Posted by Tony-VA/NC on September 12, 2004 at 12:46:38:
As investors, it is up to us to find motivated sellers. Advertising, word of mouth, personal contacts and other screening methods should weed out non-motivated sellers.
It is too time consuming and frustrating to simply talk to anyone and everyone who advertises their home for sale in whatever fashion.
A post string below went into how many of us worked hand in hand with park managers. The PM would identify folks that had to sell because they faced a pending eviction, changed or lost a job, had already purchased another home and were making payments on both etc.
These folks have to sell but a few will remain in denial. Typically those in denial would call back a few days before the end of the month (before the next month’s rent was due).