Finding Deals In CA, Specifically In Bar Area

Comments(8)

• 
  worknomore15th September, 2005

  Try posting this question in the marketing forum. Since that addresses how to find deals.

• 
  GQ15th September, 2005

  What are the numbers?

• 
  nahurricane11th September, 2005

  find the buyers first and buy in the way and area they want Frank B[ Edited by nahurricane on Date 09/11/2005 ]

• 
  JohnLocke11th September, 2005

  ambitious1,
  
  Glad to meet you.
  
  The first thing that comes to mind in what you are trying to do, in your words is to "bait" the investor.
  
  If this is your attitude then it probably shows to those who you come in contact with. You whether you believe it or not are in the sales business, because you are trying to sell a deal to an investor, also why they should purchase from you.
  
  When you submit a short sale offer to the bank you are doing it to help the person in the property, did you tell them you would be selling the deal to someone else or are you prepared to close on the deal yourself?
  
  Just a few things that come to mind.
  
  John $Cash$ Locke
  [addsig]

• 
  Stockpro9911th September, 2005

  I agree with John, that said, in a SS you cannot assign the contract without the banks knowledge and they will kill the deal. Generally we have to close those and then close with the end buyer/investor.
  I think that maybe working as a bird dog would be good for you and give you the experience you need.
  You need to recognize a good deal to sell one, and it needs to be a good deal for them too!
  [addsig]

• 
  worknomore15th September, 2005

  Hi Ambitious1,
  
  Its amazing that you are getting into one contract every month with a foreclosure deal.
  How do you contact the owners - Do you call the owners in default, door knock, or do you write letters?

• 
  jfmlv195016th September, 2005

  Here are a couple of links that might help:
  
  http://www.thecreativeinvestor.com/residential/ViewTopic46676-26.html
  
  http://www.thecreativeinvestor.com/residential/ViewTopic48767-26.html
  
  
  John (LV)

• 
  billfaith16th September, 2005

  Thank you. I appreciate it.