Hi de Ho
Got a question which might be very straight forward to some but I need an answer as I’ve loaned out the two books that would have it.
When doing a flip or renos for some quick cash what is the consensus in getting the seller to go for a low price? Offer a cash deal with a long settlement or offer a large upfront deposit with finance and long settlement?
The reason I’m asking is that I need some hard cash [biggrin] and am in the process of getting an equity line so that I can make “cash” offers on property to fix em up and flog em off.
Found lots of properties that could be sold for $50K more after spending $10 fixing.
Thx…………
Hey HotRod,
I’m fairly new to this but I believe if you can keep your money in your pocket longer its got to be better for you. I know someone that actually managed to arrange a long settlement and was able to get into the property to start work before the settlement date came arround. It all depends on how bad the vendor wants to sell.[rolleyesanim]
Beck.
I’m doing it. You learn faster when you do it.
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