Selling To Investors

Thanks for any feedback I receive.



I have began contacting homeowners that are in foreclosure in California, but it becoming clear that finding investors to sell to is going to be a little tough.



Should I wait or not to become involved in buying preforeclosure homes to assign and any thoughts from investors on investing in California at this time.

Thank you

Comments(7)

  • Stockpro991st December, 2007

    Go to your local investors association and there should be plenty of people there looking for a real deal on those properties.

    Alternatively you could license and retail them as an agent..

    I always believe in multiple streams of income.
    [addsig]

  • cjmazur1st December, 2007

    it varies greatly. and this has been discussed on here many times.

    I see the key is what is the value add that you provide. The greater the value, the greater the ratio.

  • ypochris2nd December, 2007

    I take half, and we are both happy. I do get paid for my rehab time also. Others have told me I should be getting more, but as I said, we are both happy.

    Chris

  • John_Carter2nd December, 2007

    Yeah, 1% of purchase price. Payable every year -- plus tack on some school bonds, landfill dues, and a few other misc items.

  • schnibitz4th December, 2007

    Thank you to all who replied, much appreciated!

  • bargain764th December, 2007

    Ask an insurance agent to quote the insurance premium for the coverage you desire.

    $ amount of coverage and liability, property history, deductibles, flood zone, etc., etc. all go into determining cost.
    [addsig]

  • ypochris4th December, 2007

    You also have an insurance score, just like your credit score. People with a better score pay less.

    Chris

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