EXAMPLES OF LEADS, WHOLESALE FLIPS, AND JOINT VENTURES

Here are some examples along with the results of leads that people have called about.

A gentlemen (Mr. Fast Thinker) who is a member of our real estate investment association) called me one Friday about a pre-forclosure property he found. He was supposed to be closing the deal with the bank on Monday. He  found the pre-foreclosure and set everything up with the bank and an attorney but didn't have the money to do the deal himself. He found someone to partner the deal with as a financial partner. But when it came time to write the check, the financial partner couldn't be found. This is all too common with private investors not knowing the foreclosure and rehab market. They either don't have enough time, information, assurances, nerve, and sometimes money!

Mr. Fast Thinker remembered me from the real estate meetings and called me. He said he had a good deal on a pre-foreclosure but needed to close on Monday. I said to him "this Monday?". He said yes and told me what happened. He gave me the details over the phone. Mr. Fast Thinker offered me the finanial partner position in this deal. I immediately decided to see the property. I told him I would meet him the next morning.

I went to see the property. I liked the area and the street. I told Mr. Fast Thinker that I would be at the attorney's office on Monday with a Cashier's Check to buy the property.

My criteria for the purchase was met and my criteria for a joint venture was also met. So we did a joint venture deal on this property as Mr. Fast Thinker is the working and supervising partner of the rehab job. 

This almost defunk deal for Mr. Fast Thinker turned out to be a profitable deal that will put cash in his pocket. And all he had to do was call me!

Another was from a gentlemen (Mr. Ed) who was fixing up a property to sell. He was struggling with trying to pay the contractors he hired to do the work which resulted in a slow rehab project. Mr. Ed bought the property right and thought he could swing the rehab costs.

Mr. Ed also didn't have too much experience dealing with contractors and the prices he was getting was higher than he anticipated. And when the contractors saw Mr. Ed was struggling, they were skeptical to continue working.

I was introduced to Mr. Ed from someone who knew what he was going through and asked if I could help him out. After hearing Mr. Ed's story I offered to buy the property as is and also pay the contractors what was due them without hagling their price. Since Mr. Ed bought the property for a good price I was able to purchase the property at a fair price myself. This fair price got Mr Ed off the hook with his lender and the contractors. I even made our offer high enough to make Mr. Ed a nice profit for his efforts. He was pleasantly surprised. So by dealing with us, everyone came out a winner. Mr. Ed, the contractors, and us.

A gentlemen (Mr. Quick) called us about a deal he already had under contract. He was busy with other deals so decided to pass this one along to us. He gave me the comps (arv) in the area along with what he thought the rehab would be and the price he wanted for the deal. We did the numbers according to our formula. Everything seem fine. We then went to see the property. The next day I told him we would buy the deal. Mr. Quick got a nice sum of cash for his efforts.

Another pre-forclosure deal. (Mr. Can Do) called me and said he wasn't sure if he could get his financing before the bank's deadline of accepting the deal. Mr. Can Do asked if I would be interested. He had all the comps for the property from the area to show me what the ARV would be on the property. He then told me the price he would like to get for assigning the deal to me. I showed him why I couldn't pay that price and that he needed to get a lower price from the bank. Mr. Can Do agreed with my numbers and went back to the bank. After one week, the bank got back to him and lowered the price again! Now I took the assignment from Mr. Can Do and he got his price. So by being honest and upfront on what the bank wanted, what Mr. Can Do wanted and what we wanted, we worked together to get the house for the price I needed  in order to do the deal and get Mr. Can Do his price for the assignment. Another done deal.

These are cases of people finding a deal and calling us to buy it. We pay high finder fees and assignments. As long as the numbers make sense to us, we don't care how much you make. We make the lions share on deals we find ourselves. So we are content with paying those high finder fees to those who give us their deals while still leaving us our normal profit margin.

Our finder fees or referrals always depend on the deal.  But make no mistake. I don't know of anyone else who pays the kind of finder fees, referrals or assignments we pay.

It's simple. We want your referrals.

We thank you for your referrals.

We pay you for your referrals.  Period!