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Carlton Sheets, Beginners, Courses, Gurus, General Forum
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OFHEO House Price Index Shows Largest Deceleration in Three Decades!
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Topic: OFHEO House Price Index Shows Largest Deceleration in Three Decades! (Read 1556 times)
reoconsultants
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Re:OFHEO House Price Index Shows Largest Deceleration in Three Decades!
«
Reply #15 on:
September 08, 2006, 04:36:45 PM »
Look at it like this NOBODY is offering owner carry I only market to those that need it. Here is the great thing I need another 140 houses to fill my buyers lists. So many investors focus on trying to find deals..
NEWS FLASH YOUR DEALS ARE NO GOOD WITHOUT BUYERS
I focus on finding buyers the deals are easy to find. Then it is a game of matching. Oh really this is not the house you really want? Might as well buy something to build Equity in Right?? Great sign here
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Funder
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Re:OFHEO House Price Index Shows Largest Deceleration in Three Decades!
«
Reply #16 on:
September 08, 2006, 05:52:40 PM »
When a property appraises for $50,000 and 20% more than what it's selling for, then I can see how that would make a lot of money. I think those deals would be very hard to find, especially at the rate of 10 per month. Most owners hear that their house appraised for more, so they want more. Furthermore, wouldn't you need to pay capital gains tax? Even if you 1031 exchnange the thing, you still have capital gains on the amount that you carry. I don't mean to be a nay sayer, just clear this stuff up for me, please since I'd like to get RICH.
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Re:OFHEO House Price Index Shows Largest Deceleration in Three Decades!
«
Reply #17 on:
September 08, 2006, 06:42:22 PM »
Funder,
We find them all the time here is the approach. Find someone thinking about selling.
Appraised at $250,000.00 minus REALTOR fees of 6% brings us to $235,000.00 minus Like you said 7 months holding for Avarage market time at $2,000.00 per month brings us to 221,000.00 Minus Repairs $15,000 brings us to $206,000.00
So Mr. Homeowner you would walk with $206,000.00 in 7 months or I can give you $200,000.00 tomorrow.
Remember 90%of our deals are short sales or bulk bought REO's
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OFHEO House Price Index Shows Largest Deceleration in Three Decades!
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