any ideas for selling homes - Posted by walter carlson

import · January 28, 2003, 10:53am

Posted by Jerry Martin on January 28, 2003 at 21:26:08:

Walter if this is a good deal you may want to do an equity sharing contract with someone who would not qualify for a loan. God bless.

import · January 28, 2003, 10:53am

Posted by walter carlson on January 28, 2003 at 11:53:05:

I live in Pittsburgh Pa. and have been purchasing real estate since 2000. My purchases include(6) income producers and they are presently rented. I have been truly blessed by the Lord with above average tennants. However, I want to expand my present and make a cash purchase in a subpar area and flip the property and take cash out. This property is a very nice 2br single family home located on a double lot. I have spoke to the Section 8 people and it would not be worth my while to rent it. I do not want to risk it on a regular renter. I would like to sell it. I would like advice on who I should sell this to. I was informed that HUD does not buy homes from sellers. Are there any agencies that buy homes in undesireable areas. The comp searched revealed that I am getting a deal with over $20K in equity. Sorry so long. Thanks. RC

import · January 29, 2003, 9:43am

Re: any ideas for selling homes - Posted by Jennifer

Posted by Jennifer on January 29, 2003 at 10:43:31:

Why won’t it rent? Have you considered doing owner financing for it? People will come if they can buy without a bank or conventional loan…

This might not be appropriatefor your situation…But it was a thought…

import · January 28, 2003, 2:08pm

Re: any ideas for selling homes - Posted by Al - So Cal

Posted by Al - So Cal on January 28, 2003 at 15:08:34:

Skip crummy areas. The good money is made with nice
areas and properties as per Ron LeGrand. Good Luck.

import · January 28, 2003, 12:54pm

if the area is undesirable… - Posted by David Krulac

Posted by David Krulac on January 28, 2003 at 13:54:27:

then I wouldn’t buy there. If nobody else wnats to buy there, why do you? Buy on the Southside its hot now.

David Krulac
Central Pennsylvania

import · January 28, 2003, 11:29am

Re: any ideas for selling homes - Posted by Ken (IL)

Posted by Ken (IL) on January 28, 2003 at 12:29:22:

Try calling one of those
WE BUY UGLY HOUSES billboard ads.
The name of the company is HOMEVESTOR.
You can reach them at: 800-44-BUYER

or get some good tips at: nodiscount.com.
I’ve learned some good techniques on flipping
and selling from them.

Either way it’ll cost you some money because you’re trying to do things that you don’t already know.

Good luck.