lamar-housing

Lamar's Hot Deals Menu 'Get em' while there HOT!!' ALL PHOTOS CAN BE SEEN AT THE WEBSITE! http://www.lamar-housing.com/homes/index.php --------------------------------------------------- This Property Must go. It is facing Foreclosure very soon! Asking price is Negotiable! Make an Offer... Type of Deal: Wholesale/Short sale Deal Property Location: Go To http://www.lamar-housing.com/homes/index.php Atlanta, GA, 30315 Value: $255,000 (verified by 2 appraisals ) Asking Price: $179,000 (this includes assignment fee!) Equity: $75,000+ Section 8 Tenant Paying: $1050/m................................................. ......................Assignment Fee:$3,000 Birddog Compensation: $500, if you bring me a buyer! Look for the Title that says: 'Hot Short Sale Deal! Over $75K in Instant Equity (Atlanta, GA) ' www.lamar-housing.com/homes.php or Call Now! 703-879-4767 ------------------------------------------------------------------------------------------------------------------------------------------------------ Type of Deal: Sandwich Lease Option Deal Property Location: Go To http://www.lamar-housing.com/homes/index.php Stone Mountain, GA 30342 Value: $136,000 (we have the appraisal) Asking Price: $115,000 (this includes rehab and assignment fee!) Equity: $20,000+ Monthly Payments: $960 (Below market Rent)............................................. ......................................Assignment Fee:$3,500 Birddog Compensation: $500 if you bring me an Investor who pays the assignment fee or a tenant buyer! $1000 if you bring me a cash buyer **Investors, move a tenant buyer in and you've already recouped your assignment fee and a little extra! Capitalize on the monthly casflow (set by you) and the backend profit. This is too easy! Get your price locked in Today! See Photos AND Virtual Tour Now at http://www.lamar-housing.com/homes/index.php ------------------------------------------------------------------------------------------------------------------------------------------------------- Type of Deal: Sandwich Lease Option Deal-Take over this deal! Property Location: Go To http://www.lamar-housing.com/homes/index.php Richmond, VA Value: $250,000+ Asking Price: $239,000 Equity: $10,000+.......................................... .................................................. .....Assignment Fee: $4500 Monthly Payments: $1600 Birddog Compensation: $500 if you bring me an Investor who pays the assignment fee or locate a tenant buyer! $1000 if you bring me a cash buyer! **Investors, move a tenant buyer in and you've already recouped your assignment fee and a little extra! Capitalize on the monthly casflow (set by you) and the backend profit. This is too easy! Get your price locked in Today! See more Details at my website and Look for the Title that says: ' New! Rent to Own-Move in Today (Richmond, Va)' http://www.lamar-housing.com/homes/index.php or Call Now! 703-879-4767 ----------------------------------------------------------------------------------------------------------------------------------------------------- Type of Deal: Sandwich Lease Option Deal-Take over this deal! Property Location: Go To http://www.lamar-housing.com/homes/index.php Richmond, VA Value: $340,000+ Asking Price: $299,000 Equity: $40,000+.......................................... .................................................. .....Assignment Fee: $5500 Monthly Payments: $2200 Birddog Compensation: $500 if you bring me an Investor who pays the assignment fee or locate a tenant buyer! $1000 if you bring me a cash buyer! **Investors, move a tenant buyer in and you've already recouped your assignment fee and a little extra! Capitalize on the monthly casflow (set by you) and the backend profit. This is too easy! Get your price locked in Today! See more Details at my website and Look for the Title that says: ' New! Rent to Own: Beautiful Property-Move in Today! (Richmond, Va)' http://www.lamar-housing.com/homes/index.php or Call Now! 703-879-4767 ------------------------------------------------------------------------------------------------------------------------------------------------------- Type of Deal: Sandwich Lease Option Deal-Take over this deal! Property Location: Go To http://www.lamar-housing.com/homes/index.php Richmond, VA Value: $490,000+ Asking Price: $450,000 Equity: $40,000+.......................................... .................................................. .....Assignment Fee: $12,500 Monthly Payments: $2800 Birddog Compensation: $1500 if you bring me an Investor who pays the assignment fee or locate a tenant buyer! $2500 if you bring me a cash buyer! **Investors, move a tenant buyer in and you've already recouped your assignment fee and a little extra! Capitalize on the monthly casflow (set by you) and the backend profit. This is too easy! Get your price locked in Today! See more Details at my website and Look for the Title that says: ' New! Rent to Own: High End Property! (Richmond, Va)' http://www.lamar-housing.com/homes/index.php or Call Now! 703-879-4767 ------------------------------------------------------------------------------------------------------------------------------------------------------- Type