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Updated 8 months ago,
How to find the best deals in YOUR CITY/TOWN
Lot of readers on here that want to buy houses with nothing down or close to it. The average everyday home seller doesn't want to hear your creative solution to their "problem" (because they don't have a problem - they just WANT to sell). What you need to find is motivated sellers. So here is a partial list of people who might be more inclined to listen to your offer of a cash discount, or some type of vendor financing:
Financially Distressed Homeowners
These are people who may be facing financial hardships such as foreclosure or debt. Homeowners at risk of losing their property due to missed mortgage payments are often desperate to sell before the bank takes over. Individuals overwhelmed by debt may need to liquidate their property to pay off creditors.
Divorcing Couples
Divorce often necessitates the sale of shared property to divide assets quickly. These sellers typically want a fast sale to move on with their lives and avoid ongoing conflicts.
Relocating Sellers
People who need to relocate for a new job, military deployment, or other personal reasons often seek a quick sale to avoid the burden of managing a long-distance property.
Inherited Properties
Heirs who inherit a property they don't want to maintain or manage may be eager to sell quickly. This is especially true if the property requires significant upkeep or if the heirs live far away.
Owners of Distressed Properties
Sellers who own homes in poor condition and can't afford the necessary repairs may prefer to sell as-is rather than invest time and money into renovations.
Landlords with Problematic Tenants
Landlords who have been dealing with problematic tenants, frequent vacancies, or costly property damage might want to offload the property quickly to cut their losses and avoid further hassles.
Owners Facing Major Life Changes
Significant life changes, such as health issues, retirement, or downsizing, can motivate people to sell their property quickly. They may need to access cash or move to a more suitable living situation.
Tax Liens or Legal Issues
Owners facing tax liens, legal disputes, or other complications may want to sell their property fast to resolve these issues without further financial or legal consequences.
Burnt-Out Investors
Real estate investors who are tired of managing properties, dealing with tenants, or facing constant repairs may decide to liquidate their holdings quickly to invest in other opportunities or simplify their lives.
Understanding these motivations can help you tailor your approach and offer solutions that address their specific needs, making it more likely you'll secure a deal.
I found all of my deals off-market. By advertising. Everywhere I could - "I BUY HOUSES". I'd love to hear from someone who bought a house through a realtor with zero down (100% vtb) with interest only payments (turned this house into a cashflow king).
Deals are everywhere, Every town, every city. Look for vendor motivation, and you will find great deals! Keep in mind that when you become a problem solver, things can get messy with the vendor, but that's why you get paid.