My Real Estate Issue ( PLEASE READ )

Why do you need money to lock these properties up?

That will do funding for a couple of days. Are there laws in your state that don't allow you to auction it when you only have a contractual interest in the property?

with the seller or through a realtor? You can put up an ad without locking it up and see if you get interest, the worse thing that happens is you don't get the properties locked up, and it ends up being a ghost ad, but you may get some buyers out of it.

with as little as a dollar

Get the properties under contract using the POF the transactional funder
supplies. Have a seven to 10 day inspection period in the contract. Find a buyer in that time and arrange a double closing using transactional funding. If you can't find a buyer use the inspection clause to get out of it. Its true that your buyers funds must be in escrow before any transactional funder will wire in their money. You MUST have a buyer lined up so why don't you have one in advance? It will have to be a really good deal to attract a buyer in 7 to 10 days! One more thing, if you plan on auctioning to a owner/occupant they usually take at least 30 days to close, usually 45.

Good luck!
Michael Mangham
MD Home Acquisitions LLC

http://www.mdhomeacquisitions.com Seller site
http://www.mdhacq.com Seller site
http://www.mdhomea.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird dog, door knocker site

Thats what I'm not getting neither is why? are they asking for money when I'm only Locking the Homes up under A Contract .

I have written the Realtor Explained to her exactly what i'm trying to do here cause I don't think she understood what I was talking about so I'm awaiting on her responded .

Thats what I'm Trying to understand is why? are they asking me to put up funds now So I've contacted the Realtor & explained more clearer what I'm wanting to do here .

It sounds like your deals may potentially be good ones, but it sounds like your Real Estate Investment Team isn't set up yet. It's very important before looking for deals to have your real estate investment team, because what good are the deals if you can't lock them up. Hard money lenders and Transactional funders are a part of that team. You need to search around in your area to find what fits you funding wise and do your research on the funders. You don't want any surprises when it comes to locking up and purchasing your deals. That way when you find some good deals as it seems you have, you're set to go with no doubts in mind.

Same thing goes with having a handyman or a mortgage broker or anyone else involved in real estate. You never know when you're gonna need one and you definitely don't want to stress and scramble to find one at the last minute. ITS SO SO SO SO important to have them on stand by so they're at your disposal when you need them.

I hope these deals fall toghether for you

Best of Luck

Jordan

I have found out that You don't need A Huge team in order to make the Deals .

I've already found plenty of Funding companies , its just that I think the realitor don't understand exactly what I'm doing .

plus I have found Away of doing deals without needing A huge team if you look at it all you really need is Funding Company , Real Estate agent with good properties cause the Real Estate Company I'm dealing w/ Already has A Escow Company ect ect.

So Really All I need is to Get A Buyer , getting A Buyer or finding A way to get A Buyer is my issue here Not Having A Team .

Have to find A Buyer .

Ok I'll try this right now * & True the Auction Company Closings are 30-45 Days Gosh thats Long .......LMAO but hey I'm getting A Check in the mail so I guess its not BAD!

In your original post you said "Heres my Issue The transaction funding company won't give me money unless I have A End Buyer." My point was simply that this is information you want to know before you go searching for deals. It's not something you want to find out in the middle of a deal. I was simply responding to your original post.

And whether or not you need a BIG Investment team depends on what strategy you're trying to do. You never know when you're going to need someone out of the blue. I myself do need a big team and having all those people makes my life a whole lot easier. So i guess we can agree to disagree on that

best of luck

Jordan