Posted by JohnBoy on November 14, 2000 at 17:36:19:
GAMBLING!!! That seems to work well in Vegas! LOL
Actually, it shouldn’t matter where you go, it all works pretty much the same as anywhere else. As far as the best way to buy, it depends on the seller and how you can solve their problem. The solution to solving their problem pretty much dictates how you need to buy.
As far as selling goes, TERMS will always sell no matter how hot or cold the market is in any area.
Profits are (at least they should be) made when you buy the property. If you know what you can do with it if you get it, L/O, sell on contract, rent it, etc. Then you can create the profit you need to justify the risk involved for doing the deal. Knowing how you will sell the property, for how much, how much per month, etc. will determine how you need to structure the deal to make it a win/win/win for you, the seller and your tenant or buyer.
The bottom line is simple. Where ever their are people that are having a problem with a property they own that they NEED to sell and where people are having a problem being able to buy a property to own, you will find deals to be made regardless of the current market and how much new construction is going on. Now, does anyone know of a place in this country where none of these problems exist??? They exist everywhere in every market.