Found 6 to 8 properties I'm ready to flip NOW!!!!! Help! - Posted by T. Smith

Posted by RR Smith on April 09, 2000 at 08:29:53:

I guess you could skip over the “buying at auction” step and go directly to the REO step…
(lifts eye brows) but then you have to investigate WHY other REI did not buy at auction.
Since the econ. is good, most places have lots and lots of REI now at auctions. ~~~Maybe it wouldn’t hurt to buy and read a few good foreclosure books, cause these are definitely “post foreclosures”, you also talk about “pre-foreclosures”, which is a different topics (but still covered by foreclosure books). There is two or three days reading just on this board under the search topic foreclosures,REO,auctions, and repo.

good hunting

Found 6 to 8 properties I’m ready to flip NOW!!! Help! - Posted by T. Smith

Posted by T. Smith on April 08, 2000 at 22:45:52:

Hi Everyone,

I could really use some help. I am a newbie and I am trying to flip my first property but don’t know what’s the next step I take to make this transaction. You see, I have all the names and addresses of all the owners but I don’t know how our conversation would go if they call me with an interest for me to buy their property. First I am going to send out these letters stating how I would like to buy their property and my phone number will be enclosed where they can call me back with an answer. Also I have my investors lined up and waiting for the transaction to be a go. But my concern is how do I deal with the seller to let him/her agree with assigning their property over to me? What Am I doing wrong here which this situation? Am I going about this the right way or is this procedure just all wrong? And these names and addresses I have of the owners are from properties that are boarded up and I got these names from city hall in records of deed office and I have all the legal deed documents. Well thank you all for your help. Any answer and advice is gladly appreciated.

Thank Very Much
T. Smith

Go to Our MAIN News Group… - Posted by J.P. Vaughan

Posted by J.P. Vaughan on April 12, 2000 at 08:35:27:

where the pro’s hang out. This NG is for discussing
infomercial gurus.

Re: Found 6 to 8 properties I’m ready to flip NOW!!! Help! - Posted by Tyrone(NY)

Posted by Tyrone(NY) on April 11, 2000 at 04:01:20:

what you can do is draw up a sales contract with an “and/or assigns” in did you go about lining up your investors