I buy houses Ad´s

[Mauricio Rios-Alvarado]

Does anybody know how "I buy houses" Ad´s work or has anybody had an experience doing business with those people???

Since I have seen a bunch of signs around The area I live in, (Birmingham), to me it just seems to easy to buy one of the very cheap houses I´ve been offered by other wholesalers(obviously in very bad conditions, but cheap) or the cheap ones I´ve seen on the MLS, and then call those phone numbers and offer the house to them a little bit higher, but I do not know if there is a catch or what?? Cause besides a lot of them signs say also: "Any condition, any price, I pay cash"

So would that be a good idea?? I don´t want to get stuck with a house nobody wants to buy.

Besides if now days there are so many deals everywhere with this boom of people offering classes and seminars that brainwash you and promise to make you rich overnight investing in RE; why not just go get the houses where they know they can find them and buy them, instead of posting signs to buy houses???

[Eric H.]

@Mauricio Rios-Alvarado Those signs are what we call "bandit signs". The person on the other end of that sign is 99.8% likely to be a wholesaler. With your outlined strategy, I can guarantee you would be stuck with a house nobody wants to buy. Great deals don't last. Savvy investors scoop them up quickly. So if it's been sitting around for a while (more than 2 weeks), it's probably not a deal. Learn what a deal looks like by understanding your local market's property values and learn how to estimate repairs.

Hope this helps!

Sincerely,

E. Harris