Help Newbie Property just fell into my lap - Posted by vgaines

Posted by vgaines on March 13, 2001 at 07:07:03:

I recently subscribe to american note network. While surfing the net I came across a website that offered fsbo, owner financing,and lease options. I thought if I looked for websites that offered owner financing this would be a good way to target people for notes. I saw an ad that was placed by a owner who was willing to lease option or owner finance his property. I emailed him and asked if the property was still on the market. He wrote back " We have taken it off the market since then. However, My wife and I are going through a divorce. And I may have to sell the house. I will entertain any reasonable offer though". This sounds to me like someone who is very motivated. I haven’t ran any numbers yet, because the property is in Texas and I live in Chicago. Should I persue this situation or pass and stick with the note business. I would appreciate any help you guys can give me.