OfflineHi Everyone,
I just wanted to stop by and say HI!
Well I submitted my first offer to a REO Agent last week and am waiting to see what they come back and say to me. It was funny how this all came about. It is TRUE when Dean said you never know where your deals might come from. I have a lady friend of mine who came across a sign in a front yard that read, "Bank Owned" so she gave me a call after doing some checking herself and told me about it. Needless to say she didn,t have the number on her so I made her go back to the house at 11:30 at night to get it. She complained, but she loves me. She knew how important it was to me. So I call the number and it's a listing agent for an REO Agent. We talk about the property, she gives me details on what's up with the inside and I ask her if she would call me before it went to the MLS. To my surprise she said yes. Now I didn't think she would but she called and said she wanted me to talk to her boss the REO Agent. We hit it off well and I was told that they get listings every week. So I you guess you can say I'm EXTREMELY HAPPY! First timeout and I land one of those guys. Especially after I've heard how hard it is to get them to even talk to you let alone work with you. The other thing is I have drwn up my business plan and would like some feedback on it. If you want to take a look at it please PM me and I'll send it to you for your thoughts. Thanks
IF WE ALL DID WHAT WE KNOW WE ARE CAPABLE OF DOING, WE WOULD LITERALLY ASTOUND OURSELVES.
-Albert Einstien
Congratulations for making a great contact with an REO agent and manager. The future properties they bring to you could be even more valuable then this potential deal. Make sure you continue to cultivate this and other relationships. Good luck with real estate investing. Keep up updated on thsi potential deal. Believe and Achieve!
- Joe
Congratulations on finding such a great contact so quickly! Hopefully it will lead to many great deals for you. It once again proves what Dean keeps telling us. There are many RE agents out there that are hungry and willing to work with investors. We just have to find them. Best of luck to you and keep us posted on your progress.
Bruce
...two roads diverged in a wood, and I -- I took the one less traveled by, And that has made all the difference. --Robert Frost
Hey DG Family,
Just wanted to say that I got my first reo offer accepted. When we resell the property we stand to profit approx. $25k-$35k. Not bad for someone who doesn't have a clue to what he is doing! Also the REO guy is moving to my city and wants to have a lunch meeting with my partner and myself. We are the only investors that he knows out here. So I'm on point and am going to give him my aggressive business plan. Got my pipeline set up, now I'll have him fill it with properties. My partner has agent friends who have a whole slew of buyers who are preapproved needing properties. Not to mention the investors that we both have on our list. So we can go retail or whloesale or both. Anyways I'll keep you good folks updated as to what is going on. By the way I was wondering why haven'yt more of you requested the REO Agent list and websites? I guess you don't need or want them. That's cool. I just wish I had all the info that you guys have.Must be nice. Talk to you later.
IF WE ALL DID WHAT WE KNOW WE ARE CAPABLE OF DOING, WE WOULD LITERALLY ASTOUND OURSELVES.
-Albert Einstien
That is fantastic!! Tell a little more. Are you going to assign it? I'm curious if you are able to. Are you paying closing costs? What else you have to pay?
I’m just about ready to step out as soon as I get a few more buyers. I’m going to be assigning for now. Would like to go after REO’s but here the banks don’t like that.
Please keep us posted.
Great Job Phoenix.
Barbara
Home Pride Estates, Inc.
"O Heavenly Father, grant me the serenity to accept the things I cannot change; Courage to change the things I can; And the wisdom to know the difference, through Jesus Christ our Lord, Amen."
You must know something as you have this great thing that you have aquired. Congrats to you with your first offer accepted. With all of the wholesalers and retail buyers you have, you are going to be making some serious cash! Again congrats on your acceptance and congrats to finding such an awesome opportunity.
"I know the price of success, dedication, hard work, & an unremitting devotion to the things you want to see happen." Frank Lloyd Wright
"If we did all the things that we are capable of doing, we would literally astound ourselves" Thomas Edison
"This time, like all times, is a very good one if we but know what to do with it." Ralph Waldo Emerson