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Updated about 8 years ago on . Most recent reply

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Sam Jones
  • New to Real Estate
  • Las Vegas, NV
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What would an expert do?

Sam Jones
  • New to Real Estate
  • Las Vegas, NV
Posted
So I have an interesting situation and I would like some advice from more experienced investors. I'm a newer Realtor in San Diego, CA. I got into the business with the plan on taking money I earn as a realtor and investing that into Real Estate. I was prospecting earlier this week and met a very nice older lady. She had over $750,000 sitting in the bank doing absolutely nothing, she asked me if I could help her find a single family as a rental property. That's great and everything, but as soon as I was about to get off the phone she interjected that she actually would be interested in doing a seller finance deal. How would you handle this? Is there any strategy to where I could end up purchasing my first investment property with her seller financing? What would you do?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

she may be talking about simply financing her property .. or using the liquid cash to lend to you to buy another property... why don't you ask her  ... that's what I would do

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JLH Capital Partners

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