I used one of Dean's strategies from his new book Profit from Real Estate Right Now. It is where you go onto craigslist and email an ad that looks like a potential deal a small paragraph (p.63). Well, from doing this I got am email back from an FSBO.
Here's the details:
3032 sq ft
Built in 2001
Owner states excellent condition
Monthly payments: $1800 (p.i.t.i)
Bought for $242K
Tax Value: $263K
Reason for selling - Relocating to NC
At first the owner told me that he wants $250K for the property. I asked him the finishing probing question, "If I can give you an all cash deal, what is the least you would take?" He didn't answer. However, the next day there was an email from him and he stated that he would take what he owes.
So, what are your thoughts on the potential prospect? How would you structure a deal out of this?
"The entrepreneur always searches for change, responds to it, and exploits it as an opportunity." — Peter F. Drucker