stumped.

[John_NM]

On a cash deal you buy the house straight out for what ever agreed price either cash or through a bank. The seller is paid full at closing. Yes you can close quicker with cash.

On terms, Whatever price you agreed upon you work out some kind of terms to pay the loan out to the seller in a certaim amount of time. You and the seller work out the down payment (if any), the monthly payments, interest rate, etc.
There are 100 different ways to buy a house on terms, just get creative. This works only with FSBO.

Hope this helps.

John

[JWRealEstate]

Thanks guys.  It was very clear.  I love this forum.

[whitewater investments]

i dont know if using fsbo in a general term john nm but landlords with recent evictions are a good way to get terms also

[JoeDC]

I found these discussion very interesting.  I have a question for both John_NM and Whitewater Investments.

John_NM
How do you find these people to talk to?  What kinda marketing do you do?

Whitewater Investments
You mentioned dealing with landlords with recent evictions, where and how do you get this information?

Thanks,

Joe

[whitewater investments]

well for most your not going to be as lucky as i am i have state web site that i can look up foreclosures, divorce, probate, evictions and so on you get the point for my whole state WI but chances are you will have to go to the court house for the county your working and get the lastest eviction filings aka tired landlords

[aznewbie]

See if the county recorder for your county has a web site, if not go to the office to find notices of sales, divorce filings etc. Maybe try the courthouse for evictions from landlords, I don't know which type of court though, sorry!

I think probates are though the recorders office too.
The tax assessors site also shows if a properties taxes are paid by a Trustee so that might help in finding people.