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in reply to: Another Master Lease
congrats Jackie on another master lease property. I am curious of how you are proposing the master lease concept to sellers?
in reply to: Luxury Homes – Foreclosures up 60%Jackie or others.. for owner financed deals, how do you get around the fact that the owner of the property wants a downpayment and you may not have that amount?
in reply to: Luxury Homes – Foreclosures up 60%Funny you should mention. I might have an opportunity for a HBS in california. I need to get more info from seller before I would propose it. property is vacant. value est. $1.3m. based on your vast experience doing HBS, is it easier to do one for Highest Price or Highest Downpayment for higher end homes?
in reply to: Highest Price or Highest Downpaymenthmm, hard to get homes that low of FMV unless the home needs lots of work. due to the severe housing shortage here, homes are getting multiple offers within days of going on the market, often selling in some areas more than asking price. In such a situation, could i offer to split the profit anything over say 80-85% of FMV with a seller?
in reply to: HBS for land and/or mobile homesOk, I would assume that since land is sold via auction, that it is possible to do the same with HBS or some auction like modification.
when you did the HBS on mobile homes any thing you added or deleted from detached SF homes?
in reply to: Highest Price or Highest DownpaymentI know of a guy here in southern california who has done 6 HBS, 5 sucessful sales. he said that he is getting between 92-94% of what he feels is true market value.
If that is the case, I would need to option/control at probably no more than 85% of true market value for a decent profit margin. I would take a 5-8% profit margin on $300k and up homes any day of the week.
in reply to: Highest Price or Highest DownpaymentThanks Jackie. what specific measures can we take to protect the interest of a homeowner if we elect to do a downpayment HBS. the greatest concern for sellers in that circumstance is what do i do if the person stops making payments
in reply to: how to: master leasethanks don seems that you have some experience doing ML
let’s role play here:
im the seller and you are the ML buyer, what would you say to me that would get my ear to the benefit of doing a ML? I think that was the central question, panama preacher was getting at?
in reply to: buying option for downpaymentdon, i believe that, you were the individual who was doing options for downpayments, how did that work out? were you able to get that through underwriting?
in reply to: how to: master leaseGreat question. i too have wondered how to present a master lease option to a prospective seller.
in reply to: where have all the conference calls gone??Jackie, i misspoke, i found the older conferences calls
in reply to: where have all the conference calls gone??Jackie,
those calls are no longer on the website. i have checked each category. it seems that alot of calls prior to 2010-11 are no longer available. not sure why?
in reply to: toolsJackie, will you also be sharing your new marketing technique here for cash flow members who do not attend the convention?
in reply to: Highest Bidder Downpayment SaleJackie, how long does it take to get paid or close the deal when doing a downpayment auction?
what is the most you ever got as a downpayment from a buyer?
in reply to: 1st Highest Bidder Sale in Panamajackie
please tell us how your HBS fared this past weekend?
in reply to: Tell Me What You Wantditto….. role playing and how to negotiate with sellers and buyers would be very helpful as would section on deal structuring.
in reply to: Tell Me What You Wantim on a roll
if you go to http://www.khanacademy.org/ the author of this website has myraid of short videos explaining such topics as calculus, modern history, economics,etc.
it would be great if cashflow depot developed something along that line but pertaining to real estate investing. short 5-10 min videos showing and explaining how to create and sell a note, design a marketing pieice, etc….