Re: This is different…need help!!! - Posted by IB (NJ)
Posted by IB (NJ) on August 01, 2003 at 15:30:02:
"I’ve heard from a friend of the sellers that he probaly loss his job, not sure. "
Hi again, Randy. It’s our job as investors to find out exactly what happened. We can’t make sound business/investment decisions based on what friends and neighbors say about the seller. Wwe deal DIRECTLY with the seller so that we can get the FACTS. Once we have the facts, we can make the right decision. Chances are, if the seller DID lose his job, he won’t be able to get financing and will be stuck with the construction loan until he sells the house. But you have to talk to the seller and find out the complete situation. It’s really the only way you can help him.
In REI, you’re like a Doctor. You can’t prescribe the proper medicine unless you know what’s making him sick. Talk to your patient.