All Forum Posts by: Morry Eghbal

@Pyrrha Rivers 

Here is the other key. 

Motivation. Motivation is the Mother of all sales. But it help when in could be back up with equity. 

It does you not good to deal with a motivated seller who is over  encumbered. 

You will learn how to detect and find out the level of motivation by asking questions.

For example.

How soon do you want to sell?

What is the least you would take?

How much you have to have in your hand to make the move?

You also learn it is easier to negotiate if you isolate the price from the amount of the money a person has to have in his or hand to make the move.

Keep on learning.

This is a skinny deal I would sell and get out of it.

Please make sure you give yourself enough time on the carrying cost.

@Pyrrha Rivers Keep learning, If you have any questions this is a great place to ask...I have a busy schedule myself, whenever I get a chance I look to see who has a question that I could answer or learn from.....Enjoy Japan

@Pyrrha Rivers You are a smart individual.  I thought you might not have cut on that.

Every time a property sells it get reassessed. A house could worth $125,000 but the assessment value could be $75,000. 

When it sells the assessment value gets recalculated and it shows up at $125,000. Because in many cases it is hard for the title company to produce a last sales data...This is an easier indicator to know a property has been owned for a long time.

Second thing is, I don't want you just to blow $1,000 on absentee mailing when you can call them...and see if it produces results for just a few dollars. 

The key is equity.

Let me know if I explained enough. or I am sure many others will have more details on this.

@James Wise is right. Don't worry about the buyers...you work to get the deals and it will bring the buyers.

You will find plenty on the BP just give it one hour.

Contact first american, for Title. 

@Pyrrha Rivers 

I will tell you something that work each and every time. Question is will you do it?

I see you have your criteria  covered very well. 

Don't forget the assessment value in an area that properties sell for $130K you want to assessment value to be as little as possible, that means they owned it for a long time.

Do this with absentee owners. Get your list from a title company at ZERO Cost to you.

then Send you data to data24-7.com and they will produce the phone number to the mailing address of the absentee owner for pennies, then contact them.

How difficult was this.

Comeback with the news of the deals you got. 

Sincerely,

Morry

great story.