Newbie
Group: Members
Posts: 13
Joined: 7-October 05
Member No.: 1041
I’m a new investor and I just got off the phone with a seller. He is open to discuss a lease option. We should be meeting the Sat. He is asking $730,000 for the house. When he mentioned $730,000 my mind went blank.
<<When he mentioned $730,000 my mind went blank.>>
Good! Your mind is trying to tell you that you cannot fathom that! IMO, a 3/4 million dollar house is perhaps too much to bite off for a NooBie…
Where are you? Sounds like CA…
Keith
I am in NM. The seller owns the home free and clear. He has taken out an equity loan to build a new house. The equity payment is $800/m. What do you suggest?
Run
Hey,
Fast and far away.
Peace,
Richard
Hey Panic,
Being new, this is a fairly tough deal to get into. But if you know investors in your area, bring them into the deal for a 10% finders fee. Someone with a great deal of experience could turn this into a profitable investment.
Go Get’em!
Ray
I have found someone with experience. Hopefully we can pull this off. Tomas