean, he would know best. I would hesitate to work with Realtors as a bird dog unless you find the right one. Not all Realtors are appreciative for your diving into their territory without a license, etc.

My recommendation is "find another realtor" or forget working with Realtors. I looked up your location on google maps, "Murrieta, Ca". Call the numbers on the signs that say, We Buy Houses. Those signs are everywhere, from street corners to free newspapers, to major newspapers, etc. Call them all, tell them you will bird dog for 1,000. per ugly house, then find those houses. Remember, some will want you to point out the house and bring back address and phone of owner, others will want you to do the first walk through and basic interview of the owners/properties and turn in that exact information.

What I am telling you is what Dean tells us all. Start by calling those "We Buy Houses" Ads & Signs. Make your arrangements on what you will be paid; what you will do to get paid and the typical turn around time for the money to be paid to you if the property is something they are buying. Document every property & all information you bring to them, have them sign for the information you provide them, like you would have them sign for a package received, it's better business this way.

Seize the day my friend. Can't wait to hear of your successes.

Lisa

Once you Bird Dog by interviewing the owner/property and get paid for your first one or two Bird Dogged Properties, it will suddenly dawn on you that YOU COULD HAVE INSTEAD "got that same property under contract and turned around and sold that same property TO THE EXACT SAME PEOPLE WHO YOU BIRD DOG FOR, through assignment". Now that is a beautiful moment. Your profit will be THOUSANDS of dollars greater than a bird dog fee of 1,000.

Bird Dogging is the perfect, empowering Jump Start for a new, eager Motivated, Hungry Investor. You will never regret having Bird Dogged. It will empower you, embolden you and give you the best wake up call ever when you realize "oh my god, I am doing 99% of the deal and getting paid as a bird dog instead of going 1% more and getting paid as an investor who sells & profits through Selling My Assignments.

I am cheering you on. Go for it. I especially recommend that you prepare your own contract that you in turn will have your wholesalers sign that says you will be paid 1,000. for each property you (bird dog) bring to them, that they buy.

I beg of you to not wait the two weeks you mentioned in order to get started when in reality, "you could be paid birddog profit in two weeks" for having made your calls now today "all for having signed up 5 Investors today (to bird dog for) & referred them properties today, tomorrow, the next day.

Remember, RE Investors who buy properties at wholesale typically get those properties by promising and keeping their word for doing FAST two day or FAST two week closings, which means you get paid cash in Two Days to Two Weeks for having bird dogged.

Most of all, you will be answering the prayers of Motivated Home Owners "today" who are at their wits end financially which is the best part and outweighs getting paid at all.

Seize this day.

Lisa

Thanks Lisa..I have been all over this place and no signs what so ever..I'll start looking in newspaper ads.
I don't know where your from, but looks like a different ball game over here.
I'll go furhter out.
Again, thankyou

To Brockton, Ma. Person
To Murrietta, Ca. Person

Here are two links to todays results of PreForeclosure and Foreclosures in your areas:

Brockton, MA
In PreForeclosure: 2794
In Foreclosures: 116

http://www.deangraziosi.com/ufiles/03-08-09_BrocktonMA.jpg

Murrietta, CA.
In PreForeclosure: 8102
In Foreclosure: 3034

http://www.deangraziosi.com/ufiles/03-08-09_MurrietaCA.jpg

Just seeing these numbers should give you a great big boost. For those of you who see no signs, all the better to start putting up your own signs. List your number in free papers if you do not have cash to pay for a listing.

Lisa

How do I go about getting a proof of funds letter for an REO deal?

Hi Lisa, I am new to Real estate investing and just ordered Dean's books a couple days ago. I don't have money or credit to work with but after reading your posts I think I would like to try wholesaling. From what I understood its practically the same amount of work as bird dogging but potential for greater profit. Am I correct? if not please get me on track. I am really nervous about getting started since I'm kinda young and taking this on alone but VERY motivated to make profit and be a success story. I lost my job in a metal shop so now Ill have a lot of time to put toward my goals although there is no money coming in currently. Is wholesaling something I would be able to do as brand new to this? Let me know my best options and if you need to know more information. I was just looking at these posts and like the idea.

Thank you!!!

Kyle

I'm new and in the same situtation with no credit and no money. I found a good realtor but the problem is that she specializes in foreclosures for her firm and they all require proof of funds. Her attitude is that of putting in a low ball bid so that part is ok but not the rest. Thanks for the suggestions on getting started. I found business cards at Visual Business cards I think the program was $19.95 and it has worked good for me.