Build Your Vetted Cash Buyer And Motivated Seller List
How To Use Closing Contracts To Be A Successful Real Estate Bird Dog
Bird Dog Real Estate
How to send closing contracts for deals.
The only creative real estate financing strategy you need is to access a cash buyer. I wrote 20 Creative Real Estate Investing Strategies and they all centre around the idea of bringing together cash buyers and motivated sellers. There are 20 strategies, all repetitive. If you use them in succession you will arrive at what I call just accessing a cash buyer, send them a contract.
- Access a cash buyer
- Send cash buyers contracts
It just takes getting over the barrier that believing that you will actually close the deal.
Some Real Estate Bird Dogs call it a waste of time. Some have spent 3 years trying to close $16M dollar deals and spent their time walking the beaches until the deals fell apart due to fraud.
The key to overcoming this is the to have the cash buyer and motivated seller pay cash. The OKBird. That way you know there is money behind the listing. The OK needs to be as high as possible.
If you don’t have enough money for the OK or you are looking for a free cash buyers list then scram. You are a Tire Kicker. There are other sites for that.
I have motivated sellers that are OK paying cash in the major cities with arenas.
Marketing For Cash Buyers
The only marketing that you need to know for accessing cash buyers is bring me a motivated seller with cash. There might not be cash in the property because they are motivated but I ask for cap rates with the cheapest minimums; I want properties that have Renturly. If you can’t get me the price for Flock from a property that is worth millions of dollars, then you are a Tire Kicker. As a Bird Dog you need to vet. If I ask for cash, the whole Daisy Chain will ask for cash to vet the cash buyer and motivated seller, and bring them together.
That’s when you send your contract!
Types of real estate contracts for bulk bank purchases - You can just copy contracts off the internet - You can just make sure there are no agency agreements. Get a real estate lawyer:
- Proof of Funds: POFs - Bank Statement
- Letter of Intent: LOI
- Residential Purchase and Sale Agreement: Has an agency agreement, just cross it off
- Commercial Purchase and Sale Agreement: Has an agency agreement, just cross it off
- Master Fee Agreement: MFA
- Joint Venture: JV
Some sites call these REO. But these are just Daisy Chains. You have to get cash buyers vetted with earnest money deposit (EMD). Bring them to me. The access fee is smaller. I don’t charge for impressions - they’re emails. OK. With cash.
So you get serious cash buyers and motivated sellers. Billion dollar contracts: No Daisy Chains.
So that you Access The Flock.