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Add You - Wholesaling Real Estate - Finding Buyers (Part 1 of 3)
Bank foreclosures are homes or properties that are owned by banks or lenders. The banks own them because they are the result of foreclosure. Previous owners of the property or home had fallen behind in their mortgage payments and the bank foreclosed on them. Bank foreclosures are actually one of the easiest and safest ways to buy foreclosures.One of the big reasons that bank foreclosures are easy to buy and less is that you get to deal directly with the bank themselves. Banks are interested in selling their foreclosed properties because they are not making money on homes that they own. Some banks advertise some of their bank foreclosures in the classified ads or market them through a real estate company. However, their fist goal is to sell these homes and finance a mortgage for another buyer. You can typically buy bank foreclosures 10-20% less th
An example of one of my clients deals that he ran this way.
1. I called my client about a great HUD deal
2. He liked the deal and put the home under contract for $115k (I made a $4800 commission on the home when it closed so I was happy)
3. We had 60 days to close the HUD home so he started calling realtors
4. He found a realtor with a cash buyer that was willing to pay $122,000
5. We assigned the contract (this is a secret)
6. We went to closing and his buyer brought $122,000 cashier
Are you planning to launch a direct mail marketing campaign to promote your professional practice or small to mid size business? If so, here is a 7-step process that can help you to protect your marketing investment. This process is based on strategic marketing principles that can set your direct mail campaign up for success. Define your objectives: Identify how you plan to gauge the success of your direct mail initiative. Will it be deemed a success because of the number of new inquiries, the resulting sales revenue or improved loyalty? Ensure that you are able to measure results so that you can use them to plan future marketing strategies.Project your return on investment: Projecting the return on your investment will inform you as to how profitable your direct mail marketing plan is expected to b
1. We Buy Houses Signs I call every single one of these signs that I see, I actually keep a note book full of numbers and info that I find out about these companies when I call.
I usually ask them whether they are still buying, what they are looking for, what percentage up FMV (fair market value) they are typically paying, and what areas of town they want to buy in.
While I have them on the phone I also ask them if they wholesale out any of their homes, if they do then I ask them to call me when they have something good. I tell them that if the deal is right I can close in less than 2 weeks with cash.(I can do this because I have other buyers already in place to buy their deals, sometimes these buyers could be other cash for your house buyers)
Here is a sample of a deal that I put together using this.
1. I called a we buy houses sign
2. Found out where they were looking
3. Put a home under contract for $52k in that area
4. Called them and let them know.
5. I signed a 6 month lease option with them for $64k
6. I closed the home.
7. The lease option started
8. He sold the home
9. We close this week, I make about $12,000 (I also made commission when I bought the house, because I am a realtor)
10. He makes around $12k.
11. Were all happy.
2. Call realtor's I call realtor's and find out if they have any cash buyers that are looking to buy some wholesale deals. It varies on what I offer to pay them but typically I offer 10%-20% of my profit, or a flat 2-3% fee, each time the buyer they have given me buys a home. It creates a win- win, I get a buyer and they get paid whenever their buyer buys a home.
I offer the continuous pay because a realtor's worst fear is that they give you a buyer and he buys from you, then when they have a good property to show their buyers they cannot buy because they have already purchased from you.
If the realtor's do not have cash buyers, I tell them that if they bump into any great deals, they should call me and if the deals good enough we can buy with cash and close in less than 2 weeks.( Often times you can use other realtor's buyers to buy another realtor's house and you can make money setting the two up)
An example of one of my clients deals that he ran this way.
1. I called my client about a great HUD deal
2. He liked the deal and put the home under contract for $115k (I made a $4800 commission on the home when it closed so I was happy)
3. We had 60 days to close the HUD home so he started calling realtors
4. He found a realtor with a cash buyer that was willing to pay $122,000
5. We assigned the contract (this is a secret)
6. We went to closing and his buyer brought $122,000 cashiers
Chewing gum pollution exists almost everywhere. It is impossible to go almost anywhere without witnessing chewing gum soiling. But when the chewing gum problem is present in casinos, it seems to mar the very glitzy image that casinos are trying to portray. Gum removal in casinos is very important in preserving the image of a high-class place to gamble. Proper gum removal in casinos creates a more comfortable and wealthy atmosphere. And that mean more people coming into the casino to spend their money.Gum removal in casinos helps them maintain their image.Most people, even those who do not gamble, no longer view casinos as seedy places where mob bosses meet. No, today the casino is very much a part of our society's culture. They have luxury hotel rooms, they offer fine dining and good (often wholesome) entertainment. And the high rollers es
While I have them on the phone I also ask them if they wholesale out any of their homes, if they do then I ask them to call me when they have something good. I tell them that if the deal is right I can close in less than 2 weeks with cash.(I can do this because I have other buyers already in place to buy their deals, sometimes these buyers could be other cash for your house buyers)
Here is a sample of a deal that I put together using this.
