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peterb.
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August 25, 2008 at 11:47 PM #262093August 26, 2008 at 10:53 AM #261934
peterb
ParticipantCould you give us some basic numbers about these deals? No names or specifics, just the discount they’re paying compared to the real-time market price and how quickly they’re turning the properties?
August 26, 2008 at 10:53 AM #262136ParticipantCould you give us some basic numbers about these deals? No names or specifics, just the discount they’re paying compared to the real-time market price and how quickly they’re turning the properties?
August 26, 2008 at 10:53 AM #262142ParticipantCould you give us some basic numbers about these deals? No names or specifics, just the discount they’re paying compared to the real-time market price and how quickly they’re turning the properties?
August 26, 2008 at 10:53 AM #262196ParticipantCould you give us some basic numbers about these deals? No names or specifics, just the discount they’re paying compared to the real-time market price and how quickly they’re turning the properties?
August 26, 2008 at 10:53 AM #262233ParticipantCould you give us some basic numbers about these deals? No names or specifics, just the discount they’re paying compared to the real-time market price and how quickly they’re turning the properties?
August 26, 2008 at 11:10 AM #261944Anonymous
GuestThe way they make money is buying in all cash at trustee sale for a large discount. The far majority of people can’t do this, and there are risks involved. There is no inspection contingency, so you have to try and do an inspection before the sale and any liens on the property are now your problem. The average person doesn’t want to take that risk. The reward is that they can sell for a profit to somebody who’s financing the property who gets to inspect the property and doesn’t have to deal with liens on it. The profit is because of the risks involved with the deal and the need for loads of cash severely limits the competition.
August 26, 2008 at 11:10 AM #262145GuestThe way they make money is buying in all cash at trustee sale for a large discount. The far majority of people can’t do this, and there are risks involved. There is no inspection contingency, so you have to try and do an inspection before the sale and any liens on the property are now your problem. The average person doesn’t want to take that risk. The reward is that they can sell for a profit to somebody who’s financing the property who gets to inspect the property and doesn’t have to deal with liens on it. The profit is because of the risks involved with the deal and the need for loads of cash severely limits the competition.
August 26, 2008 at 11:10 AM #262152GuestThe way they make money is buying in all cash at trustee sale for a large discount. The far majority of people can’t do this, and there are risks involved. There is no inspection contingency, so you have to try and do an inspection before the sale and any liens on the property are now your problem. The average person doesn’t want to take that risk. The reward is that they can sell for a profit to somebody who’s financing the property who gets to inspect the property and doesn’t have to deal with liens on it. The profit is because of the risks involved with the deal and the need for loads of cash severely limits the competition.
August 26, 2008 at 11:10 AM #262206GuestThe way they make money is buying in all cash at trustee sale for a large discount. The far majority of people can’t do this, and there are risks involved. There is no inspection contingency, so you have to try and do an inspection before the sale and any liens on the property are now your problem. The average person doesn’t want to take that risk. The reward is that they can sell for a profit to somebody who’s financing the property who gets to inspect the property and doesn’t have to deal with liens on it. The profit is because of the risks involved with the deal and the need for loads of cash severely limits the competition.
August 26, 2008 at 11:10 AM #262242GuestThe way they make money is buying in all cash at trustee sale for a large discount. The far majority of people can’t do this, and there are risks involved. There is no inspection contingency, so you have to try and do an inspection before the sale and any liens on the property are now your problem. The average person doesn’t want to take that risk. The reward is that they can sell for a profit to somebody who’s financing the property who gets to inspect the property and doesn’t have to deal with liens on it. The profit is because of the risks involved with the deal and the need for loads of cash severely limits the competition.
August 26, 2008 at 9:25 PM #262208SD Realtor
ParticipantJordan you are absolutely correct that this is not for the average person. Not by a long shot at all. As far as the risks involved with purchasing at trustee sale we have gone over that before and once again, not a good idea for pretty much most everyone here.
As sdr said, there are a few savy people who are “making a killing”
Peterb no I cannot give you any specifics at all. To be quite honest this topic is of high interest of me for potential business and personal reasons so I prefer not to. I never said these opportunities are easy to find, just that they are out there. One resource you can use to learn more about trust sale history in various zip codes is fidelityasap.com.
August 26, 2008 at 9:25 PM #262410ParticipantJordan you are absolutely correct that this is not for the average person. Not by a long shot at all. As far as the risks involved with purchasing at trustee sale we have gone over that before and once again, not a good idea for pretty much most everyone here.
As sdr said, there are a few savy people who are “making a killing”
Peterb no I cannot give you any specifics at all. To be quite honest this topic is of high interest of me for potential business and personal reasons so I prefer not to. I never said these opportunities are easy to find, just that they are out there. One resource you can use to learn more about trust sale history in various zip codes is fidelityasap.com.
August 26, 2008 at 9:25 PM #262419ParticipantJordan you are absolutely correct that this is not for the average person. Not by a long shot at all. As far as the risks involved with purchasing at trustee sale we have gone over that before and once again, not a good idea for pretty much most everyone here.
As sdr said, there are a few savy people who are “making a killing”
Peterb no I cannot give you any specifics at all. To be quite honest this topic is of high interest of me for potential business and personal reasons so I prefer not to. I never said these opportunities are easy to find, just that they are out there. One resource you can use to learn more about trust sale history in various zip codes is fidelityasap.com.
August 26, 2008 at 9:25 PM #262470ParticipantJordan you are absolutely correct that this is not for the average person. Not by a long shot at all. As far as the risks involved with purchasing at trustee sale we have gone over that before and once again, not a good idea for pretty much most everyone here.
As sdr said, there are a few savy people who are “making a killing”
Peterb no I cannot give you any specifics at all. To be quite honest this topic is of high interest of me for potential business and personal reasons so I prefer not to. I never said these opportunities are easy to find, just that they are out there. One resource you can use to learn more about trust sale history in various zip codes is fidelityasap.com.
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