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Jackie and all,
I believe your methods of creative financing of deals is very interesting. I purchased using traditional methods, but I want to have the confidence that I can make money anywhere. Now i have went through a lot of the materials on this site and most of the material is dealing with being on the ground to find your deals.
Now i live out of the country 9 months out of the year, so a lot of the methods are not really practical. I would think Jackie that with the internet the deals are easier to find. I would love to see a manual or something that show investors like us where to find deals, or Jackie if you can give me a few ideas to get started that would be helpful. I want to believe so badly, this all will work but to this point its just theory for me.
Thanks in advance
Where do you live? What about planting some seeds in the area of your location. Unless you’re at sea those months…the kicker is that it’s the same all over the world…people need a place to place to live! Find out the rules, the players, the lwas and ins/out of Real Estate in your location and I believe you can even do a few here and there anywhere! When I plan to move Panama, I’ll be doing deals there. There are three things people all over the worlld absolutley need to have no matter what religion, race or culture….FOOD, CLOTHING AND HOUSING. If you find out how to provide those needs for them, you’ll make money anywhere.
You have two choices – both great:
Even if you are in your offshore location only 3-4 months, that’s plenty of time to do a wholesale flip (or 3-4) Real Real Estate Profits on Steroids which comes as a free bonus with your membership. It explains that you need to identify buyers first then the properties to sell to them.
You can also do a Highest Bidder Sale while offshore. There is a GREAT need for this creative way to get houses sold quickly and it is very profitable.
Soon, I’ll make the Highest Bidder Sale manual available again ( for a limited time) which will teach you how to find deals anywhere in the world, then sell them quickly.In Alabama, I suggest you run ads on craigslist in the part time jobs section to recruit people to find deals for you. Explain that you are looking for houses which are NOT LISTED that you can buy with seller financing. Either they or you need to run ads on craigslist.com every day seeking motivated sellers. The recruit will call to get the basic information ( see seller questionnaire in the book) then get the information to you. You need to be the one who makes the call to make the deal. Then YOU need to be the one who writes the agreement but your recruit can take it to the house and get it signed.
Hire someone else who finds buyers (seller finance wrap) or renters for your property.
You don’t want 1 person to see all the moving parts because then you just trained your competition. It is important that the person who finds the deals is not the same person who finds the buyers/renters.
I think I remember you saying that your Dad is a realtor. Perhaps he could find the renters or buyers for you. But do not put him in charge of both sides of the transaction. Sorry but realtors, even family, just don’t have any creative bones in their body because he has been trained to do everything the traditional way. If they don’t understand how to do something, they will tell you it’s illegal ( which it usually is NOT)
Jackie,
Thanks so much for the response. I have a virtual assistant that works for me so maybe this can be another assigment she does in posting the Craigslist ads???
What should be a typical ad? How many times a day? How many markets???? Does that really work?
My father in law is a realtor. He can help find buyers or renters I suppose. Do i give him marketing guidleines or let him do it himself? Should he be marketing for renters or buyers before I have the deals lined up, or just wait until I have a deal under contract?
Where to find more information on the highest bidder concept. Sounds interesting.
Thanks so much and sorry for all the questions.
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