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Updated almost 11 years ago, 03/05/2014

User Stats

693
Posts
216
Votes
Scott K.
  • Real Estate Investor
  • Madison Heights, MI
216
Votes |
693
Posts

Either dealing with idiots or scammers

Scott K.
  • Real Estate Investor
  • Madison Heights, MI
Posted

I looked at a property that is not on MLS.

First the person I talked to on the phone was a guy that you could barely understand what he was saying.

I go out to look at it and I could not get in. I call him and he gave a new code to get into. I had a contractor come out and meet me there. There will be a lot of rehab that needs to be done.

The price started at 12k. Just while talking to the guy he came down to 10k without me even asking if the price was solid.

So after I was done looking and ask the contractor to get me a close price on rehab. He says he stopped when he got to 20k.

I call the guy back to try to get more info on the property. I get him to come down to 8k. I told him that there will be no money changing hands until closing and that this seems to be a scam. I want to talk to the owner and not deal with a guy I can barely understand.

Finally talked to owner told her that her middleman is not helping her sell her properties. She is in Florida and I tell her the most I could pay for this prop is 7k. She seems insulted so I think my price is a good starting place. Says she will call me back on Monday morning. Never calls and that is that........but wait there's more.

I just found out the price is lower than what I offered her.

These people are either idiots or scammers.

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