Posted by Dave NY on December 04, 2004 at 18:33:27:
I have closed long distance deals where I have never seen the buyer, seller or the home.
If its a subject 2 deal, have seller send you as an attachment a copy of the deed & last mortgage statement to verify the numbers. You then draw up a new deed & send via mail to get signed & notarized by your seller. Have seller include keys, & payment book. There you go, thats all you need to buy a home subject 2!. You now advertise the home with owner financing terms. Once the buyers call, send them to see the home. If they are interested in seeing the inside, & they have the cash you are asking as downpayment, then you can either go to Alabama or have a neighbor show the home & have buyer send you a check through the mail.
If the home is a cash deal, where seller needs cash, you can still flip it by flipping the contract. You can look up the local classifieds for that city & call the " I buy homes" ads. Talk to the investors &
make a deal with them.