I’m new here and just starting out on my Real Estate Investing Journey. I have read all of Dean’s Books and am very excited and determine to succeed in REI. I put together my plan last weekend and have been working all week to build my Investment team. After sending out Matt Larson’s letter to a bunch of Real Estate Agents I had a couple call backs. I just got off the phone with one of them and when I told him I wanted to pursue bank REO’s he said if you are expecting to find deals that are 20 – 30% discounted that I’m a newbie and that is just unrealistic. I work with banks all the time and they may drop 10% but that is very rare. I don’t mind putting in multiple offers but after being rejected a few times we would have to sit down and reevaluate your goals.
Now I know I have to work a little bit to find these great deals but they are out there. I hate people telling me to be realistic. Being realistic is an excuse to settle for mediocrity. I want to put in my own offers until I can find an agent that will think a little different and my question is how do I submit offers to the banks? Do I have to use an official form or can I send in a personal written offer with the terms I want. Forgive me if these questions sound elementary but this is the first time I’m doing this so I need a little help.