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Re: They are out there folks

Posted by Skimmer on April 21, 2009 at 3:47 PM

In Reply to: They are out there folks posted by BrianH on April 21, 2009 at 9:07 AM

Great job! This sounds like the secret weapon used by Rick, the Probate Guy to buy at 10 cents on the dollar that others say impossible. Were you in Rick's seminar on 4/18?

Skimmer


: Just a word of encouragement for some of the readers who think there are no deals to be had other than cash intensive REO's.

: Last night I sat down at a owners dinner table and purchased his house. I purchased it for a legitimate 50 cents on the dollar, 20k cash to the owner, subject to an institutional 1st with a 29k balance and the owner carried a second TD at 6% balloon, no payments for a year.

: The house is in a major city here in SoCal and the lead came from direct mail.



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