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OX6603

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About OX6603

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  • Birthday 03/01/1985

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  1. I just call myself a RTO specialist. It hasn't really been an issue, there will always be a good percentage of people who just won't work with you once they realize you aren't the end buyer. Their loss, move on. Let them sit on their house for a year while they pay upkeep, take depreciation, and end up paying 6% to an agent. (you may want to point that out to them )
  2. Well I'm back! Boys are doing great, thanks. Landscaping is winding down and I'm ready to get back into things. I'm working on my script, refining some ideas, and working on a website. Should be bombing craigslist for leads once again in a few days!
  3. Well I've been away for a while. My second son was born in Dec, they have tendancy to eat up all of you time. My last meeting with a seller was a total crash and burn but it was a good learning experience. I need to know the agreements like the back of my hand next time. Seller wanted to use "his" agreements (local rei club's) with my clauses added in, wanted me to leave him copies to look over. The place was a glorified cardboard box on a goofy divided lot so I really got more out of it this way and it didn't hurt to walk away. My naked investing career is on hold for now as I focus on my sons, prepare to expand my part time landscaping business, and work my J.O.B. Good Luck to everyone in Naked Investor Land!
  4. ~Smitty~, I hope you took MC up on his offer, I'm afraid it may have expired Go BIRDS!
  5. I'm thinking Dec 10 she'll have holding costs, so not really a deal breaker. I haven't heard back from her, going to call her tomorrow. In the mean time I booked a meeting w/ a home owner tomorrow, hopefully I can sign him up! That little "non-exclusive" thing is so disarming!!!! They've turned from "This is new, I don't understand...NO!" to "Heck, what do I have to lose?"
  6. I'm so close I can smell it! All I have to do is talk details, do my homework, and sign her up! She needs a T/B by 12/10, about 3 weeks. Maybe I can do it, maybe I can't but you can be sure I want that check (4Kish?) and will be out beating the bushes for a buyer! My attitude towards properties that are listed is that it's actually a GOOD thing for us. Chances are, especially this time of year, the house isn't gonna go anywhere. If it does sell, your solution probably wouldn't have been the best fit for the homeowner anyway. Keep an eye on the property on the MLS and once the listing expires, contact the homeowner. By this point they're gonna be pissed off that the realtor didn't sell their house and probably anxious to move on and get rid of the headache of trying to sell. Which is a perfect time for you to come in and let them know you have a solution to their problem ;-) If you're not a real estate agent, you shouldn't stop just because it's listed now. If you've been working with the homeowner since BEFORE the property was listed, I would think you're good to go (since the agent wasn't the reason you and the seller connected). Even if you came in to the picture after the agent, give it a shot! Yeah you'll have some extra details to work out as far as how the agent will get paid (not really your problem anyway, that's between the homeowner and the agent), but a lease/option is a perfectly legitimate real estate transaction whether or not an agent is involved. Worst case scenario it doesn't work out now and you'll have to wait till the listing expires Chris you're absolutely right. Did I mention I was an agent about 4 years ago in that very same office? Still up in the air on this one though. Feel ready to take on the world right now, so I just might!
  7. Still haven't gotten any solid bites. I've started emailing the clist FSBOs in addition to FRBOs. I sent 30 emails yesterday. I decided to take the non-exclusive approach... if you're open to the idea how can you turn that down? So far I've received 13 replys to yesterday's clist bombing run, 5 of which were positive. One said she was open to the idea but just listed with re/max. I'm still working on what I want to say to her, dangerous waters I'm not sure I want to swim in on my first deal (gloves are coming off once I get a few under my belt).
  8. I would definitely play the market angle. The 6% she'll pay the realtor, the closing costs, and the fact that it will likely sit on the market for a year anyway, empty, with that mortgage payment still due every month. That's a lot of money that the sellers get to hold on to if they work with you. So they could C/A with you, or they could just discount it that much and let you wholesale it and get it out of their hands
  9. here http://www.naked-investor.com/forums/index...?showtopic=2165
  10. Good point MC. I guess I felt like with my first one I could have come off a little too "used car salesman" and I wanted to do more to clarify what is taking place and that I'm not just trying to pull a fast one.
  11. Another thing to consider, again, in PA at least. Even with a buyer agency contract in place, the agent is only entitled to a commision on properties that they introduce the seller to and/or assist in closing on. I know when I was an agent some agents even said the buyer owes on anything they buy, but the law and their own contracts said differently.
  12. So no response yet from the first seller. I'm going under the assumption she wanted to see if she could get it rented this past weekend. Going to contact her again to see what's up, think my response may have turned her off. Got a quick response this morning. Here's my response, what do you guys think?
  13. On it! I set up google voice and I'm sending out text messages too.
  14. I know, I almost made a mess when I got her response. I was expecting hate mail from everyone lol. Thanks MC, I used basically a rewrite of your second email that was posted on here. I just tweaked and personalized it a bit. and now a nice big EXHALE, and waiting for her next response
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