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Re: I have investors, Need preforeclosures !

Posted by William Davis on August 08, 2001 at 6:54 AM

In Reply to: I have investors, Need preforeclosures ! posted by Mark on August 07, 2001 at 11:49 PM

I have a difficult time understanding how an agreement and relationship
between you and a finder will be established. Does he or she just
point out the house and you go their and make the deal. Once
catch the owner home you had better start closing the deal
immediately. Los Angeles County is just so competitive. Also how
does the finder know what to expect as far as "What deals go
through and which ones do not"? In addition, if he can close the deal
why blow it by having the owner speak with you? Why not just
get your investor a nice sizable return on their investment and
charge the finder some points on the deal. I am sure you would not have any problem
finding finders, would you? You seem to be more after
the profits yourself than trying to invest in trust deeds
with an above average return on the investment. In the mean time, this
allows your investors to lose money. Catching up
with the owners in the first place and having them talk about
their situation can be a one-time shout.


Sincerely,
William Davis



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