Posted by Jimmy on July 21, 2007 at 06:29:46:
you wrote the magic words, and I didn’t put them there.
“Bottom line is i’m just looking for… properties that I can get for below market prices”
there are a handful of situations which can get you what you want: figure out how to find these situations frequently, and youu will do very well:
- seller in distress.
- property in distress
- seller and property in distress !!
- auctions where bidder must have fast cash.
there are others, but these are the ones that I have seen.
occasionally, a probate will deliver a deal. but no more often than listings or newspaper ads.
with that said, if you have a way of identifying estate and trust beneficiaries, who themselves are in need of fast cash, you can make deals with them all days long. but understand that stealing one directly from an estate or trust is pretty rare, because of the precedural safeguards in place. Executors adn trustees are accountable to other people, and are represented by counsel…