How do I do this? - Posted by Toby

Posted by Dr. Craig Whisler CA NV on August 21, 2003 at 15:07:09:

Sure. If you can buy them for half of what you can sell them for why not use an agent since I assume they are located some didtance from where you live?

Be VERY careful to check to true value. I hope you are old enough to not accept the opinion of the seller.

Better yet, try to purchase an option on them and then sell your option to retail buyer or exercise the option when you have a buyer’s money in escrow.

Land/home combos at 1/2 of their value is stretching the imagination a bit but it is possible. They should be easy for you or your buyer to finance because of the land feature That means you should be able to sell for all cash in this hot market. Sounds like an opportunity to me if the numbers check out.

Regards, doc

How do I do this? - Posted by Toby

Posted by Toby on August 20, 2003 at 22:41:24:

Out of state investor let me know about 4 land/home
repos that he will list with RE agent soon.
The homes are outlying ABQ metro area. Great shape and available at less than 1/2 the typical price. Full price once listed with RE agent!
Any ideas on how to market these properties? I do not
have RE license.