Posted by Bill K. (AZ) on March 21, 1999 at 18:49:38:
Based on a recent post on this site, I would suggest that you not give too much information to the investors without tying up the property first. They might just pull an “end run” and leave you with nothing.
Good luck to you. Keep us posted on your progress.
Bill K. (AZ)
Should I tie up the property? - Posted by McDaniel (Northern California)
Posted by McDaniel (Northern California) on March 20, 1999 at 20:16:15:
Well, here it is. I have stepped up to the plate and have started getting active with the investing side of Real Estate. I am looking for quick cash so I have started looking at “flipping” properties. I have found a couple of organizations (people) who will presumeably pay me a finders fee. Should I “tie up” this property I found and then contact the investors? I am supposed to do a walk through with the owners tommorrow. EEEEEK! This will be my first “at bat” with REAL negotiations. The good news is the investors pay ALL CASH with QUICK CLOSE. The bad news is I live in Silicon Valley, which is a TOTAL Sellers’ market at present. People are selling run-down huts for over 280k and median homes for over 300k. Any advise? Anyone?
Sincerely,
A. McDaniel