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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] What to buy - What not to buy Posted by Greg - CA on May 06, 2002 at 8:28 PM Ward, From what I've heard there are two cases of properties that might make sense right now. I'd like your opinion. 1. Enough equity to buy, fix, and retail at a nice profit. 2. Little equity (10 to 20%) but the property is in reasonable shape. I give the owner a little cash, buy at a small discount. I immediately resale as "No Qual - Low Down", but get full price, as much down as possible, and a good interest rate. I've taken subject to and will wrap the existing loan. Do you agree that case 2 makes sense to go after? I see the competitors buying these. Greg Follow Ups: One man's passion is another man's poison.. Ward-CA- 8:58 AM, 05/07/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, : From what I've heard there are two cases of properties that might make sense right now. I'd like your opinion. : 1. Enough equity to buy, fix, and retail at a nice profit. : 2. Little equity (10 to 20%) but the property is in reasonable shape. I give the owner a little cash, buy at a small discount. I immediately resale as "No Qual - Low Down", but get full price, as much down as possible, and a good interest rate. I've taken subject to and will wrap the existing loan. : Do you agree that case 2 makes sense to go after? I see the competitors buying these. : Greg Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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