OfflineHere is the SCENARIO,
John Doe has a grandparent pass away and they leave him their house in their "WILL"
This makes this property an ESTATE.
John lives in California
The house he now owns is in Florida.
This house is paid for free and clear
John makes $3000 a month at his job.
John's bills add up to $2900 a month.
John can not afford to pay for anything else.
John now has this property that he is responsible for.
He has to take over the payments on taxes, utilities, insurance, etc.
The city calls him and tells him he needs to mow the yard or he is going to get fined.
He has to hire someone to mow the yard every week.
Do you see how his expenses are adding up fast?
The property has $100,000 in equity because it is paid for free and clear.
He wants the house gone so he doesn't have to spend money on it that he doesn't have.
He sees your add about buying houses for cash.
He calls you and wants to dump it on you.
He doesn't care how much he gets, he is MOTIVATED
you offer him $30,000.
He takes it with no questions asked!
Even if he does want more, you can go up to 50% of the value if you want to and still make a great profit!
John just got rid of the financial burden of this property and he just put $30,000 to $50,000 in his pocket!
How is that not a win win for both of you!
That is why I just put in 10 offers on ESTATES the other day. I am waiting to hear back!
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"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
where in florida and do you need a buyer???
this is a scenario I am explaining to the newbies. Sorry for the confusion Elix.
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"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
I am trying to help everyone I can while I am still learning! I have put in 10 offers on ESTATE properties here in my area. I have buyers here waiting on me. I need to get moving! Would you be willing to help me wholesale in my area?
Click Here To Buy Deans New Book!!! http://www.lanemccaw.bookimentioned.com/b/
Visit my website:http://qchomebuyers.weebly.com/
Visit My Facebook Page: http://www.facebook.com/#!/qchomebuyer
Visit My Linkedin Page: http://www.linkedin.com/pub/the-1-fast-ca-h-home-buyer-in-the-qc/28/b79/...
"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
I work with properties NOT on the MLS only
If you find me a deal or deals similar to the scenario you provided and we can do business.
Sounds good Elix
Click Here To Buy Deans New Book!!! http://www.lanemccaw.bookimentioned.com/b/
Visit my website:http://qchomebuyers.weebly.com/
Visit My Facebook Page: http://www.facebook.com/#!/qchomebuyer
Visit My Linkedin Page: http://www.linkedin.com/pub/the-1-fast-ca-h-home-buyer-in-the-qc/28/b79/...
"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
You are going to get a lot of individuals jumping into cyberspace on this one unless you edit it! Change the word scenario to BOLD CAPS.
Michael Radtke
www.nationalpropertyscout.com
Slide Show:
www.nationalpropertyscout.com/Slide-Show.html
it's stated pretty clear that it is a senario-it's in CAPS.
Good post Lane-I'm sure it will help many!
Keep us posted when you get your own estate property assignment
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
but its worded as if he's asking why wouldn't he proceed???
Most 'scenario's' on this site are not hypothetical when they are typed out; they are normally asking for advice on how to proceed
didnt mean to get everyone excited about a fake killer deal. That was not my intention at all.
Click Here To Buy Deans New Book!!! http://www.lanemccaw.bookimentioned.com/b/
Visit my website:http://qchomebuyers.weebly.com/
Visit My Facebook Page: http://www.facebook.com/#!/qchomebuyer
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"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
but i was going to ask for your attorneys info for the contract lol
Seriously
Hey Lane did you forget about using that name, you lose two points, if we see it on an essay we will have to delete the entry.
http://kendrickpropertymanagement.com/
http://rochesterapartmentrentals.com/?page_id=10
ok ya you are right Jim. I will edit the title! How does Explained for the freshmen investors sound? lol
Click Here To Buy Deans New Book!!! http://www.lanemccaw.bookimentioned.com/b/
Visit my website:http://qchomebuyers.weebly.com/
Visit My Facebook Page: http://www.facebook.com/#!/qchomebuyer
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"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
I would like to find out a bit about buying property for cash with no money down, or buying without any money. What is the first thing someone should do in a case like this? I know Dean, that you said get a good Real Estate Agent. There is a property in my area that has been up for months. The only thing is that the owner is selling and not using an agent. Houses here go pretty quickly if there is an agent involved. There is no FOR SALE sign put up, so I assume the property is yet unsold. A sign is up front with the information. I would like to "buy" it with no money down, for resale. I don't think the seller wants to bother with commission to an agent, etc. Please advise.
have any of Deans books? Have you searched the forums on this site? All of the information you are looking for is on here. You just have to look for it. Look up assignment of contract and bird dogging. That is the easiest way to start. Lease options are another easy way to start.
Click Here To Buy Deans New Book!!! http://www.lanemccaw.bookimentioned.com/b/
Visit my website:http://qchomebuyers.weebly.com/
Visit My Facebook Page: http://www.facebook.com/#!/qchomebuyer
Visit My Linkedin Page: http://www.linkedin.com/pub/the-1-fast-ca-h-home-buyer-in-the-qc/28/b79/...
"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
Lane if you don't buy a house soon maybe we can get you on the coaching staff.
http://kendrickpropertymanagement.com/
http://rochesterapartmentrentals.com/?page_id=10
Please don't ask this question again. If you haven't read the book(s), do so.
This type of question will typecast you as lazy and not really interested, just someone who wants their hand held.
Hope it helps
I already seem to be doing that! lol I like it!
Click Here To Buy Deans New Book!!! http://www.lanemccaw.bookimentioned.com/b/
Visit my website:http://qchomebuyers.weebly.com/
Visit My Facebook Page: http://www.facebook.com/#!/qchomebuyer
Visit My Linkedin Page: http://www.linkedin.com/pub/the-1-fast-ca-h-home-buyer-in-the-qc/28/b79/...
"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
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