1. I called a we buy houses sign
2. Found out where they were looking
3. Put a home under contract for $52k in that area
4. Called them and let them know.
5. I signed a 6 month lease option with them for $64k
6. I closed the home.
7. The lease option started
8. He sold the home
9. We close this week, I make about $12,000 (I also made commission when I bought the house, because I am a realtor)
10. He makes around $12k.
11. Were all happy.
2. Call realtor's I call realtor's and find out if they have any cash buyers that are looking to buy some wholesale deals. It varies on what I offer to pay them but typically I offer 10%-20% of my profit, or a flat 2-3% fee, each time the buyer they have given me buys a home. It creates a win- win, I get a buyer and they get paid whenever their buyer buys a home.
I offer the continuous pay because a realtor's worst fear is that they give you a buyer and he buys from you, then when they have a good property to show their buyers they cannot buy because they have already purchased from you.
If the realtor's do not have cash buyers, I tell them that if they bump into any great deals, they should call me and if the deals good enough we can buy with cash and close in less than 2 weeks.( Often times you can use other realtor's buyers to buy another realtor's house and you can make money setting the two up)
An example of one of my clients deals that he ran this way.
1. I called my client about a great HUD deal
2. He liked the deal and put the home under contract for $115k (I made a $4800 commission on the home when it closed so I was happy)
3. We had 60 days to close the HUD home so he started calling realtors
4. He found a realtor with a cash buyer that was willing to pay $122,000
5. We assigned the contract (this is a secret)
6. We went to closing and his buyer brought $122,000 cashier
Social bookmarking is a process where people cooperate voluntarily to classify, share, and organize internet bookmarks through a public platform like a website. Users can search through the database of bookmarks. Each bookmark is classified with tags appended to them by humans. This is contrary to a search algorithmA social bookmark is defined as an internet bookmark that was derived through a social bookmarking platform.If a person wants to help organize a public collection of internet bookmarks, share his own bookmarks, and see what others are bookmarking in his sphere of interest, he needs to create a user profile at a social bookmarking site like del.icio.us. Since most bookmarks are classified according user-defined tags or keywords, the search results are nearly always on target. Real humans, not search engine spiders, understan
3. Put a home under contract for $52k in that area
4. Called them and let them know.
5. I signed a 6 month lease option with them for $64k
6. I closed the home.
7. The lease option started
8. He sold the home
9. We close this week, I make about $12,000 (I also made commission when I bought the house, because I am a realtor)
10. He makes around $12k.
11. Were all happy.
2. Call realtor's I call realtor's and find out if they have any cash buyers that are looking to buy some wholesale deals. It varies on what I offer to pay them but typically I offer 10%-20% of my profit, or a flat 2-3% fee, each time the buyer they have given me buys a home. It creates a win- win, I get a buyer and they get paid whenever their buyer buys a home.
I offer the continuous pay because a realtor's worst fear is that they give you a buyer and he buys from you, then when they have a good property to show their buyers they cannot buy because they have already purchased from you.
If the realtor's do not have cash buyers, I tell them that if they bump into any great deals, they should call me and if the deals good enough we can buy with cash and close in less than 2 weeks.( Often times you can use other realtor's buyers to buy another realtor's house and you can make money setting the two up)
An example of one of my clients deals that he ran this way.
