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Updated over 16 years ago,

User Stats

296
Posts
6
Votes
Jason F
  • Real Estate Investor
  • Gainesville, FL
6
Votes |
296
Posts

Word of advice..

Jason F
  • Real Estate Investor
  • Gainesville, FL
Posted

Whenever I'm selling a home I always get frustrated with the amount of investors that call me and the first question that they ask is what the mortgage is on the property and if I'm interested in them taking over payments, etc, etc.

This actually just happened a couple of minutes ago which is what prompted this email.

Just a word of advice:

Try talking to the seller for a couple of minutes and building a relationship with them before asking them who their mortgage is with, how much it is or if they would be interested in letting you take over payments. I'm sure you have dozens of FSBO signs to call in a day, but do yourself a favor and ask about the house first, before, trying to work your creative financing magic.

I just get so frustrated when investors seem to be looking for a house based solely on whether or not they can creatively finance it not the house itself.

Just some advice. I'm sure spending 5 minutes extra with these people will make it a lot easier for you to ask them to let you start making their payments for them. Build some trust, people.