MAKE MASSIVE AMOUNTS OF OFFERS FAST

The Rapid Offer Generator is a web based application makes massive amounts of offers quickly.  Real Estate investing is a “numbers game”.  The more offers you make, the more deals you will close.    This web based investing system will allow you to maximizing your returns on both time and money flipping  property.

Requirements:

1.  An E-mail address, simply use the email address you want your offer to be replied to.  Use your COMPANY domain for the best results instead of a free email account. Be the utmost professional when you contact agents.

2. If you prefer to send a fax offer, you must register for InterFax’s FAX gateway services to send faxes via the internet.  The cost is 10 cents per fax.  Please register an account for sending faxes from the “gateway” provider. HERE

3. If you want to SMS text message to the agent about an offer being sent to him, you must register an account with Clickatell using the “Gateway” option. The cost per SMS text is ten cents per page.

Instructions

Before using the software, you must download the a “data source” spreadsheet file AND have completed the required fields within the spreadsheet to populate your offer.

 DOWNLOAD >>  Data Source File for our contracts

To use our contracts:

1.   Send  your offers using the  above data source spreadsheet after you have completed ALL the Fields!

2.  You must upload your  Excel file in XLS format!!!!   Save AS an  ” XLS ” 03-07 format

To user your own contracts:

1.   The  contract must contain one or more ${variable} for where in the contract you want the information to be displayed.  More specifically, the column name should go where I placed the ‘variable’.

For example, if you want to place the agents name somewhere in the contract it will be – ${Agent Name}, where Agent Name is the column name in the XLS.  The field name is Case Sensitive.  Watch the video how to map fields from Xcel to your custom contract text file :  HERE

2. Custom Contracts must be uploaded in Text ( .txt ) format.

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* TIP FOR MAKING OFFERS

I know that you have probably been taught at seminars that you should write 10  “weasel” clauses into every contract you write.   And, by packing your offers with these so called terms you could easily guarantee yourself that you’ll never get stuck in a bad deal.   But I can assure you that if you try to put 10 weasel clauses in your next offer that no seller will ever accept your offer.

So how many “out” clauses do you think you need in your contract to be able to confidently make offers without the risk of getting stuck?

Answer.  1

My standard contingency (certainly nothing new or magical) read as follows:

 

“This offer is contingent upon the buyer obtaining financing from ABC Lenders. A prequalification letter from such lender is attached.”

The difference between this financing contingency and a “weasel clause” is that it discloses truthfully to the seller upfront that I am dependent upon my hard money lender to provide me with enough money to purchase their property. I’m not hiding anything or creating an escape hatch.

Financing Contingencies In Practice
As I quickly discovered when making offers on bank REO properties, weasel clauses were unacceptable even if I did intend to use them. Banks had been burned by weasel clauses time and time again, and they weren’t accepting contracts containing them. In fact, they were selling their properties “as-is,” so inspection contingencies were out of the question as well. My only choice was to make truly clean offers (no contingencies) or offers with a financing contingency. Since I didn’t have my own cash, I had to make offers with financing contingencies.

As with many of you, my goal when I first started was not want to buy homes but rather to wholesale them, pick up my check, and move on to the next deal. Now, if I purchased a home at the right price, wholesaling was not a problem as I always had buyers waiting in the wings. However, if my offers were too high, it was difficult to find a wholesale buyer since I had paid too much.

Chances were if I paid too much for a house and couldn’t wholesale it, then my hard money lender wouldn’t give me enough money for the purchase either. They might have agreed to finance a portion of it, but if I didn’t have the rest of the funds required to settle, I couldn’t buy the home and they didn’t have any choice but to turn down my loan request. If they turned me down, I could exercise my financing contingency to release myself from the contract.

Now, I’m not suggesting that anyone should attempt to wholesale properties by haphazardly making offers that may or may not be too high knowing that the financing contingency can legitimately bail them out. Whenever you start to exit a lot of deals, however ethically or gracefully, sellers will still be upset and word will start to spread that you can’t be trusted to settle and your offers won’t be accepted. Plus, you risk losing your earnest money deposit, depending upon the language in your contract.

What I do recommend is that you to go into every deal with the intent of closing if at all possible

It’s just one or the other.  That’s it.  It’s all you need.   You don’t need subject to your partners approval or any other ridiculous terms written in your offer.   Be real.  Be professional.   Sure, you might want your partners approval, but you don’t need to write it in your contract.    If your partner doesn’t approve the deal, simply cancel the contract based on the inspection clause or your walk-through.

The above inspection terms are usually written into most standard contracts that a real estate agent uses.