House on craigslist in Watauga Texas just called owner

[David A.]

I have just started browsing through craigslist to find motivated sellers and so far this is my first call. From my conversation with the owner, he has this house paid off and started at $80k and then $70k. This is probably way too much but I am just practicing my negotiation skills :). There are two houses on this property though, the main rents for $700 3/2 and a small 1 bdroom house in the back $500. So pretty much $1,200 possible rents on it. The back house needs rehab in bathroom bathtub. It seems this guy will go lower but did not take my $40k offer. He would also do 6% $5k down on owner finance on it. Ok on to the next one just thought i'd share with anyone if they are interested. For some reason i can't find it on TAD.
5613 Lamar Street Watauga 76148

[Jon Klaus]

David, you are actually onto something here. $1200 rent for $70k plus seller financing is something investors will be interested in.