What To Do With A House With Little Or NO Equity SubTo?
John,
I know your hit me
but If I find a house that has no equity or very little and I do a SubTo on it, how do I make any money?
I cant wholesale, could only sell for retail, do I find a LO or TB or just renter for a year or so?
How would I make money now?
This was one question I forgot to ask you John (if your reading, which I am sure you are) when we were on the phone.
Thanks
I am really going to need your help on the first few I think.
Are you up for it?
Could you send me the post card you used. The one in the book is nice but I dont want to recreate it if you have it in a file.
Thank you John.
WWF,
Let me tell you what a motivated buyer is after you get the property from a seller.
You not to long ago got a a divorce and it has been awhile, so your credit is dinged to where in this cocktail lounge you are sitting in even your mortgage broker falls off his chair laughing when you tell him you want to purchase a house. You have the down payment and can make the monthly payments but no lender will touch you.
But there across the lounge sits Britney Spears all alone, you approach her and offer to buy her a drink, by nights end she tells you that you are the man of her dreams and says if you purchase a house for us I will come live with you.
You just found out what motivated means.
Of course I will help you, no question you invested in me so I will return it 10 fold if need be.
John $Cash$ Locke
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