Lonnie Deals - Are They Changing?

[Philip Bourdon]

Hi. Here I am with my first purchase at $2750 for an older, but nice 2/1. I have five potential buyers, three of whom want to pay cash (my cash price is $5500), the other two would put down 2K! One of those would pay $1/month.

The seller hasn't moved out yet, so no one has seen it. BUT, here is what I am wondering. I was offering financing. How is it that so many want to pay cash? Is Greater Pittsburgh different from other areas? I thought (as I heard Lonnie say at the conference I went to last month) that the buyers don't have the cash and need the financing.


If I can sell for around 5K here, I will take it in a heartbeat vs. taking in near 7K over 36 months or so. I'm not complaining! I'm just wondering if things have changed and more folks have enough money. What are the rest of you finding?