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Updated over 3 years ago,
Care to share some creative wholesaling strategies?
I had a meeting today with a couple in my area that responded to my Yellow Letters. I'd spoken with the owner briefly on the phone once before and we'd discussed the overall condition of the property, why he wants to sell, how much $ he'd be happy to walk away with, etc.
After the screening questions over the phone I threw a number out and he said it'd be the lowest he'd accept and still be happy with, but he'd still need to speak with his wife about it.
Anyway...so today I met with them in person and he gave me some more info.
This property is zoned for R-4. On the lot is their main residence, a 3/2, and on the back of the lot is a duplex with carports underneath.
I would've sealed the deal today, but! Their family lives in the duplex and relies on them for "cheap" housing in a pretty expensive area.
They're reluctant to sell because they don't want to leave their family behind.
So, I had an idea on my drive back home...maybe some of you have had this idea too:
I was thinking I could offer to pay the rent of the tenants for 6 months using proceeds from my assignment fee. Of course, the end buyer would have to agree to this...
Have any of you ever done anything like this? Am I crazy???