Posted by JPiper on January 22, 2000 at 16:01:19:
If it comes down to a choice between making unrealistic offers and doing nothing…well I guess I would agree…you might as well try.
Hopefully however that’s not the choice. Hopefully the choice is to have enough knowledge to have a clue as to what might work. THEN make your offer.
If the choice is whether to make a realistic offer or an unrealistic offer…I’ll take realistic. Having a positive attitude doesn’t make an offer any more realistic.
If you think 0 down 5% offers to banks for their REO is realistic…have at it. Make a 100 offers of that type and my guess is you’ll be out of this business due to frustration and disappointment. And that my friend, is failure.