ROBERT SHEMIN BUY FROM MOTIVATED SELLERS
In real-estate circles, it’s said that you make your money not when you sell a property but when you buy it. The better the deal you can cut at the time of purchase, the greater your profits and your spread between expenses and rental income, the greater your equity
One of the best ways to ensure that you purchase your properties at Rich Idiot prices is to purchase them from motivated sellers.
Robert Shemin’s definition of “ motivated sellers, “ We are not talking about taking unfair or unethical advantage of people. We are talking about buying from folds who have to sell because of divorce, an unexpected move, even a financial setback.
Where do you find motivated sellers? First look through your own local newspapers for ads that indicate the buyer is motivated to sell
Second, contact local realestate agents to see if they have any clients likely to lower their asking price in exchange for a quick or even cash sale. Third, start attending meetings of your local real-estate investment club
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