championbuyer

I've found some companies that find or have properties for sale. One company sends me information on homes for sale each week. The letters go something like this:

Purchase Price: 30K
ARV: 80K
Earnest Money: $1500
Cash Buyers Only

The companies say there is a 3% seller financing included in the sales price. My question is how could you present an offer; when price is established. They have not wanted to allow assignments without security and that the home will actually sell.

If anyone can shed some light on this process it can be very helpful, for all of us.

I thought this would be a good place to start because the price is feasible if the area, geographics, and comp can support a good return; once due diligence is done on each property. These comapanies also try to bundle multiple deals. For example:

6 Homes
20K each (if bought togeher) for 120K
Cash Buyers
Close in 10-days

My questions are specific, so that I can get my head around what type of strategy to use.

Thanks

Hello. We have been part of Dean's group since 2013. Although we haven't made a deal yet, we are still determined to. We are looking for help and would like to team up with reliable and experienced individuals. Some SC areas we are interested in are: Anderson, Greenville, Greenwood, Mauldin, Simpsonville, Abbeville. We are also open to areas in Georgia. Any help or advice will gladly be accepted. Thank you!