Re: Apology JPiper, Garcia I also have an article for you - Posted by Ed Garcia
Posted by Ed Garcia on May 24, 1999 at 10:45:47:
No problem, lets move on.
Personally, I find this posting hard to believe. I know how difficult it
has been for me to buy in other parts of the country, and how much work
I have had to endeavor. I have looked at many properties on the net, and
and even though I know that it is being done, it?s not the piece of cake
that you describe.
For starters, it?s not easy to comp properties in different parts of the
country. Secondly, how would you inspect the properties, and handle the
management or sale for that matter, when they?re out of your area ?
At the profits that you have described, it would not make economic sense.
Assigning or flipping would be difficult, due to being unable to net work
in the area that the property is located in. Lets not even talk about cost.
Doing deals in your own community is difficult enough, let alone attempt
to reach out in areas that you would not be able to service. By service I
mean that you are not geared to repair the property, and adequately sell
it or flip it.
Oh of course you can farm out the work, and all of my questions can be
answered. That can make sense until you think about the answers.
The reason I say that is because you would not have a network in place
to properly do this task. Networking is important.
But I?ll tell you what. It just so happens that I have 3 properties
advertised on this site in Classified Ads.
Some how your folks have missed me.
Of the properties showing on this site, the one that would be more in
you price range would be the one in Bellflower. I think it would be
closer to the type of properties that you would buy.
I have an appraisal of $325,000 , I?m asking $289,000 , and for you,
I will sell it for $289,000 with 10% down and I will carry the balance.
Or as I told you, money talks, for cash, it?s yours for $240,000.
Let me make you a nice deal before you go to Australia, and help you
pay for the trip.