OfflineJust a questions as to how to work with this person who has 2 months to move. I should probably have them see my mortgage person first to see what is afforable?
They gross $6300 a month!!
Should I pass them off to RE Agent for fee?
Or keep and try to find home, I guess a FSBO right?
after I know what is afforable..
Thanks
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Ask your mortgage person to Pre Approve your client as to how much mortgage/house they can afford. Your Mortgage Guy will determine the DTI- Debt to Income ratio. Pre approval letter can be generated in less than 10 minutes. Agents always ask for a Pre appoval letter from the buyer before they make an offer. Hope this helps. LA
Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-
Real Estate agents cannot pay you a fee for a referral.
"NOW GO FIND A DEAL"
Watch your thoughts; They become words,
Watch your words; They become actions,
Watch your actions; They become habits,
Watch your habits; They become character,
Watch your character, it becomes your destiny.
Frank Outlaw
As mentioned previously, re agents can not pay a John Doe a referral fee unless John Doe is a licensed RE broker/agent.
I would suggest you find a mortgage broker and get to work. You should be able to locate a house for that person in a short period of time. If not, PM me and I'll get ER DONE and split the profits with you.
JUST GET ER DONE. Don't Be Scared!!!!!
OK,
Mortgage broker says they are good to go for a $200k home.
So, is it better to chase FSBO's or go thru an agent...I'm new...would I try and lock in a price with Seller and then mark it up for my assignment cut?
Is the assigment route the proper method?
Not a lease option?
Do you find homes for Buyers stricly on Craigslist or Backpage, or I Sold My House .com....sorry fo the questions but I'll learn!
Which documents are needed? In what order...I think I know but I'm checking...
Do this one and I'll understand...
Thanks for everyone's help!!!!
FSBO's or go thru an agent- It's up to you. Please consider that an agent cannot give any commission unless you're a license agent like them.
Would I try to lock in a price with seller and then mark it up for assignment cut? - OF COURSE, YOU ARE IN BUSINESS AND YOU HAVE TO MAKE A PROFIT. LA
Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-