DeeLight

We're counting on that Charles. Really. When we all share we all learn. I can't wait to hear the details

You can try that Daniel. However, from experience I share that you will probably spend HOURSSSSS talking to people who aren't fully motivated---they are only wishful thinkers. I have always been one to test the limits and find out for myself if what the pros say is true. It has proven 99% of the time to be so. But I did feel good having seen it for myself . . . it actually caused me to trust the "expert" I'd chosen a lot more. It's pretty hard to get better than the l/o expert here----no, really. I mean . . . . realllly. This isn't flattery---I've checked. Please let us know what the results are of you clinical studies. Please stay here and be one of my newbie partners in the race to success

Daniel, What a great post, gave me goosebumps cuz you described it so well. I've been having mini anxiety attacks all day every day. But I'm getting more into the fun of it all. Some thing I tell myself: I will very likely have to talk to a lot of different people before I get THE deal (and the butterflies go away) I'll probably mess up at some point; I have wonderful people to check in with often here; Stay focused and consistent----don't quit on the days I'm doubtful (or ticked off) We're all here for you Daniel. It's great to have another newbie in the game and sharing here p.s. do you have emails #1 and #2 that we use? did you read the "email marketing plan" here in the forum?

And wonderful MC, we LOVE your 2 cents----it just puts the Good House Keeping seal of approval on it all :lol: Ok for those youngsters in the group you wouldn't know wth that means. No, wait . . . I don't know wth it means. Some mag from back in the 50s said whether something was deemed good or not. I guess today it would be like a consumers report seal of approval. OMG!!! My age and ADD is showing. The point I was TRYING to make was it's nice to know what Coach thinks from his years in the game.

Thanks for the tutorial Erik. I totally would not have known all that. Do people that aren't lucky enuf to have you guys just learn by trial an error Michael, I think I read on NI that a clause could be put into the contract that if the market raised the price above xxx then the purchase price would be adjusted---and the same if the market dropped below xxx . . . Does that work? I don't think this strategy will work with the "investor" with all the props. Unless he knows something I don't he seems like an idiot. Now, keep in mind I don't usually use that word for people. But this guy says he has great rental props and wants to unload some. When I checked the comps---honest, I swear, they were all low price props and $50k or more OVER fmv priced. AND he says he's happy. Not only that he wants to charge over fair rental price. sheeesh Maybe it's just another episode from The CREI Addams Family show.

:lol: :lol: :lol: :lol: :lol: whooh, gasp. U r funny MC

Erik, you are so kind and helpful. Thank you so much. I like that plan. I will call him in the morning. I have 2 others that I think it would work for too---but those are because the "investor" has ridiculous prices on them This guy has about 10 that he says he might want to unload from his inventory. He wants looong term leases so that it gives the market time to recover. He may be dreamin'. I don't want to be part of any scammin---could anyone get hurt? Is there any harm in doing this kind of deal---lease for 3 years and then buy at fmv? How would I protect the t/b? Is there a clause that would be added to the docs that would explain that----giving the t/b a clear understanding up front? I can get the deals---it's just the darn strategies & paperwork!!

Charles, i agree with Erik about finding out who the R2O company is; I mean, I am a R2O company---of one If someone called me and said "Hey I have a t/b for your prop" I'd be glad to cut him/her some commish oops I mean consideration. Make sure to maintain you t/bs confidence in you being the hero in the deal----heh, can't hurt while you work out the details

Hi DanielSun, Charles is right the kind of contract you are describing is a non exclusive. It seems to me that if we are keeping track of all our potential t/bs or as our great leader Michael would say---keep control of the deal----we will know if someone has gone around us.I think staying close to our t/bs and the sellers presenting ourselves as super important to the success of the transaction helps too. It may seem kind of nonchalant to say that if we lose out on a deal it's money we would never had anyway before the deal. And the experience gained is sometimes worth more than the money. By doing this kind of thinking I keep myself from getting too overly attached to stuff and suffering anxiety attacks

Hi Charles, Yeah, those used to drive me nuts!! I still don't know all of them but I wrote the ones I know within the text below. Please explain the acronyms for those of us who "don't get it" What I don't get is how John (Pilot) says He doesn't give a rats azzz about the down payment.

