Trends - gotta love em.
When it comes to a struggling real estate market - CASH IS KING and the deals are what many investors ALWAYS dreamed about, but NEVER thought they could have.
So, on the MLS, or not - there's a glut of inventory and many of these sellers want these properties gone - NOW !!
However - BUYER BEWARE - because we're still in a declining market, overall.
Unemployment is up - gobal issues, blah, blah, blah....right ??
What's an investor to do ??
Worry about the fact that FMAC absolutely NEEDS another 1.8 BILLION, over the BILLIONS they've already received in bailout funds ??
Don't worry - despite the fact that your tax $$ will pay for their next bailout (which SUCKS !!), consider what you CAN DO to contribute to YOUR OWN SUCCESS.
Check out our homebrew.....:
STEP 1: Add all cash offers (DON'T BS - Actually have the cash)
STEP 2: To all your offers
STEP 3: Allow sufficient time for seller's review.......
STEP 4: ...But not so much time as to allow for other offers from other buyers
STEP 5: DO as you promised/offered - or don't do it at all.
That's our recipe and it ALWAYS works for us - though we don't get every property we offer to purchase.
The point I really want to make clear is - DON'T LIE -
If you don't have the CASH TO MAKE CASH OFFERS, don't make em !
OR - Be damn sure YOU CAN DO AS YOU SAY - because bad news travels faster than good news AND, if you're not doing as you promise - YOU'RE BAD NEWS !!
There's a multitude of ways to find cash buyers.
Find a mentor (Did I mention that WE'RE MENTORS ?) - do some deals and earn your wings !!
Real estate investing is a great business, NOT an easy business.
Be careful out there !!
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