zanders
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Posts posted by zanders
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Congrats on the potential deals off of CL. On your post though #3 Be careful as to how you qualify the tenant buyers. Unless controlling the property and making a small cash flow monthly gain is your main goal, you want to really screen the potential tenant buyers to make sure that they will cash you out as soon as possible. I have found that making sure they will qualify beyond a reasonable doubt, and educating them on why they cannot mess with their credit pays off HUGE. I have it down where almost all of my deals are cashed out within5-6 months (some as little as 45 days).
Zanders
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Hi Tim,
The nice thing about the Google box isthat it automatically gets you in the top 10 in your city for your keyword. It literally blasts you past the competition that has spend thousands on seo work.
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I actually used rent 2 own homes as my keywords and it worked real well. I have other folks that used different keywords in their own cities. Deb, the woman I partnered with, is a whiz at getting these rolling. Sure beats the deadbeats with Craigslist.
I can direct you to her if you want to emal me. I don't want to blast her info on the boards.
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Kish is a boob. Design your own and save the money he charges. Never pay a dime upfront for anything!
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Great point...I am just an option. Look to putyour own together and control the deal whenever possible.
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Hi Jason,
No problem. I work with a licensed credit repair person that does te work on the files for my clients. We all know that only about 10% of the TB's ever exercise their options and the reason for this is because they have not changed their credit situations.
1. We have their files gone over by our lenders rep. He tells us what needs to go and what needs to be added.
2. We update and tweak their personal history section of their report.
3. We start working on removing the items that he stated needs to go.
4. If needed we add tradelines. We also teach them how to add all the bills they pay each month to their files to show positive pay history and eventually as a tradeline.
5. We speak with their employer and pastor if possible and get a char. letter from them and have that added to the file.
6. We then take them back to the lender rep for closing.
We charge nothing upfront or during te process. All expenses and time fall on us. Once we get the loan closed, the investor pays us 3% of the sales price as a Buyer Preperation Fee that goes on the seller side of the HUD.
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I save the snake oil for the snakes I meet. Rub them down and cut off their heads.
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Hi Rod,
Give me a call...
623-385-5560
Patrick
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Thanks John....Nice to see hear you are still kickin butt and taking names in the sunshine state.
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Good point and that's why my guy does NOT NOT NOT charge upfront
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I got around that point by simply charging a flat fee of $1000 as a marketing fee and set up an llc for marketing purposes. The mortgage person simply 1099's my company or w-9.
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I have actually tweaked it out a bit since my post. There is no fee at all to the seller or buyer throughout th entire process. I get 3% on the end of the deal after the loan closes. by offering it this way, I am averaging a new client a day. I understand that the risk is on me, but I am insulating myself well enough I think.
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I work with a licensed credit repair firm that has NO UPFRONT FEES. I simply locate tenant buyers, put them in the pay as items come off credit repair program and then locate a LO seller. I sell them on the fact that I have a TB with down payment money, actively in a credit repair program and I am working to assist them in exercising the LO.
Three cash flows for me here:
1. Get part of the down payment.
2. Get passive income from the credit repair firm.
3. When cleaned and ready, I hand them off to the mortgage broker and get a point or so from them.
For the greedy ones...You could make a 4th cash flow and get a piece of the action from the tenant buyer!
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Eric,
I have a buyer looking in the 75k value range that wants a 3/2 in Columbus. If you have anything, let me know.
Patrick
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I just worked a deal out with my colleague that does my credit repair. I created a system for the LO investor. No out of pocket fees, no upfront fees, tenant buyers pay as the items come off the report. Easier to budget and I have brokers that I outsource the exit loans for that know how we work.
Limited openings but I will work with Naked Folks First
Patrick
manwithwords@gmail.com
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Hi All,
Another thing I have done is look for a source that works. I located one and I use them exclusively. I like them so much, I became a referral source for them. They only charge $795 and they get everything removed within a year, guaranteed in writing.
I must admit, if all you do is dispute letters, then you can indeed do it yourself. The problem is though, dispute letters do not work. What I have found with the company that I am working with is that they dispute the REPORTING of the debt, not the debt itself. They bank on the fact that creditors do not follow all 320 laws required for accurate reporting (and they are correct), which allows them to have the item removed no matter if it is legitimate or not. If the reporting is not in line with the law, IT HAS TO GO!
