Advice/investing/help/foreclosure
Currently I am a realtor, 40% of my business is REO (foreclosures), with that background and experience, it kills me to pieces that I cant find the cash needed to do it myself. Any advice or ideas would be great. The clients I work with get 2nd mortages or have cash on hand. I have alot of ideas but have yet to find someone that has the capital or a bank willing to give me a loan. My credit is not long enough, its great but not alot on it. So like I said any help would be great! I even have a business plan!
Aaron
**Please See My Profile**
People use their own money and credit to buy Real Estate? Man, no wonder why you're frustrated.
Seriously, I'd suggest reading up on "Subject 2" investing, Lease/Purchases, and read up on the marketing forum, and also the bird-dogging forum.
Many people miss one thing about bird-dogging.
Bird-dogging teaches you how to find properties! Bird-dog for yourself, and when you're good at it, you'll always have deals working.
Spend a couple of weeks here on this site, and read how some of the pro's do it. Read all you can, and then begin to apply what you learn.
Have you tried Hard Money Lenders?
I dunno 40% thats pretty good I would take some of those guys to lunch and see how they are doing it.
See I can find the properties just being able to move on them before there gone, without having the cash is hand is hard. Everyday i learn something new if this business. I hope that everyone has a wonderful Christmas, thanks for replying.
being in the business you know that if you see a good deal you have to move on it quick or someone esle will. thats where cash is king. i have made deals that agents said the buyer would not accept only to have the deal taken from me buy someone offering a few k more and the owner taking it. this was where the agent had a ringer and left me in the cold. ggod luck. kenmax