Posted by Ralph C. in VA on May 14, 1999 at 22:51:46:
There are several things you can do. I’m sure others will suggest more creative moves, but, if you are looking to make a few thousand, quickly, wi minimal investment, you may want to consider offering to pay the owner $10.00 for an option to purchase the property for $48K during the next 12 months. then, market the property in the paper and elsewhere for $52K, stressing the fact that the property is less than the apraised value. You end up spending prob. less than $200, and if you win, you make $4000. If you lose, you are out $200 and your time.
Note: In your contract with your buyer, try to get him to pay most if not all of the closing costs.
just a thought…good luck!