OK, Lets’ get excited and see who can put the most offers in over the next 7 days… He are the quildlines to follow…
Make offers on any properties you want to flip or own.
Post at least once per day your successes… That can be an as big as an offer accepted or as small as an offer made.
3 One condition… This is a Listing Blitz… Offers are on any property listed by an Real Estae Agent…
There are a ton of properties out there owned by banks as well as individuals that they need to sell and sell FAST… Make offers…
The idea of this Blitz is to remove your fear of making LOW offers… It is a numbers business…the more offers you make the more properties you will get…
Don’t worry about where your going to get the credit or the mony if the offer is accepted… JUST MAKE OFFERS…
When your offers are accepted contact your local RE Investing group and market your property to them… 1K or 10K… Sell it and walk away with your money…
Remember post your daily results as well as questions on what to do when an offer is accepted or how to make an offer to a RE Agent…
BOTTOM LINE LEAVE YOUR FEAR BEHIND START MAKING OFFER TODAY!!!
Limiting yourself to only MLS propertie means your chasing retail and missing the fact that many “good deals” NEVER hit the MLS.
By not having the resources to pull the trigger lined up before you start making marathon low ball offers will piss a lot of people off and hurt your reputation as a serious investor.
Participating in a “blitz” like this won’t help any fears about making low ball offers. Low ball offers are for people who only know they want to pay a lot less but have no numbers to actually back their offer up. Define your criteria and make an offer based solely the property’s financial operations. Then you’re able to back your offer up.
Your entheusiasm is good but you have to have a goal, a plan and a team to help you achieve that goal. You also have to have specific criteria for the properties you want to buy. Take the time to do it the right way. Good luck.
15 Offers on MLS properties…2 Accepted at and average of 80K below market value… 160K for Presenting LOW offers… I have both properties sold to other investor at 30K for fee… Will close all cash… Adding investor to contract as partner at closing after 30K assignmenrt fee… I will quick Claim property…
I guess it works… Only one way to get deals…But a very good one.
Cash…First Sorry for the spelling I am not the best at typing…
To answer your question… I am closing the transaction with a warrenty deed first… I added my money man to the contract we will close with a warrenty deed and both of us on title… After closing I will quick claim the properties to my money man for the 30K fee… Using his money to close the first transaction…
So in 5 days you were able to identify, look at, inspect, and perform all due diligence necessary to make a sound investment on 15 properties. What did you do? Tell your Realtor to send you the first 15 multi-units on the market and make offers on them all without so much as actually going to see the properties. That’s not a sustainable business model. In order to make offers on 15 you probably had to see 30-40 in order to find some that were actually worth pursuing. In addition, market value means zero in this market. Right now market value is what people have been overpaying for in the past few years. It’s not about market value, that’s a made-up, subjective number, it’s about the cash flow on the properties.
I wish I could participate, but I have nothing to purchase a property with so I will have to sit this one out like a little school boy who couldnt go out to recess
