wanted, phoenix az investors

IF there are any investors in the phx area who would like a deal let me know. currently I know of a house that is in pre-foreclosure that is $28,000 below fmv. The house needs less than $2500 in work to sell for the full value of $156,000.00 If interested please send private message.
thanks oh oh

Comments(3)

  • creativefinancer8th June, 2003

    So what is it that you are interested in doing with this deal? I'm sure that i can help you somehow with it. Drop me an email and we will go from there!

    Bryan

  • pbodys8th June, 2003

    Dear creativefinancer,

    You keep offering posters your help through your e-mail or PMing but you haven't set-up your profile to do either..!

    Now,
    Wingnut, I've talked to you through PMing and if you want me to walk you through this, I'll be more than happy to help...
    Here's a thought, it's something I did before I had investors lined up

    Contact every "I BUY HOUSES" ad in the paper and present your deal...However, you must protect yourself from the deal being stolen, get something in writing stating that they'll pay you for finding this deal...(In essence, a birddog agreement)
    or...
    if you feel confident (after doing your due diligence on the prop.), put a contract on the house to purchase (90+days to buy) or an (option to purchase) with a clause that states something like..

    (All parties agree that if you (the buyer) default on this agreement, the seller is entitled to keep your earnest $ deposit (should be only $10. bucks) and no recoursive action will be taken on you as the buyer), I have the exact wording on a contract I use if you're going thit route.

    You'll also (maybe) want to record a "Memorandom of Contract" at the courthouse to prevent the seller from selling/listing the prop. to someone else. This simply states that you have the exclusive right to purchase for a said period of time...(enough time to find a buyer/investor to assign it to...90+ days should be good).

    Hope this helps,
    Clif [ Edited by pbodys on Date 06/08/2003 ]

  • RJH8th June, 2003

    I own several properties in the Phoenix area - what do you have in mind? Contact me at **Please See My Profile** Ron

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