Posted by Al C. on January 07, 2003 at 07:38:11:
Hi Joshus:
In the first situation, you can over come their objections by studying ‘Overcoming Objections by Negotiation’
In the second case it looks to be like a preforeclosure to me so you might want to read up on them. In my opinion their better than L/O any day.
Al C.
So many deals?? - Posted by Joshua
Posted by Joshua on January 06, 2003 at 22:01:19:
Ok I’m just starting at looking for deals and I have learned about LO’s. But I seem to have come across some people that need full payment for their house. Is there any strategy I can begin to learn about to take advantage of future deals that are situated like this?
AKA, I’ve been calling people and I came across these sellers that have financial troubles and need full payment for the price of their house. They are willing to negotiate the price of the house and sound a bit urgent. But I don’t know how to take advantage of opportunities like this. So I need some direction as what to learn about.
Thanks
Joshua
Re: So many deals?? - Posted by Clair-MO
Posted by Clair-MO on January 07, 2003 at 14:41:30:
Joshua, There are several strategies to buy properties when the sellers need all cash for their equity: 1. Buy low and refinance high
2. Take out a home equity loan on the
property.
3. Take out bank loans for down payments.
4. Buy using FHA.
5. Create a note and sell it for cash.
6. Find out what the sellers needs and
satisfy the seller’s needs.
Hope this will be of help to you.