of Deal: Sandwich Lease Option Deal-Take over this deal! Property Location: Go To http://www.lamar-housing.com/homes/index.php Richmond, VA Value: $240,000+ Asking Price: $209,000 Equity: $30,000+.......................................... .................................................. .....Assignment Fee: $4500 Monthly Payment: $1400 Birddog Compensation: $500 if you bring me an Investor who pays the assignment fee or locate a tenant buyer! $1000 if you bring me a cash buyer! **Investors, move a tenant buyer in and you've already recouped your assignment fee and a little extra! Capitalize on the monthly casflow (set by you) and the backend profit. This is too easy! Get your price locked in Today! See more Details at my website and Look for the Title that says: ' New! Rent to Own-Move in ASAP! (Richmond, Va)' http://www.lamar-housing.com/homes/index.php or Call Now! 703-879-4767 ------------------------------------------------------------------------------------------------------------------------------------------------------- Type of Deal: Wholesale Deal Property Location: Go To http://www.lamar-housing.com/homes/index.php Baltimore, MD 21230 Value: $205,000 (we have purchase appraisal) Asking Price: $149,700 Equity:$50,000+................................... .................................................. ................................Purchase Price: $149,700 Birddog Compensation: $500 if you bring me a buyer! See more Details at my website and Look for the Title that says: '$50,000 in Instant Equity. Great Property in a HOT Area. MUST SELL!! (Maryland)' http://www.lamar-housing.com/homes/index.php or Call Now! 703-879-4767 ---------------------------------------------------------------------------------------------------------------------------------------------- Type of Deal: Over 25 Assorted Real Estate Deals in Maryland Main Property Location: Go To http://www.lamar-housing.com/homes/index.php Asking Price: $30K - 150K Equity:Various.................................... .................................................. ..................Earnest Money Deposit: $2,000 See more Details at my website and Look for the Title that says: 'Over 25 NEW Investment Properties Just in (Maryland)' http://www.lamar-housing.com/homes/index.php or Call Now! 703-879-4767 -------------------------------------------------------------------------------------------------------------------------------------------------------- Type of Deal: Rent To Own (Move In* or Buy Outright**) Property Location: Go To http://www.lamar-housing.com/homes/index.php Augusta, GA, 30907 Monthly Payments: $799/m for 12 months or Monthly Payments: $825/m for 24 months Option Fee, if Moving In: $5,000* Purchase Price, if Buy Outright: $107,900 (includes assignment fee)**.....................Option or Assignment Fee:$5,000* or $3,000** Birddog Compensation: $500, if you bring me a buyer! See more Details at my website and Look for the Title that says: 'Rent to Own! Move in Now (Augusta, GA) ' http://www.lamar-housing.com/homes/index.php or Call Now! 703-879-4767

The purpose of this posting is to give you Birddogs (Property Locator sounds better) a little help in getting started in the birddog world. I just want to outline your responsibilities as a birddog and how to avoid pitfalls, which may discourage your efforts. STEP 1. Find an Investor to Birddog for. -You can find investors anywhere. ReiClub is a great start. Look at the Investor Ads for your state and find out if that Investor gives out referral/finder fees for properties that you locate for them - You can alsways advertise your services in the REICLUB Classified Ad Section. - Use websites like craigslist.com, backpage.com, kaboo.org, etc. One thing you will learn in the Real Estate wold is that MARKETING is what drives the biz. No matter if your a birddog, or an investor. STEP 2. Identify your Investor's Criteria - Ask them what areas they need properties in. If they say Nationwide, then you hit the jackpot because you can look anywhere. - Ask them what ARV (After Repair Value) or LTV (Loan to Value) they purchase at minus the repair costs. Here's an example: Let's say a property is worth $100,000 and needs $0.00 in Repairs. The investor tells you that they purchase at 70% ARV - rehab costs. How much should the seller's asking price be? Your answer $70,000 [$100,000 (Home Value) X 70% ARV - 0.00 repairs= $70,000. Therefore your investor will most likely not purchase this home for more than $70,000. If the seller is asking for more, Ask them if they'll consider less. If they say No, Move onto the next one. If they say Yes, contact your investor ASAP. If they say maybe, Contact your Investor ASAP. Unless you are really skilled at negotiating, let the seller know that you'll get in touch with your investor and he/she will be handling the negotiating offer, once you submit the deal to them. STEP 3: GET IT IN WRITING. -This is a good way to do business, but if you can't get it in writing, then so be it. You can still do business with the Investor. Don't let that hold you back. BUT with that said, when you become an INVESTOR, everything you do should be in writing. IT BETTER BE!! LOL Step 4. Give your Investor as much INFO upfront as possible. - The less info you provide, the slower the deal will probably go, because You'll be busy playing the messenger. Everytime Your Investor asks you a question, you have to run back to the seller, then you take the seller's answer and run back to the Investor to give them that. This can go on for days, before your Investor even contacts the Seller. DON'T WASTE TIME. Here's what they will most likely be looking for and forgive me if I miss anything, but you can always ask Your INVESTOR ANYWAY: 1. Asking Price 2. Property Value 3. Repair Costs 4. Repair details 5. Mortgage Balance (If applicable) 6. Mortgage Payments (If applicable) 7. Reason Why the seller is Selling! 