1. I called my client about a great HUD deal
2. He liked the deal and put the home under contract for $115k (I made a $4800 commission on the home when it closed so I was happy)
3. We had 60 days to close the HUD home so he started calling realtors
4. He found a realtor with a cash buyer that was willing to pay $122,000
5. We assigned the contract (this is a secret)
6. We went to closing and his buyer brought $122,000 cashier
Swans, Kookaburras and DucksMost marketing experts agree that databases can be divided into 3 distinct groups:• The people who have an intimate knowledge of what you provide and who adore you so much that they send referrals to you hand over foot without your even having to ask.• The people who understand what you provide, and do like you, but they don’t often think to refer unless you ask them. They need gentle prodding.• The people who are not yet “on board”, who may not even have bought from you yet, and who probably wouldn’t refer you because they just don’t know you well enough.You could call these database segments A, B, and C, but we find that a bit boring and impersonal. We called ours Swans, Kookaburras, and Ducks, but it’s the same thing.Why I Picked the Bird ThemeBefore anyone t
I offer the continuous pay because a realtor's worst fear is that they give you a buyer and he buys from you, then when they have a good property to show their buyers they cannot buy because they have already purchased from you.
If the realtor's do not have cash buyers, I tell them that if they bump into any great deals, they should call me and if the deals good enough we can buy with cash and close in less than 2 weeks.( Often times you can use other realtor's buyers to buy another realtor's house and you can make money setting the two up)
An example of one of my clients deals that he ran this way.
1. I called my client about a great HUD deal
2. He liked the deal and put the home under contract for $115k (I made a $4800 commission on the home when it closed so I was happy)
3. We had 60 days to close the HUD home so he started calling realtors
4. He found a realtor with a cash buyer that was willing to pay $122,000
5. We assigned the contract (this is a secret)
6. We went to closing and his buyer brought $122,000 cashier
Whether you are buying or selling a house in the United States or a beachfront condo in Cancun you might want to consider using a realtor. Buying property is a huge investment and you would not want to take a risk of anything going wrong. You also would not want to take any risks when it comes to selling your property. When you sell your property most often you are looking to sell so that you can invest in buying another piece of real estate, so if something went wrong and the sell fell through you might have two mortgage payments to make or you would have to cancel the contract on the other piece of property that you made an offer on.Realtors have to adhere to a strict code of ethics and they usually have a higher level of understanding all the steps involved in buying or selling a home. When you are buying property in Cancun the process is a bi
An example of one of my clients deals that he ran this way.
1. I called my client about a great HUD deal
2. He liked the deal and put the home under contract for $115k (I made a $4800 commission on the home when it closed so I was happy)
3. We had 60 days to close the HUD home so he started calling realtors
4. He found a realtor with a cash buyer that was willing to pay $122,000
5. We assigned the contract (this is a secret)
6. We went to closing and his buyer brought $122,000 cashiers check.
7. My buyer left with a check for $7,000 ( he used none of his own money, and I found him the house so he was happy)
8. I left with my $4800 commission
9. The realtor who brought the buyer took no commission but got a commitment from his buyer that he would list the home with him when he sold it.
3. Newspaper ads I do not personally use this one, I have clients who have had great success with it though. They simply place a small classified ad that reads "Looking for buyers to purchase homes at 50-70% of true value"
I have picked up endless buyers with this ad though "Free List of 45 foreclosed/distressed homes" call or visit. The reason that I have had so much success with this ad is because anyone thinking of buying real estate would much rather get a free list of 45 then have to call each individual ad. You can have a local realtor put together a list of properties for you and email them to you if you cannot find your own. Then take the list that they send you and email it out to people that respond to your ad. Keep in mind you do not really care about the list that you send, you care about getting the name, phone number, and buying qualifications of responding buyers.
A real life example.
1. I placed my free list ad
2. I got about 30 responses for the month
3. Found one buyer who has paid me over $75,000 in commissions over the next 3 years on deals I brought him.
These were realtor commissions, but if you can find a buyer who is taking the kind of action he was you could seriously line your pockets wholesaling to him.
4. HUD homes this is my own technique that I started using to get buyers just for my realtor purposes. Watch for a great deal on a or any great deal for that matter, then park outside for a few hours and talk to the people going to check out the home. Most of the areas investors will find there way to the property and you can give them your card and be sure to get there info. Tell them that you run into alot of deals and ask them if they would like you to give them a call when you run into something decent.
A personal example.
1. I went to look at a good HUD home that I was going to buy myself.
2. The neighbor came over and wanted to see the home while I was there.
3. I showed him the home and he ended up buying it from me.
4. I ended up making $2500 in commission on it.
If I were not a realtor, I would have simply talked to him and found out what he was wil
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