Yes Steve but I even have a potential straight buyer on it too. It's a non exclusive so I hope I find a buyer first!!!

K, no slight intended for all my fav pros here cuz prob allll of you have answers to this inquiry. I got this reply from yesterday's CL mailing (email #1): "I would but I owe more tab it's worth like half of the world .you can look at it and we can draw up contract but I am around 35000 up side down ." poor thing Refer her to a short sale and split the goodies??? Tell me, tell me

ooooooK Pilot, I look at real estate accounts...do they have an FC in the last year? I look at public records....do they have a judgement or tax lien or BK? I could give a rats ass if they have the down payment....the question is...how long to finance? Please expound on this. Inquiring minds NEED to know

Hi David, Are you placing versions of the ad every other day and also placing them in surrounding large areas where buyers might come from. This isn't meant to be anything other than trying to understand what you're doing. I am just now marketing my first prop. yikes. I think the thing I've learned over the years is to have a few (or more) deals on the table at once so I don't get overly attached to one succeeding. Of course we want to sell each one but sometimes the way the deal is it just doesn't move right away. I'm a bit of an rebel and if some one gets pissy with me I can go to the dark side-----like "Oh you want an offer RIGHT now? So you can go buy another?? And this is MY prob??" Whew sorry I really can get a bit twisted when people get pushy when I'm workin to help solve a prob. Hey Pros, If I'm out of line here, straighten me out.

Yup, getting her done!! I got a contract and am marketing!!

Having fun here; laffing at sellers and laffing at buyers. What ev!! It's such an interesting journey!!

Wow, thanks for so much info Steve. I'm filing that in my Very Important Info file. It's nice to have options. I am SO ready to have a deal actually get done rather than just talking about them. Thanks for your help.

Tough problem to have right? The interested t/bs have $20-30k (3 different ones) to put down. These 2 props I'm working on are $150k & $275k. How do I figure the option consideration price :lol: Both of my sellers (potential) would like a lil up front consideration. This would be doable with the current interested t/bs. What would you do?? what would I do without you all??

Wow, so much to learn! I have a deal on the table that seems to be in demand----without the FOUR eager t/bs knowing all the particulars. Here's the rub: this house is hard or impossible to comp. All the houses in the area are "less than" this house. They are in the $77k to $104k $$ per sf range. This one is on sewer others are all on septic. This one clearly leads the pack but how do I figure a good price on it? The OOS owner (a builder/developer who seems to be hurting) wants $275k; the highest comp in the area at $98.7 per sf sold recently for $225. This house I'm working with is $147 per sf. Thanks for your input!! p.s. just did the math on the highest comp in the area---not the closest---it sold for $225k (as above) so if it had sold for the $$ persf that this house is it would have sold for $334,632. So does that mean that this house could very well appraise for $300k ish in 1-2 yrs? omgosh my brain

Wow, if I had that spin on things Raquelm, I'd not be doing what I'm doing in crei. I've spent 2 months a c t i v e l y marketing for sellers and buyers----and not one penny yet. When I get a good deal and the buyer to go with it there will be MORE work. Then I get paid (oh please God, say yes ). I haven't decided if I want to get my r.e. license or not. Maybe it's better to spend my time working co-operatively with others (agents). And then, when working from an abundance mentality what about all the new listings I will be able to share with the lucky agents who are open minded. I am doing my best to work for the big picture and the long term. Some days when I've spent hours combing thru the ROTTTTTENNNN CL listings and answering emails that seem pointless I can get caught up in, "wth, is this even worth it" thinking. We'll see at the end of 12 months. Just thought I'd share another point of view

What they didn't want your 1st born??? :lol:

oh DUH! That is so simple and I have heard about doing that. When I get in the middle of things I kinda get a bit flustered Thanks!!

Hi Chad, as one newbie to another I thought I'd give my bit of experience.

:lol: CL used to be SO great. Now, it's what ev