$10,000 in 19 minutes!!!

That's why you are cbrpower! Nice going.

Give us more details. So we can learn from your sucess

You are the man!!!!!!!!

Way to do it, I think that's a new world record!! Or it should be if it's not.

My Man, The Man Of The Hour, The King Of Sting, The Tower Of Power, The Dancing Destroyer, well, you get the point, SULLY

Matt...I am coming to your town and watch you work these deals! Dude you are a real estate genius. You have such a gift to work a deal. Good going with this new deal!!!
That just goes to show all of us that the deals are out there. You just have to be aware al all times and jump on it when it shows itself.

As always, we are in awe!
as simple as 1,2,3.... you make it seem so effortless. Thank you.

I am looking forward to enjoying the game as much as you. I am having fun,
and haven't made a cent yet, but the anticipation is there. I am waiting to
for my Fed & State Tax ID no's. then will set up my business account, get pre-qualified and see what amount of loans I can get to start purchasing homes,
and renting them out. That is one strategy of a few I will use.

I kind of liked all of those names. Can you think of any more?

Just incredible. Congrats to you on that deal! Were the buyer and property in the same town? Do your buyers inspect properties or just know you and trust your experience as far as value, comps, etc? Thanks!

Buyer and the property were not in the same town. I had the property professionally inspected. The numbers were verified by me and him both.

You are truly an inspiration to us all! I am soooooo jealous!
Like Rina said, you make it look so effortless! Thanks for sharing with us!

Dawn

Great job!!! Would you have kept that one for yourself? You did you assign it?

That's awesome CBR! Ninteeen minutes? Wow, i'll see if i can beat that, lol. Great work and thanks for keeping us posted.

Lloyd

I would have kept it for myself but I have just closed on several other properties so my cash was a little tight until i have a few refi's done.

when you put houses under contract, are you paying for and conducting the inspection yourself? or are you leaving it up to the investor who buys it from you?

Normally Nick, thats a cost that is incurred by the "end buyer" I have NEVER heard of the investor Assigning the deal paying for an Inspection, i myself always use an Inspection Clause but, leave it up to the "end buyer", SULLY

so when you assign the deal to another investor, you are basically "estimating" the rehab costs that the investor will have to undertake? I guess the more houses you see and the more offers you submit, the easier it will be to accurately estimate rehab costs

Can anyone tell me if it is possible to assign a short sale? My offer was just accepted today on a short sale. There is about 200K in equity but I am spread to thin and can't take it on. However, I haven't read anywhere in these posts if it is possible to assign a short sale. Anyone know?

I attended a meeting last night with a group of Realtors. One of them said that he had done an assignment on a short sale. Not easy, but some banks can be talked into it.

Good Luck, Al

Hi rebecca,
I have been having a hard assigning short sales. It is possible though. you have to find a title company and lender that will allow it. I know that there are threads on here that note which companies work with assigning short sale deals.

I am currently working on building a buyers list. Its a little difficult to find some investors. Could someone give me some pointers.

I have found some good reliable investors on craigslist and backpage. Go to the real estate wanted and look for posts with headings like "we buy houses all cash" or "we stop foreclosure". These are fellow investors who are looking for properties. It is important to find out what they are specifically looking for so you can go out and find it for them.
I am slowly building my list of reliable buyers and I am having pretty good luck.
good luck

Hi Nick,

Thanks for your post above. It is a good review in a nutshell of what to do to make some quick deals and cash. Sometimes with the bombardment of information that new people (and old) get, things can start sounding complicated and confusing. A good acronym to remember is KISS (Keep it simple (stupid was the last "s" originally, but you can come up with a less offensive word for the last word. If one was Latin they could use "Senor.")

I just found an easy way to create a buyers list. I went to google and typed in "I buy houses" and received Results 1 - 10 of about 36,800,000 for I buy houses. That's 36 MILLION HITS. You can narrow it down to your area and you will get specific hits for that area. For an example if I type in "I buy houses NY" I get Results 1 - 10 of about 634,000 for I buy houses NY. So, try it out. This will help you get a buyers list.

jason, this is a great idea. I just did the same and am finding some good contacts. will get on the horn with them later.
Thanks again
Nick

Jason,

That is an AWESOME idea! thanks for sharing it. I went on google and you were right. What a herd of investors!

I better get bird doggin!

Ya make this sound so easy i have not got the book yet

i have a meeting on monday for a couple of prop i wanna assign i just got the book as well im just grinding it out making calls sending emails the hardest part is finding the buyers but im comming around on that as well im doing a assignment so i mean i hope all goes well i like to make some serious money but its not hard to do just belive in yourself the internet has so many dif avenues to get what u need build assets gave me a good idea for more buyers as well this site rocks like i always say

I'm New. I have a passion for real estate for several yrs now. I want to thank everyone who is reaching out with their wisdom and expertise. Sometimes I'm scared of the unknown; but with all of you and your great accomplishment;it make me bold as a lion. I know there's money to be made. I live in the Las Vegas area; where we are seeing house prices dropping and big jump in foreclosure.

I have gotten some great idea's on how to put more possibilities of buyers in my corner as well as the inspiration that deals are all around, and as long as we "take action" and make things happen, things will work out. Without at the very least attempting to makes things work, then we are hurting ourselves. So all the forums and successes we read, or hear bout, definitly keep everyone excited. Atleast with me and thats how it seems to atleast the people who have been making post. The hardest and biggest step any of us have to take to just go for it...We all know that without taking chances, there is nothing that can happen. Anyways, Im excited to keep reading all of these, and know everyday, I am getting closer to a deal that will be awesome. So I will keep being persistent, and things will happen.

Way to go Build Assets! Thanks for sharing that bright idea! That's a great way to start... Haven't tried it yet but I'm on it!