Unique method

**RichTuday** · 01-01-2009, 01:09 PM

As realtors are you open to Creative Real Estate purchasing techniques? I suspect these are not normally taught in Real Estate Schools, but they can all be very valid ways to get a buyer and seller together, especially in this financial climate.

There is a push by the National Assoc. Of Realtors to try to eliminate some of these methods for everyone [except realtors, of course]. Techniques such as buying 'subject-to' the existing financing, or on a lease option [rent to own].

Why the Assoc. would want to try to put investors out of business is beyond me [unless, can you say, Monopoly??] when investors often buy properties from realtors, I know I do.

At any rate, we would enjoy being able to work with any realtors [and lenders for that matter] that may have properties listed, or are about to expire, that you just cannot sell. Maybe its because the seller just won't hear your professional advice on pricing in their market. Maybe they owe more than they will ever be able to sell for. Possibly they need to upgrade to be more appealing but have neither the money, time or inclination to do so. I am sure there are any number of reasons why homes are not selling in your area.

I am also sure that you have experienced finding a buyer who is pre-approved, only to have the loan to fall through at the closing table. Frustrating isn't it? Or as a lender, having a client that almost qualifies; good credit, no down payment and not a qualified first time home buyer, some down payment but not enough, down payment but no other liquid assets, down payment but terrible credit, bankruptcy or foreclosure.

If you would like to be able to help people in these situations making you look like a hero, be able to make a commission, AND not have to do ANY paperwork, then you should contact us today!!

We are NOT realtors/brokers or lenders. We ARE private investors. We have a unique approach that can be used in nearly every situation in nearly every market. Check out our website [see signature or profile for link] and let us know if you are interested!!

**jpoey** · 01-02-2009, 04:21 AM

You seem to have a problem with the NAR, MLS and Realtors, there are too many cash, qualified investors/buyers in this market to waste time with your "subject to, comission delayed, etc" offers. I'm an independant commercial /residential broker and Realtor with over 20 years in the business and I can sense a waste of time a mile away. Noticed you posted 15 times in one day and your web site seems like a scam to me. I have used creative financing on many commercial and residential deals but the win/win deals are very few and far between and there are many conditions that must be met. You may be legitimate but you appear to be a beginner to me and will only attract inexperienced brokers and agents. Thats just my opinion. Good Luck anyway! and will wait for your scathing, sarcastic response so my fellow agents and brokers may take note.

**Codythebest** · 01-02-2009, 05:43 AM

I agree. We might not learn these techniques at school, but we learn them on the road, as yourself.
I just bought a single family last month again, subject to. The sellers were so happy I could save their credit.
Do you think I'm going to call you to do what we can do?
NOW...and only NOW, I can call you to sell it to you if you want. You will be able to assume the existing mortgage. You want it? you call me...

**RichTuday** · 01-02-2009, 05:43 PM

Aaahhh, I appear to have touched a nerve, but I really do appreciate your feedback. I did not mean to imply that realtors do not utilize creative real estate techniques, nor was I attempting to imply that I am smarter than all of you that have taken the time and expense to study your craft.

Yes, my website is cheaply done. I use it to provide information, not to impress any visitor with slick effects, rehashed information, or links to god only knows what. It is a new concept to me, and one I work on regularly.

As to the information, it is not any sort of scam, regardless of how it sounds. I can appreciate that you that have replied are successful in your chosen fields and do not feel I can offer anything new, and this process is not 'new' as it has been put into practice for several years now. It does resemble many of the techniques you yourselves use, but because of the 'product' we deal in, it is entirely different.

As to posting 15 times in one day, what can I say? Seems I'm require to post at least 15 times to 'advance', so why waste time. If my posts annoy you have the administrator remove them and ban me, if you feel the need.

And to the realtor with the subject to deal, send me the particulars and perhaps we can do some business, if not with myself (who has been accused of being a 'beginner') then maybe a more 'seasoned' investor in our group.

Again, thank you for your comments, and to your greatest investing success!!

**Codythebest** · 01-03-2009, 06:34 AM

Originally Posted by RichTuday

And to the realtor with the subject to deal, send me the particulars and perhaps we can do some business, if not with myself (who has been accused of being a 'beginner') then maybe a more 'seasoned' investor in our group.

Again, thank you for your comments, and to your greatest investing success!!

Market value: $190K
Asking: $180K
Down: $40K
Assuming: $140K

If you have no $40K:
Down: $10K
Mortgage: $30K
Interest: 15%
Amortization: 15 years
Balloon: 12 months

3/2 Single family in TN