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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Pre-sales are more predictable with interest rates on the move.. Posted by Ward-CA- on August 08, 2003 at 8:36 AM In Reply to: Staying focused posted by Gary Pascua on August 08, 2003 at 0:07 AM : I understand why you recommended newbies stick with a particular geographic area at first, then branch out later after gaining experience. It does seem a bit overwhelming to try and sift through properties, although it's hard not to because they all seem like great opportunities. : But, what do you think about trying to purchase junior liens at a discount? Like anyone else new to this, I'm limited on cash and trying to find ways to get into the hunt without alot of money. Do you think it's a viable option or is it something you happen to luck into? I'll have to say, door knocking is a whole new experience, but fun! Thanks. -=-=-=-=-=-=-=-=-=-=-=-=-=-=- Gary, Junior bene buyouts (JBB) work very predictably in a Seller's market, whereas it's a lot dicier in a Neutral or Buyer's market. The classic JBB takes a small amount of money, only a part-time effort and is completed in half the time a normal foreclosure takes. But that's presupposing you're in a Seller's market. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I understand why you recommended newbies stick with a particular geographic area at first, then branch out later after gaining experience. It does seem a bit overwhelming to try and sift through properties, although it's hard not to because they all seem like great opportunities. : : But, what do you think about trying to purchase junior liens at a discount? Like anyone else new to this, I'm limited on cash and trying to find ways to get into the hunt without alot of money. Do you think it's a viable option or is it something you happen to luck into? I'll have to say, door knocking is a whole new experience, but fun! Thanks. : -=-=-=-=-=-=-=-=-=-=-=-=-=-=- : Gary, : Junior bene buyouts (JBB) work very predictably in a Seller's market, whereas it's a lot dicier in a Neutral or Buyer's market. : The classic JBB takes a small amount of money, only a part-time effort and is completed in half the time a normal foreclosure takes. But that's presupposing you're in a Seller's market. : Hope this helps. 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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