Let me give you an example. The HIPPA law requires privacy for all medical procedures without the patients consent. If the bureau does not have your permission in writing to post your medical debt (which tells of a medical issue you have/had), they cannot by law post it. What does this mean? All medical collections, judgements, etc. must leave!
This is just one and there are 319 more laws to go
If anyone is interested, just email me at mbkfinancial@gmail.com
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I guess I stopped trying to fish and started raising worms. What I mean by this is as the market has slowed down, I started looking for ways to get around Craigslist. What I did was go back to my first pasion which was marketing. I teamed up with a colleague and we started using the Google Local 10 box Map space to our advantage and the leads came flooding in!
Basically, we have a method to get on the first page in Google for our area for any number of keywords like rent to own, real estate, etc. I put up a couple capture pages and poof, there are the leads. Now I can either work them or sell them or whatever.
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I have a system that allows tenant buyers to add their rent, utilities, child support, alimony, cell phone bills, basically every bill they pay monthly to their credit reports on all three bureaus thus giving them a great credit profile AND insures that your payment is received on time monthly.
It also teaches budgeting and has a budgeting system they can use and allows them monthly credit monitoring. THERE IS NO COST TO JOIN and it just costs $29.95 a month to add unlimited bills as trade lines that they age each month! It will take the lease option business to a new level.
If interested, email me.
Patrick Zanders
pnzannders@gmail.com
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Hey Guys,
Long time member and reader here. I have realized that there is an overabundance of rent to own and lease option type opportunities out there in the market now. The trick is learning to make the buyer be able to qualify. I actually have put together an entire system that works every time in getting poeple to successfully exercise their options in 6 months or so.
The cost is minimal and all of that can be on the shoulders of the tenant buyer. If you would like more information, please let me know and I will shoot you out a brief summary of what I do.
Thanks and good luck,
Patrick Zanders
pnzanders@gmail.com
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There is no doubting that we are in troubled economic times. Just turn
on your television or radio news, open a newspaper, or read any
financial based magazine and they will all shout out depression,
recession, doom and gloom. This in itself is enough to make even the
bravest of investors plant themselves firmly on the fence and watch
the good deals go by.
If you are a seasoned investor or a person just looking at getting
started, do not place all your faith in the news. Instead, use a
little known tactic referred to as 'Buyer Modification" to make your
deals flow AND CLOSE easily. By learning about Buyer Modification, you
will be able to take control of any geographic area quickly and
effortlessly.
So the big question is, what is Buyer Modification? Buyer Modification
blends unique investor programs from regional and national lenders
along with rapid credit restructuring. These two parts allow for
basically any buyer to become approved for an FHA loan in less than 30
days. The best part is there is no out of pocket cost to the investor
what so ever.
Why hadn't you heard of Buyer Modification before? Quite simply
because there is only one firm to date that offers this exclusive
service and they only work with a handful of clients. The company is
MBK Services Group Inc., a Michigan based company that works in every
state nationwide. Again, I think the main reason that they are
virtually unknown is their lack of mass marketing and working with a
handful of clients.
A main plus to the investor is quite simple. Currently, the main
problem with moving properties is not the lack of deals to be had on
the properties themselves. Quite the contrary, the deals now are
better than most any time to date. The main problem is with the exit
strategy. How in the world is an investor supposed to move the
properties that can get good deals on when most people cannot get
financed? You guessed it, by Buyer Modification.
This buyer modification system does have a drawback if you can call it
that. The investor must hold the property for the 90 day seasoning
time, which means they might need to add an extra month in holding
costs. The thing here though is that where the investor might have
typically sold the property to a wholesaler at 70 cents on the dollar
quicker, if they hold it the extra month, they can now walk away with
20% MORE in cash on the backside!
Of course, this drawback only exists with new purchases. Tired
landlords, those currently holding paper with seller financing, and
those currently selling via lease option can take advantage of it
immediately.
If you would like to speak with someone regarding the Buyer
Modification program, your best bet is to email them directly. Their
email address is mbkfinancial@...
This can definitely take your investing to the next level immediately.
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We offer totally free credit repair for anyone that is interested in purchasing a home.
Anywhere in the U.S.
Check out www.quicksell4homes.com/homebuyer.html
Anyone Needing Financing To Cash Out Their Tenant Buyers?
in Funding Forum
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I would be glad to assist. As long as you have created a decent spread for yourself, then I have a answer for you.
silentconsultant@gmail.com