Posted by Pavon Bailey on March 21, 2000 at 13:01:52:
I am very familiar with Mr. LeGrand. I have his book and one of his courses are in the mail as we speak. Anyway, you can buy ANY house below market value. It doesn’t have to be a rehab or a fixer upper. The key is the MOTIVATED SELLER…one that’ll be flexible on both price and terms. If you encounter a seller that is firm on his asking price, negotiate terms. If he’s firm on his terms (all cash, per se), negotiate price. If he’s firm on both, move on. That means he’s inflexible.
Try offering a price below market value. It won’t help to try. Anyway, who pays sticker price for an automobile? The answer: NO ONE.
By the way, I’m a newbie, too. I’m just reading anything I can get my hands on pertaining to real estate. If you’re a newbie, I’d advise you do too. The education will pay for itself 10, 100, maybe even 1000 times more.
Hope this helps. Enjoy your day and happy investing!
FLAME ON!!! (but don’t burn any bridges…smile)