Am I on the right track??

Sounds good so far. build a buyers list then find some deals to assign and make you some money. about the coaching - I'm in the coaching program also and I have found they don't call me and ask me what I've done or check in with me, I have to call them. however they are always very willing to help and listen to what I have to say or what I want to ask them. I have been very slow building my buyers list I need a swift kick in the pants. keep up the great work.

what state r u in ? I'm in Mississippi

I'm in Fishers Indiana (suburb of Indianapolis). The coaches are very well informed and helpful. From what I've understood thus far, a rock solid buyer's list seems to be the key. My goal is to have at 5-7 potential buyers on my list and at least one completed deal by the end of July. Thanks again for your input and good luck to you!!

Bill

ANOTHER THOUGHT BILL

IN INDY THERE ARE PROBABLY SEVERAL REI CLUBS YOU COULD JOIN IF THERE MEETING DATES DONT CONFLICT HUH ? THERES PROBABLY SEVERAL HUNDRED BUYERS FOR YOUR LIST RIGHT THERE.

WHAT A THINK. HOPE THIS HELPS AND GOOD LUCK.

WALT

Just thought I'd throw these suggestions out there to you in case you might need em.

1. Go to a local real estate club

2. Go to a public auction

3. Ask a renter for the properties he's interested in

4. Look for the "I buy houses" ads in the newspaper

5. Go to craigslist, backpage or any other websites that have ads

6. Look for the "we buy houses" street signs and give them a call

7. Call every hard money lender you know. Ask them who currently has money and is looking for properties. Incentivize them by telling them you will direct the hard money loan back their way. They may not want to release the information but they can find out what they are looking for on your behalf.

8. Marketing by passing out business cards in places like grocery stores, birthing centers of hospitals, and wedding shops. Wherever people are going through life changes. Or marketing by placing an ad like this in your local newspaper:

INVESTORS WANTED!
I sell homes at 40% off todays already low prices! Call me if you're ready to make money!
xxx-xxxx

_______________________________________________________

Here's a few things you would want to know from the buyers to build a quality buyers list:

• Email address
• Company Name
• First and Last Name
• Company Address
• Preferred Phone
• Fax Number
• Type of property they are interested in: Single Family, Multi-Family, Commercial
• Approximately how much capital are they working with?
• Are they interested in loaning money on mortgages?
• What level of Rehab are they comfortable with?
• How many transactions have they completed in their career?
• How often do they buy property?
• What's their price range and profit margin they expect?
• How much equity they're looking for?

Say i found a pre-foreclosure , i want to lock it up . house worth 400,000 , the owner has 150,000 in equity in it . what exactly am i offering to the owner in regards to his equity or am i seeing this process wrong

Hi Rodney,
If you are doing an assignment offer then your goals are to have the equity in the home to attract to the end buyer. The more equity the better chances of selling quick. If there is enough equity in this to make the figures work for all parties. The seller can also walk away with cash in his pocket at the closing too. Example your saying the home is worth 400. The sale price of the home would be 250 plus the equity 150. If the seller wanted 25 in his pocket. Then your new offer price would be 275 plus your fees and expenses. Still leaving equity in the property. The seller can now walk away with the difference minus the expeses and your fee. So it becomes a win/win for all parties. Continued success..........Lubertha

Hi Billy,
Congratulations on joining the greatest opportunity by far! Sounds like your off to a fantastic start. Your in the right place and time! Keep moving forth. Much success to you.............Lubertha

Great strategy Lubertha. Something definitely to think about when doing the numbers. Excellent info Wrecklesskane. I could truly say, "They have nothing on us in the DG WORLD" Thanks all for the info.

Sandra

Thanks so much Sandra! Having different points of views o things gives you the knowledgr to handle objections when they arise! Continued success to you.......Lubertha

i really do thank you . so i wouldn't need to address the bank for any reason . this would just be me an the seller even if he didn't own straight out . i was looking at preforclosures.

Because their is equity. Make sure you factor in repairs, and your fee and do your own comps. Or if they had a recent appraisal 6 months or less. Much success to you.....Lubertha

Thanks for your time and providing the information and it will be helpful to those dont know the business. Happy 4th !

Paul