8. Comparables 9. PHOTOS 10. Full Address and contact INFO of Owner Now, I listed 10 things that are necessary for Investors to make decisions. There are much more thing's they'll need, but what I listed above should keep the questions to a minimum. If anything the 1st 6 steps to include the Photos is definitely a MUST Give. Investors want the NUMBERS and PICTURES. Just Numbers will do for some of them. That is what will make them look at your deal. Step 5. Always keep the Contact Info of the seller and the Investor. -If you do not hear from your investor. Follow up with them. If they can't be reached, follow up with the seller. Sometimes Investors get so busy that they may forget to update you on the status. -Another thing is, if the Investor tries to go around you and cut you out the deal, then you can just follow up with the seller to find out what the status is. This is a rare situation, but it can happen this day and age. In this situation, you can let the Investor know that because he closed on the deal, he needs to pay you what was agreed to. If he ignores you, then simply move on. It would probably be less cost effective for you in the long run if you avoid courts, etc. NEVER DEAL WTH THAT INVESTOR AGAIN!! Yes, it is true that you lost out on a deal and the investor made money because of you, BUT with that said, they won't be making any more money off of you. Ok Enough of the Negative side to this. Let's move on to the next step. Step 6: When your Investor has the deal under contract, help him MARKET it. Many birddogs just rely on the Investor to market the deal and they just sit around waiting to get paid. -Check this out, if you find a buyer for the property then you have basically coordinated the entire thing and you should get paid as soon as they close. I say should, because you know what we discussed in STEP 5. - Another reason you want to find a buyer, is because some investors offer Double Bonuses!! They'll pay you for finding the the Property and finding the Buyer!!! Ask your Investor about that....They may do it, or they may not. Don't let it discourage you though. - Not only can finding a buyer for your Investor make you money, but if you just happen to find another Investor who's interested in the deal, then you just found another Investor that you can BIRDDOG for. - Now Occasionally you'll get people who will respond to your ad about your Investor's property and they want to see the property, or they just want to inquire about it. Then they decide it's not for them. So what do you do.....Forget about them, right? WRONG!!!!!! You keep their contact information and start building a Buyer's LIST. These are for those future properties that you'll be finding, that just may spark their interest! Grow your list by MARKETING, MARKETING, MARKETING. Eventually when you move up to the investor stage, you'll have a Buyer's LIST of your own!! Make Sense??? STEP 7. GETTING PAID!!!!! -Absolutely, this is the best part right? When your Investor Closes on the deal, you get PAID anywhere between $500 -$1000 per deal. If you find 5 deals a month that your Investor closes on, you could be making an extra $5000 a month that your investor. Sometimes you can even make more. It all depends on your investor. These are just average figures -NOTE: You may have to wait 2-6 weeks to get paid. It all depends on the buyer. If they are a cash buyer, you should get paid within 2 weeks. If it's a buyer that is looking to close on a conventional loan or something, then you will be waiting a lot longer. But whether it is a cash buyer or a conventional buyer, you NEED TO FIND A BUYER PERIOD!! Income is Income no matter how you look at it. Patience is a Virtue! - Set up a PayPal account, if you'd like. You'll get paid Instantly when Your Investor closes. Instead of having to wait for the mail. But hey, Income is income, right? Well, that's all I can think of. I hope this will help you get started. Don't be a BIRDDOG Forever. Move up Quickly! You can Do it. You'll find that the biggest struggle that everone has when getting started in Real Estate is themselves!! TAKE ACTION! INVESTORS PLEASE LET ME KNOW IF I MISSED ANYTHING!! Later,

I agree with Steve. You don't want to give to much information to them all at once. The time will come and when it does, they'll feel comfortable. Build the Rapport! Other than that! STAY AWAY FROM THE UNMOTIVATED SELLERS! Help the ones who NEED your help!

ok, so whats the deal for doing LO's in TX???