FAQ: Answers To The Most Asked Questions - Start Here

I currently active military living in Jacksonville, NC. I have spotted a possible great deal, a fix and flip for 25,000. Is there anyone in the area I can speak with to work on my first deal. Thank you.

Hello Robbie, my name is Ricardo and I'm currently looking to work on my fiorst deal. If by chance you find the help you seek, would you be able to share your findings. Thank you

I just listened to the Empowering Conversation with Charrissa Cawley and I REALLY want to get a copy of her book--does anyone know where I can get it--looked online and can't find it!?!?!?

My friend has a home in Gold Canyon, AZ. Zillow values it at about 360K but the range is all the way to 460K, but she owes the latter. Is on time with all her mortgage payments but just wants to get out. She would rather not have to file BK, but doesn't have much choice at this time since she is the only one working at the moment.

Wants to take her name off the note and prefers not to Rent it out because it kind of creeps her out, and fears that renters will only trash the place...

Any ideas from the gurus are welcome?

i was thinking of selling a house on ebay; i don't really have the time and money to have it rehabbed right now. the house is located in detroit, mi; i contactred a real estate agent to try to get it sold but she turned me down because she said it was not safe for her to go there; anyway i received the house through quit cliam deed and want to sell it; i have never sold a house myself before so i just wanted to know what papers would i need to go through with this.

thanks

Every step you take to reaching your dream is a positive one.

From my limited understanding, you should shop for deals for your buyers. You'll want to get information from them as to what they are looking for (i.e. what part of town, how much equity they want to have, what price they want to stay under, etc). Once you know what they would jump on, then you find the property that meets that criteria.

Hope this helps,

Stephan

I am very motivated about getting into the real estate courses,but have a question. If banks no longer do 100% financing, then how do I buy these homes when I don't have the cash so I can refinance them in a month. Please someone answer quickly. I am living in my truck,jobless and struggling mightly.

First thing is to get one of Dean's Books. Even if you don't have the money to buy one, you can often find one at your local public library.

Secondly, you have to be creative in the deals you put together. Example, if you've already located a local bank that will do a "no season" refi, and you've purchased the property at a deep enough discount, then the refi should cover your purchase price plus some.

One example of how to purchase the property is if you found a seller who is willing to do seller financing. So, they are carrying the note, until you can get it refinanced.

Hope this helps,

I signed up for a seminar that I saw advertised on television. I was told I would receive an email or text with the date and time and have not received either. Are these events listed anywhere? I have looked on this site as well as google. The hotel this was scheduled at has no record of the event. Tarrytown Marriott in NY. I am trying to get someone to go as well.

New to real estate, Dean has really put together a great empire here. My question is this to get a better understanding.
If a property is sailing for 119 and the FMV is around about 150 to 160. And I purchase it for 95, where is the equity. Is it
From the 95 to the sailing asking price of 119. Or is it from the 95 to the FMV of 150

I keep Dean on my email list because he appears to be sincere, intelligent and provides a lot of interesting information. I have an immediate need to supplement my current income. I believe I can allocate 12 hrs per week to work for Dean for FREE. I would think that this is something Dean would consider? Note: I have 12 years of traditional, conventional Real Estate & Mortgage Industry experience. I am very interested in Dean's unconventional, non traditional methods. I look forward to hearing from Dean soon! Have a fabulous day!

RN

I keep reading the positive comments here and like Dean has challenged many a times,"Keep the negative out of your everyday life" I have done this as best I can. I have read the book and enjoyed it once I got into it and really learning how it works, but I find myself at a brick wall...not sure if it's all nerves or just not enough knowledge...I feel unsure of where to start it all...some DG members suggest REO's, others forclosures...I just want to start already and make some money...Please advise on which road would be best...thank you all who contribute and make us "newbies" feel comfortable and confident to move on from a stand still.

am currently building a buyers list any advice as to some best techniques to go about it ?

Hello, I have found a deal where the house was for sale for $89,000 and I talked the guy down to $80,000. According to the TotalView website, the house is worth $136,000. Now since I talked the guy down, can I now approach an investor and try to assign it to him for the $89K and pocket the $14,000? Or, should I just charge $5,000 to re-assign it? I would really appreciate your help. Thanks,

-Mike

Hey all,

I need your help. My private money lender backed out this morning due to unforseen circumstances. I am to close this deal on Friday Oct. 15. I only need the PM for 6 weeks while the refinance is being processed.

