Here’s another great question from a subscriber… Question: “What’s the best way to find bank owned (REO) properties?” Answer: All realtors are not the same. You need to find realtors who work primarily with investors. These are the realtors who are going to work with what are called [...]
Continue reading...30. October 2009
Most real estate investors like Robert and I are busy. I’m guessing you are busy too. If you are like us, you have a lot of opportunities to chase, and only a certain amount of hours in a day. When it comes to finding deals, I can use all the help [...]
Continue reading...30. October 2009
This is a question that came in… Question (Joe): “How different is the process of buying a bank-owned (REO) four flex versus if you just buy it from the bank versus a single family?” Answer (Mr. Cash Flow): “A bank selling a four flex and a bank selling a single family treat [...]
Continue reading...27. October 2009
Here’s another question that just came in… Question: "How do I deal with bank owned (REO) properties to get them when the price listed is higher than I’m offering? How do I make the sellers get motivated?" Answer: For starters, it’s pretty hard to motivate someone to do much of anything. Let me [...]
Continue reading...25. October 2009
Question: "I am currently looking for bank owned (REO) properties to buy. I’m looking for something that is in good condition, and I want to turn it around and sell it. At this point, I don’t have a [...]
Continue reading...24. October 2009
Question: "I have a buyer who doesn’t want to deal with the bank. They asked if I was willing to do owner financing for them – a contract for deed. He offered a down payment of $10,000 and pay around $700-$750 monthly, and a lump sum amount on a quarterly [...]
Continue reading...23. October 2009
Question: "I am trying to sell three houses for cash. But I’m also looking into selling it on owner financing or put it on a lease option. I know that if I lower the cash price, I would be able to get rid of the property but I’ll just end up breaking even. [...]
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31. October 2009
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