Brandon turners Craigslist tip

[Rick Santasiere]

I listened tony the podcast 21 1/2 tips last week and while some of the tips did not completely fit for me as a real estate broker, one made perfect sense: the posting on Craigslist that I buy houses for cash. I put an extremely simple, quick and clear message that I can close in two weeks, and I got an email within an hour. While I can't share specifics of the deal yet, it might come to something. Women from out of state inherited a home due to her fathers passing and she knows it needs a ton of work and can't sell on the mls. Problem is that it's in an area that i am not that familiar with (but close to Uconn, which is booming due to a major shortage of rentals). My hope is that I can get into it for cheap enough to make repairs and hold for income. Its a multi. Just wanted to share that this stuff works if we work it:) a big thanks for BP and the great knowledge sharing that is happening all over the forums and blogs.

[Rick H.]

Try offering seller financing. 

Seller gets monthly payments and doesn't blow the money all at once.

Payment can be whatever you agree and start when you decide you can  afford the cash flow.

Too many people miss the point of this play for inherited and probate properties and instead use dumb money to pay all cash.