Posted by David Alexander on January 28, 1999 at 10:45:23:
Motivated to sell… if not you could be wasting your time. The RE Agent in the middle will cost you 6k alone, most RE agents only understand cash. Food for thought. Find out why the seller is selling? Is there an underlying mortgage? What are the particulars of the underlying mortgage? Will the Re agent take their commissions in anything other than cash. Get that Info and we’ll give you the next step.
David Alexander
HOW TO CLOSE A GOOD R.E. DEAL ?.. - Posted by EJ
Posted by EJ on January 28, 1999 at 09:57:17:
I am trying to purchase a 3Bd 3Bath 2-yr old townhouse that
is being liquidated by the owner for $99,000 (25,000 under
market value). My credit is poor (had BK in past 3 yrs) and
I have roughly $6,000 cash available . The RE agent handling
the deal said I need about $10,000 for a down payment and
conventional financing (the property is not approved
for HUD financing.) Can any of you experienced
investors tell me the best way to approach and make out
on this deal?
I need to generate more cash with my little $6,000.
Thanks…EJ
P.S…WHAT WOULD YOU DO TO GENERATE CASH IF ALL YOU HAD WAS $6,000 ?