First time homebuyers are starting to come out of the woodwork at a very fast pace. I have done the research and marketing so you don't have to my friends. When you put the current mortgage rates, homebuyer tax credit, and aggressive prices together you get the perfect recipe for first time homebuyers. My agent, Star, is working about 12 hours a day to try to handle the demand for first time homebuyers calling her. It's crazy. Here is what I am doing right now. I am selling 4 of my houses in a small town as the renters move out. I had one go vacant that I bought 2 years ago for $35,000.

I recently spoke with a few different realtors as well as my own. They are seling like crazy and that because with the market and the economy the way it is right now, they only sure thing is REAL ESTATE. But here lies the problems for the the REI. Offers you re putting in are not getting accepted because others are coming in at or ABOVE FMV. So how do you counter act that.

Hey DG Fam.... I have been rather busy working with 2 different RE agents on 50 REO props.... As many of your might be aware... Lenders typically will not accept your initial offers, but that doesn't mean you cannot "counter" their offer!!! So, I am waiting for my initial REO offers to come back from the lenders. I did discover today one of my REO's was pending, so I am not a consideration for that one!! ....

Something funny happened on today, my RE agent emailed me saying...

Hey everyone. I just got my first house today and I have to give a lot of credit to Deans new book. Over the past four weeks I have put in over 200 offers on homes all at least 35% below value. The detail in the book was just awesome and Matt Larson's information has really made a huge impact on what I'm doing. Now I know that my 200/1 ratio is not the same as Matt's 25/1 but I will get there. I got my first house at about 45% of its ARV, and am looking to put about 12,000 into and refi it in about 14-21 days.

At least I now have 3 that will accept and/or assignees contract in my area. This works for me so maybe it would work for you too. Now this if for FSBO's...and it helps to be a great talker to do this.

(This is a way to get talking to the escrow agent and making a friend...always make a friend first before asking them to accept your assignment contract)

What you do first is call a title company. Get in a conversation with the escrow agent first and let her know you want to find out how much exactly it costs to close a property for XXXXXX.