Ho to get a yes where I am - Posted by Mark


#1

Posted by Mark (Down Under) on October 12, 1998 at 07:16:48:

The use of privately owned retirement funds to borrow
money to by investment properties was banned (and you thought you
had dumb laws there.


#2

Ho to get a yes where I am - Posted by Mark

Posted by Mark on October 11, 1998 at 05:23:46:

The market I am in is dificult.

The median house price is about $340k with the cheapest in the
bad suberbs about $90k. There is about a 4% vacancy rate.

Every agent I have spoken to about making low offers has said
that they would advise their client to reject it.

Further recent changes in government legislation has dried up
single house investment funds.

The housing market here has averaged 8% increase since the turn of the
centuary. Should I look at optioning today to purchase in 2 years (at todays price)
or should I just be making written offers that the agents will advise
rejection on (or phone a friend to offer a slightly better deal)

Please I would appreciate your thoughts.

Thanks in advance

Mark


#3

Re: Ho to get a yes where I am - Posted by JWM

Posted by JWM on October 12, 1998 at 04:29:13:

Gov’t Fund’s dried up? Perhaps your not looking in the right area’s. Granted the red tape may be a hassle. But there are a lot of gov’t programs, and dept’s that have funds for real estate grants or secured loans. This includes most of the states. If you cann’t find it through HUD, take a look through the busness support dept’s, the grants too Women and Minority entrepnuers. Dept of Agriculture, urban development etc.


#4

I have to ask - Posted by JohnD(CO)

Posted by JohnD(CO) on October 11, 1998 at 21:34:41:

What are you referring to when you say: “Further recent changes in government legislation has dried up single house investment funds.”?


#5

Re: Ho to get a yes where I am - Posted by Karen McCalL

Posted by Karen McCalL on October 11, 1998 at 19:38:44:

Check out Robert Allen’s Cookie cutter system in Creating Wealth.


#6

The Answer is the Same - Posted by Ed Wachsman

Posted by Ed Wachsman on October 11, 1998 at 07:28:26:

While conceding that some areas of the country might have a lower success ratio because of very strong seller’s markets - the premise and approach remains the same. Some percentage of sellers NEED (not want) to sell very quickly - even more quickly than the market can accomodate. These MOTIVATED sellers are the only ones you will be successful with. These MOTIVATED sellers are the ones you must find and make offers to - preferably without an agent in the middle. Foreclosures, divorces, out of town owners, probate, etc. are possibilities. Look in the right places and you will find what you are after.