Re: newspaper ads - Posted by Chip
Posted by Chip on June 17, 2001 at 09:14:21:
Ad 1:Govt Repo! “0” Down! Nob Hill $84,000 (FS) Townhouse Luko Realty 555-5555
I am not from the area, but it looks like this ad says you get a Fee Simple ownership interest, and it is offered by an agent. Not an investor.
Ad 2: Ahuimanu Gardens 2bd/1ba. Assume payments No fees 555-5555
Not clear here, but it appears it is not an agent. Worth a phone call! What do they mean ‘assume’?
Are those investors trying to turn a quick profit like us? I don’t want to be taken in by another investor and be stuck w/ the property.
Part of the business involves running into other investors. Deal with it-- try to make contacts. Maybe you simply used a poor choice of words, but I wonder why you believe you would be ‘taken in’ by another investor? If you mean that you would pay retail, I can understand that. Wouldn’t you find out if they are an investor? Won’t you use due dilligence to find out whether they are offering a bargain or not? In most markets, you can make money on a property even if you buy it for full price, if you know how to market it.
If you are looking for a way to discern whether a property is offered by an investor, there is just no other way I know of other than inquiring. Just make the call and find out the facts! You might get a deal there! Even if it is an investor, they might have bitten off more than they can chew, and be ready to deal!