Realtors, Do You Mistakenly Think Banks Don't Need Investors? [Video]

By
Services for Real Estate Pros with | Real Estate Radio USA
https://activerain.com/droplet/454M

I've been reading some posts lately wherein some here on AR seem to think the short sale flip is going the way of the Dodo bird and that banks don't want to deal with investors. We also have read many articles talking about how banks only want "market value" and as such, we as Investors will be riding off into the sunset.

Well, I'm here to tell you first hand that NOTHING could be further from the truth. If you only knew how many calls we get from banks to clean up deals that Realtors who had no business being involved in a short sale screwed things up.

Maybe it's time to stop calling us all of the names like bottom feeders and scam artists and such and simply refer to us by what we really are. Liquidation specialists.

Take a look at this property and you tell me who is going to buy it? Mr. and Mrs. New Homebuyer? No way! The only people buying up these dumps are real estate investors and the real estate investors who know what they are doing are cleaning up on these junkers. When I say cleaning up I mean 5 figures plus per deal or more!

If you learn how to find these dumps and if you know how to structure your offer, and then you can substantiate your values and repair estimates...then you are going to make an asbolute killing.

This deal represents a 5 figure payday for us while the agent makes $150.00. Think you might want to be partnering with us? You know how to find us!

Real Estate Radio USA.

Enjoy the video...and before you say these are the only types of properties that we buy...save it. We do this all day and all night on properties in the hood to luxury home son the water. Banks need us and banks want us. If Realtors would actually work with Investors instead of treating us like adversaries, we could make you guys a bunch of money...just saying!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Groups:
All Things Florida
Bank Owned Real Estate
Florida Real Estate Investors
Miami, FL Real Estate
Short Sale REALTORS®
Tags:
rei barcamp
real estate investing
real estate marketing

Spam prevention
Show All Comments
Ambassador
1,230,487
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County
Glad to here that this model is working well for you. In my neck of the woods, we have only seen measured success in this area.
Jun 08, 2010 03:00 PM #1
Rainer
51,510
Real Estate Investing |Real Estate Investment
| Real Estate Radio USA - Fort Lauderdale, FL
Hey Melissa...our business model isn't buying these kinds of properties. Our business model is buying anything that makes us a profit. This was an illustration of why we know banks will NEVER abandon the real estate investor. Today I picked up a move-in ready quadplex and a 3/2 with a pool...both for nearly 40% of value. Our "model" works in any price range.
Jun 08, 2010 07:04 PM #2
Ambassador
1,730,056
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Barry,

I was approached by "investor" and I was happy to start looking for properties for her. Money was not a problem, so we were happy. Found a great development with 5 homes owned by a builder. In pre-foreclosure.

Long story short, the "investor" is buying with no money, it is basically a flip. She subscribed to some program where guys teach her how to do it, and she is running around trying ot line up properties and hoping to reap a lot of money.

If you have the criteria, that I can better understand, I would  be interested to see if we can play it.

Thanks

Jul 31, 2010 05:26 AM #3
Rainer
51,510
Real Estate Investing |Real Estate Investment
| Real Estate Radio USA - Fort Lauderdale, FL
Hey Jon it's pretty easy to sniff out the players and the wannabees...not that the wannabees are bad. They just need to be open. For instance, simply ask upfront, "Hey Ms. Investor...are you going to be closing on this property yourself or are you going to be looking to wholesale it out"? Real easy question. If they lie then screw 'em and hang up. If they tell you their true intention then work with them and make the deal happen. There is nothing illegal or unethical about ti. I have dozens of people who go out and find me deals. Their job is to find them, lock the deal up and I'll step in and help them wholesale the deal out for a payday. Nothing illegal whatsoever about it and we all make great money doing it. When you say criteria...please fill me in as to what you are referring to and I'd be happy to communicate with you. I applaud you for being open minded in this regard. It might surprise you and you may find yourself opening a new revenue stream in your business.
Jul 31, 2010 05:36 AM #4
Rainer
154,570
James A. Browning
Browning Real Estate School/REO Institute - International, IT
MRE REOCertified(R) SSCertified

Thank you for sharing your blog; we need Real estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Colorado; Spring is here in the Rocky Mountains

Apr 24, 2012 06:32 AM #5
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?