Re: Tenant Buyer Newpaper add question - Posted by Brent_IL
Posted by Brent_IL on February 20, 2002 at 01:29:52:
In Illinois, because of the long legal history, many properties are either coming out of, or going into a trust. Many banks insist that the property be put in a trust so they can kick out non-payers easily.
I’ve started using Bill Gatten’s ad.
NO BANK QUALIFYING
NO DOWN PAYMENT
As few as 2 or 3 pmts
- closing costs
can move you in.
3BD 11/2B Great area
CALL xxx xxx-xxxx now.
The closing costs are your costs, plus whatever you need in addition to the 3 payments to make the deal profitable, limited only by what your best buyer is willing to put down. The actual destination of the advance payments depends on the type of deal and the agreement.
Stay with the NO DOWN PAYMENT wording that means something entirely different than No Money Down. If you are marketing a single property, stating a specific area will eliminate folks who don?t want to live in that area. Less hassle.