Any help or suggestions would be very appreciated!

Thanks,
Tiare

Hi my name is Bill and I'm from Canada I would like to know if this program would work for me because I notice there's never any mention of anyone from Canada doing this.Is this strictly for residents of the USA.or can I participate in this as well and work from my laptop to find buyers and sellers in the USA.

Hey Kameleon

I am just starting out myself but have some RE background.

The equity will be the difference between what you owe and what you can sell it for, on any deal. In this case assuming you bought it for 95K and it could actually sell for 150K your equity would be $55K.

Hope that helped.

Best of luck with that.

Steve

I wish I could help.

I really think you should also post this on other forums and start a new one with this as well. That should get you maximum coverage and exposure to other members. You will be far more likely to get help with this if you are posting in a thread where others in a position to invest are reading.

I really hope it works out for you.

Best wishes

Steve

I am currently reading my first DG book (YTYREP) and so far am leaning towards re-assignments to start with but may feel differently by the time I finish the book.

I really believe it just is a matter of what you feel the most comfortable and confident with. Also your own assets such as funds, credit, contacts factor in of course. So if you really don't have any such preferences I would suggest you check out an REI group and see what kind of deals investors you meet are interested in doing. Then partner up with them. That could also be a good way to start out since you have the support and security that the group is unlikely to make any big mistakes which could cost you money. If they are experienced and know their market that is.

I am considering contacting these groups to find investors with money that will fund my deals.. er make that our deals. Since I can only contribute the research and leg work. I don't have money to invest. Once I do have money to contribute I am interested in getting in on large scale deals with an investment group. I believe there is bigger money to be made there.

Just some ideas.

You might even find a suitable partner on here like Jan and Jeremy did.

Steve

I ORDERED THE YOUR TOWN YOUR PROFIT SYSTEM AND KNOW NOTHING ABOUT REAL ESTATE HOW OR WHAT DO I DO FIRST?
THANKS GUYS

I LIVE IN NC AND WAS WONDERING HOW DO I START OR MAKE MY 1ST DEAL.?

Terrie,
Matt Larson suggests that we have our realtor printed out the cash sales for the past 90 days. I haven't tried it yet as I am about to switch realtor's - mine won't give me the sales without blacking out the buyers names.

Jean Jarman

Good afternoon everybody=)..ok so..I was curious to know what I can do to create a win-win situation. If I have 'wholesalers' sending me properties obviously under market value..what can I do to lock it up under contract so I can market it to my list of 'wholesale' and/or 'rehab' buyers? What contract would I need and is there any specific wording I should stipulate in the contract? I recall hearing that there's a way to put an 'option' on the property for a $1, market the property to get an offer for the spread I want, then 'exercise that option'. Can anyone shed some light on this situation and enlighten me?? I would love and greatly appreciate the assistance.

Hello, Everyone! We would like to know how to do a title search on a home, before we assign it to an investor? Please help us! Thx!

To:Boi212,

You may be able to make a simple option to purchase contract. State the price that you will be able to buy the property for, the conditions(subject to inspection, etc) the term of the option (30 days more or less). Then when you find a buyer you can purchase the property knowing that you already have a buyer. Show the buyer the property and work out a deal with them. Maybe you can use the buyers money to purchase the property with the option to buy.

Dean has contracts and other forms in the documents section already to print out, but an option to purchase is not one of them.

Further research on options and other ways to purchase without money may help you in your situation.

Hope this helps because I,m just learning this REI stuff myself.

Jamesbrian

Title companies will do a title search for a fee. You may get a break on the closing costs they charge if you also use them for the closing. Hey everybody, everything happens at the Title company at the closing. That's when everything is settled and everyone gets paid. If I'm wrong or missing something about this please let us know.

jamesbrian

Can I do the title search online without a title/search company?

HI I WANT TO GET INTO TAX SALE OVERAGES IF ANYONE IS WILLING TO GIVE ME ANY INFORMATION OR A STEP BY STEP GUIDE PLEASE FEEL FREE THANKS IN ADVANCE

Hello, Everyone! Can someone Please Email us or Post an example on how to Fill out a Purchase and Sale Agreement when dealing with a wholesale deal???? We would really appreciate the help. Thanks!!!

Email: P.Willis2114@****

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