That, my friend, is the million dollar question. If we could all find those folks we would all be millionaires.
Ask friends, family, co-workers, neighbors or anybody else that you know that you are ready to help someone who is behind on their mortgage. That is the free easy way to do it. Also, go to your local investor club. Network with others.
The slightly pricier way: newspaper advertising, magazine advertising, billboards, ads on the radio, TV, bandit signs. Any way that any other business would try to get business. That should keep you busy for a while.
Come to Charleston, SC. We have loads of desperate sellers here. Market was nuts for 4 years, and then everyone on 5 yr arms put for sale signs up. Really think it will pick up in 1-2 years, so a great time to buy. Rehab and everything else for that matter....
Try contacting your fire dept. and ask for a list of meth homes that they recently boarded up. They will take special remodeling and some abatement thru specialized contractors but most people shy away from these type of homes. They also get huge discounts due to the contamination but once remodeled and passed off by the health dept they are just as good as any thing out there for sale.
[addsig]
Did you accept thecounter from WaMu? Did WaMu accept your offer?
Until a contract is "bottom lined", seller can back out or change terms. However, if you presented a full price, non-contingent offer and the seller declined, the REALTOR is entitled to the full commission.
That, my friend, is the million dollar question. If we could all find those folks we would all be millionaires.
Ask friends, family, co-workers, neighbors or anybody else that you know that you are ready to help someone who is behind on their mortgage. That is the free easy way to do it. Also, go to your local investor club. Network with others.
The slightly pricier way: newspaper advertising, magazine advertising, billboards, ads on the radio, TV, bandit signs. Any way that any other business would try to get business. That should keep you busy for a while.
Come to Charleston, SC. We have loads of desperate sellers here. Market was nuts for 4 years, and then everyone on 5 yr arms put for sale signs up. Really think it will pick up in 1-2 years, so a great time to buy. Rehab and everything else for that matter....
I think properties at the low end of the sub-prime market are going to be ripe for the taking.
Try contacting your fire dept. and ask for a list of meth homes that they recently boarded up. They will take special remodeling and some abatement thru specialized contractors but most people shy away from these type of homes. They also get huge discounts due to the contamination but once remodeled and passed off by the health dept they are just as good as any thing out there for sale.
[addsig]
the DEA actually has a nationwide database of meth-lab.
I think it call the national clandestine lab database. It has searching and sorting options, but is not very time (like 8 month old data). But free.
look had all the REO sites, or look at what properties go REO at the auction.
Check with your local Realtor. Your local MLS should have a lot of "motivated sellers", bank owned/REO, short sale types of properties.
Did you accept thecounter from WaMu? Did WaMu accept your offer?
Until a contract is "bottom lined", seller can back out or change terms. However, if you presented a full price, non-contingent offer and the seller declined, the REALTOR is entitled to the full commission.
Chris