GetSmart

there a few free places you can get comparables from first of all you can go to zillow, once you pull up the home you are looking for, click on search for comparables they will list 50 houses that have sold in the past year. the comps are pretty good. another place you can find comparables zillow doesn't have is realestateabc.com, and try bank of america at http://www.bankofamerica.com/modular/index...itename=modular . you will find plenty of comparable homes that will help you evaluate your deals for free. i don't know if you are using these but i sure do. i also use them for sending a cma to shorting lenders.

i think you might have a better chance if you call the mortgage brokers first and get to know them and tell them over the phone what you are doing. it might be a little time consuming but it might net you pretty good. also tell them that you will send over a few business calls so they can hand them to their clients. you probably want to let them know that if they keep in touch with the clients and guide them some they might be able to convert them into closed deals, that way the leads won't wander off to another company that might be more proactive.

too bad anyway, my webmaster doesn't have a software and won't add any other software because it might affect all the sites on their server. bummer. guess i might have to add meebo or something.

does your newspaper have the rental section in it. i have ran ads in the fsbo section with very little calls, once i placed the same ad in the rental section it seemed to get a better response.

i would assume you need some type of license to raffle the home off, unless you are donating the proceeds to charity. the only reason why i say this is because of the gambling laws that are in place. if you figure this thing out let me know.

or shall i say it found me.

rex, i think i seen your presence on some other forums. i can say you get around. i don't think i would have found this community had it not been for an email i received. scanning through some of the threads around here i am glad i found it.

Oh well, like I said "assuming they care", apparently they don't. maybe it will take one than one email. i sure it will. maybe if a few hundred people from different parts of the country send an email, they will know that it must be relevant. the squeaky wheel gets the grease.

is anyone marketing to other niches like bankruptcy, divorce, or probates to find leads that might have less competition? before nod's were my bread and butter now it seems like we have to compete with lenders offering more incentives for the owners to stay than they were before 2008. last year doing mailings i was working on 4 or 5 deals every month, now i am down to a 1-2 from the same list. although now my website is picking up the slack, i want to get back to working a hand full of deals, because it takes at least 10 motivated sellers to pan out one deal at least.

hey Rex, how did your auctions turn out? i want to add that software to my website as well, do you know who provides the software so i can have my webmaster add it to mine? it seems like a good deal for rent to own homes as well as retail. now that my website is starting to generate free leads, i want to try an make the most of the leads i get. it seems like now more sellers are opened to terms and the auction style open house will cut down on drive time as well as other hassles. thanks!

yeah Doug i like that as well. maybe if we all send craigslist an email saying the same thing maybe the will decide to listen. i don't know how hard it will be to add the page to every city but it might work.

where is this money coming from a line of credit? No this is not a line of credit >>>or your credit would be checked This is a loan based upon the after rehab value of a property Thatyou would be buying as a investor >>>> not for you to buy and live in no i mean are you getting the money from a line of credit, because those rates are kind of steep? although it doesn't matter where the money is coming from, and it sounds like a good deal if no credit is being checked.

also earlier this morning i read a post somewhere else that some people are paying mechanical turks to place their ads on craigslist in order to get around spamming the system with their ip. if people are getting this creative it might be impossible for craigslist to regulate their site. while typing this i am remembering back when someone posted they are using software to post their ads as well and this software has codes to keep you from classifying them as spammers and they can post the same message all day long. their ads stick no matter what you do because the system sees the ad as a regular poster. i see some people are using the software to place their seminars in the real estate for sales section and those ads stay there the entire length of regular ads. now if that isn't spam i don't know what is. hopefully craigslist organizes their stuff to bring it back to the way it was pre 2006.

i would like to know what type of response you are getting. i tried sending craigslist something sort of like your email to the realtors agencies but i still haven't heard back from them. i don't think craigslist is worrying about losing traffic from potential home shoppers as long as they have realtors and other professionals on board, but since i have sent the email, they are requiring an account in my area to post real estate services. only if they use that same mentality to post homes for sale we might be ok. maybe we all should post our concerns to craigslist and they might try to cut down on the same realtors spamming their site. let me know what you think

That sux, good thing nc hasn't adopted that model.

my understanding is a memorandum gives you the same protection and only needs one signature. You have to make sure you cross reference the document with the book and page numbers of the deed. This document puts everyone on alert without screaming out the terms of your agreement. So if someone wants a clear title they have to contact you to release your interest otherwise it maybe hard to get title insurance thus making it even harder to secure a mortgage.

where is this money coming from a line of credit?

After reading it myself, it would probably be best to have the lease and option as two seperate agreements.

its funny how a l/o may go against the realtors code of ethics especially since in NC there is a spot for owner financing under the purchase terms. Plus in order to completely understand if it does violate the dosc you have the read a copy of the deed of trust or mortgage to see what it says. Most lenders interpret a l/o as a violation if the lease goes over 3 years. read this http://www.law.cornell.edu/uscode/html/usc...01---j003-.html

Is it me or are others finding that craigslist is loaded with spammers posting the same property two and three times in the same day. I will admit, 2-3 years ago an ad for tenant buyers would bring in almost 50 interest prospects in one day, now the rent to own or owner financing ads barely generate 2-3 suspects with multiple post (twice a week.). I mainly think that realtors have saturated craigslist to the point that you can't find the jewel properties you once could and they are turning buyers off big time. buyers in my opinion went to craigs to find for sale by owners and knew that f they wanted a listed property to contact an agent. i kind of wish they would bring it back to for sale by owners since realtors have countless places they can use to market their properties. well i guess i can't expect too much from a free for all site.

I have the same type of deal going on. A builder just contacted me and wants to see if i can help him liquidate his 3 homes to my list of investors. I have a few investors that buy luxury homes, but i want to try to set up a bidding war to generate and spark interest. Does anyone have information or experience with the round robin bidding process? Oh yeah these homes are worth 640k, 926k and 1.6k. They average out to about $200k in equity. I have no problem flipping smaller deals, I just want my investors to know that there are others that are willing to purchase these deals as well. Usually investors think that if you don't have many they will low ball the offers and i want to make at least $30k on these babies.

have you tried zillow or realestateabc.com ?

Well Mike, i think adam can find deals and assign them to rehabbers, the only problem is breaking through all the clutter of mail that those homeowners receive.

I tried his program out as well, and it didn't provide the information it stated. He said something about how you can get lines of credit without your personal credit, then when i got the course he was saying to get others to get your lines of credit and keep the credit cards. That was sort of misleading so i asked for a refund and they said ok. i waited and waited and sent another request and never received another reply. Stay away from that scammer.