OfflineHey all DG fam,
I have some troubling news just comming in from a REA! I was refered to the REA for my area by my partners REA broker he had repore with ( she recommended one for his area and one for mine to double the chances of our success). I live in Jacksonville fl and the agent in jax told me that the market is turning if not turned already. We are relying on no money down stratigies and assignments to build some cash to start we both have not so good credit so financing is slim to none. With my market turning and us having no money does that mean we have missed our window of sucess for my area? Worried severly!!! Any words of any kind will be most helpfull please help!
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Matthew Schneider
Matt,
Assignments will work in any market, buyer's, seller's, up, down, it doesn't matter. You get a great deal under contract and a assign it for a higher price.
There will always be someone that needs to get out in a hurry and there will always be handyman specials for rehabbers.
In addition, it will be a long time before banks relaxe their standards and PLENTY of people with damaged credit- lease/options. Keep moving forward.
Rick
people compromise your direction. If they were so damn smart, they wouldn't have to work. We all just make our best guess.
Always Looking to Acquire Houses | Always Looking to Amaze Investors
Matt, I am new here but don't give up there are ways to make money in the market.
Most deals that you get through a REA are going to want EMD.
Your best tactic is to look for FSBOs or drive around looking for vacant houses that are not listed and don't have lock boxes or stickers on the windows with a bank's name on it.
Working with the owners directly is the best way to get a prop under contract with no $$ out of pocket.
Karen
"You're never too old to be what you were meant to be!"
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"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
For the kick in the but! I can see you all have great points! I am not giving up by any means I just want to make sure I am being cycle smart. Thanks you all for the help and I will keep you updated as to our progress.
Matthew Schneider