Getting a REA in your team!

The seller pays the agent's commission. If there is a listing agent and a selling agent, they have to split the commission. They all know this. Very seldom will you find an agent that lists the property as well as sells the property. If it is on the MLS, any agent can show that house to their client. That is not anything you would need to be concerned about since you are assigning it to a buyer.

Shirley

So if my agent sends me listings and we make a few offers through him, one offer gets accepted.
Then the seller will be the one paying for my agent's commission.

I want to start submitting some offers, but my agent needs a POF. If you were planning on assigning most if not all of your properties for now, how can you provide a POF? Is it really necessary to do that in order to submit any cash offers through an agent representing you?

We want to get 2 offering systems set up. One through an agent and another that we submit ourselves through FSBO leads that we get through our marketing.

Thanks anyone!

You are correct. Seller will pay the closing costs on offers made through your agent.
A POF has become a topic of conversation across the nation. I submit my offers without one, and wait for the counter offer requesting one. I personally will not spend the time getting a POF on every property I submit an offer on. Some will request it, others will not. It's going to be a deal by deal thing. Take it as it comes.
Good strategy and attitude! Keep it up.
Good Luck

I see, you have found an agent or two.
Which source did you find them through?
E-mail, phone call, personal lead?

Keep up the good work!
Zsuzsa

I submit a POF and a copy of the earnest money check with every offer I make. This makes for a strong professional offer. The seller will see you are serious player. I believe you will get more accepted offers this way. Others do it differently and that is fine. This is just how I do it. Check out my TF and POF site below. Great stuff!

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC

Thanks Clarsen, I appreciate it!

Zsuzsa- Thanks and we actually got them all from a craigslist ad. You remember that agent script from Profit from Real estate and 30 days to RE cash? We posted that on Craigslist and get agents emailing us everyday.

Michael- With the earnest money deposit check, you send them like a photocopy with first offer? And then when it gets accepted you send them the real thing? Is a contract legal and binding even if you have $0 for earnest money? I've read that it needs min of $1 to be binding.

Seems like, I am in the dark side, I got 0 feedback.
I am renewing the ad every 3 days.
Looks like, I have to find another path...

Under what section in Craigslist did you post your ad?

I put it under 'real estate jobs' and I guess agents go looking there alot. Very good feedback. But I'm actually not going to work with an agent to submit offers. If I can find an agent to be able to just run comps for me and then I get a deal I will pay him X amount.

Have a meeting soon with a Realtor who is also investor/wholesaler. Hopefully will learn alot from him and be able to work together with him so we can both make money!

Did you get your bandit signs out? Any feedback on those?

I posted in the "real estate job' section.
Looking for agressive real estate agents (Englewood)

(I am a real estate investor, looking to do 2-4 closings per month, and I need an agressive agent who isn't afraid to put out lots of low offers.
I not only represent myself, but I also have several investors from Europe and the USA in and out of the area, that I help find, rehab, rent out and manage properties.
Some of these properties I will buy and hold myself, some of them I will sell to other investors, and some I will buy, fix up and flip, while I want to turn $$$$$ profit.
I use several strategies to buy and sell properties quickly, including making verbal offers when permitted.
I will look at a lot of properties, and buy only a few, so an aggressive work schedule will be required.
If it sounds like you, and you want to be part of our team, contact me. )

Just arrived home from the bandit sign family party.
It was fun, my husband was driving, and my two children were helping me to put the signs out.
We put out 15 (Walmart, Publix, Dollar tree,busy intersections, 3 churches, McDonalds)
My only feedback, that on the way home I've seen that from the exit of the McDonalds my sign already disappeared.
I made 5 more and put them in the neighborhood later.

Do you know the http://findcompsnow.com/
You can find comps there.
I was looking for cash buyers on that site, and wrote 75 letters, that I will mail tomorrow.
There are so many things to do, and learn.

how to get a realtor