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Updated about 15 years ago,
Weird Phone Call...
Hello Everybody,
Not sure where to post this, sorry if in wrong forum...
I recently started a topic (I Took Action) in the Starting Out forum about me putting up bandit signs. I have received 4 calls already 3 of them were tire kickers, but one call I received today caught me off guard. The message was from a woman wanting to buy a house, my bandit signs say " I BUY HOUSES" not houses for sale so I thought she could be a landlord or flipper. I called her and starting asking her questions from a buyers question sheet I had put together, she informs me that she has already found a property she wants to buy and wants my help to buy it...WHAT???
She tells me that the property is a FSBO and that they are getting a great deal on the property and wanted to know If I could help her and her husband buy it. She informs me that the property is worth $110K FMV but the people selling it need to sell in a hurry and are willing to let it go for $60K. They need time to get financing together and wanted to know If I or someone I know could buy the property and seller finance it to them for 18 - 24 mos until the get there financing in order to cash out the investor.
I told her that private money is cost more $$$ than bank $$$ and she seemed to understand that, so I said that I wouldn't make her any promises but I would ask around and see if this is possible and I would call her back either way if I could or could not help her.
Has anyone ever had such a call??
Can Anyone do this????
If so I'm in the local area of the house so any info you would need I would be able to get you the info.
Do you guys think I should leave this alone because I'm no loan broker, or get info from the people that are selling the property and see what there story is...I need advice.
Thanks,
Alex