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what work for me is couple of things:first is I strike convesation with anyone on the block and ask him about the area and the neighborhood and you'll be amazed how eager they are to talk who died,married,divorcing, etc. after I know the motivation I then drop a written note if they would like to sell.

I must admit I am not an experienced investor like most of you here. however, having an interest in REI and working for the brown co. gave me a good sense of knowledge about the different areas -Chicago- and houses value. I for my part I was being conservative in my numbers it could sell for a higher price. the worst that can happen is that I will break even and that is very very unlikley. But to help me understand... what should be a resale value to make this investment worthy to you?

BINGO...accepted offer at 295K repairs about 70K resale value according to comp 450K. Not to get attached with property R. Webber was good recomondation in playing hard ball with seller. thanks to all of you

Little more insight into this subject... I am dealing with FSBO, it is not in the market yet. I dropped a business card size card with a note if he want to sell and he called me. I discovered that this would estate sale with proceeds from the sale divided between at least 3 family members. any thoughts and recomondations? can you share your experience regarding presenting a low offer and how did he come to accepted? help me bring this fish to the shore :cap:

folks... last time I was in this situation I was getting very nervous, when I tried to dial seller's phone, by the time I get to the seventh digit I would just quit. finally, I mustered enough courage and told her my number. and when she accepted I flipped over from my chair and spelled the coffee. hardly believed it!!.
once again I am in the same situation.This time it is a bigger investment. I think I know what is my homework: CMA, House condtion, select the listing that are suitable for me, etc. but how do you drive the seller to come to accept your low offer. what is your strategy (excuse the spelling). I would like to here from you as pros any suggestions and recomendations please.

Perhaps... gfw, but they were doing it themselfs. is Estate sale a good way to find an impending sale? maybe he WAS driving around and inquired. however, I will see it tomorrow. he is asking 309k and cma's suggest in the high 300

This is very puzzling for me :roll : help me please if you could... thank you
A house the owner died, no wife, no children. His family did a Estate sale, no ad in the paper,CL or anywhere else,that same day an agent from a 10 miles away WAS WALKING BY and solicit his service and got it listed. No they dont know him and never met him before.how did he find it so quick, so fast? Death notices?...
Is there anyway of finding homeowners who are prepairing to sell other than thru RE agent?
Plz give some suggegtions
Thank you

I bought this property for 205k and sold it for 287k in 4 moths. I used my home quity for 20% and mortgaged the property for the remaining 80%. It was a very rewarding experience yet I learned a lot. I had the oppotunity of meeting lot of prospective buyers who where themselve investors. I also became aware of many crooks who where trying present a not so honest offers. if there is anything I could advise anyone regarding RE investment, that is do your homework carefully. CMA and careful analysis of the property are essential to the sccess. also equally important is seller's motivations: why is he selling? where he want to go? how long he has been at this property? in the end I had a rewarding investment and I am hunting for next one. plz excuse my typing and I hope that you have taken something from my experience

hello
I've just completed my first RE investment with GRRREEEAAAT results an d I am eager to learn and share my experience.