Starting out with Marketing

3 Replies

I have started letting friends and family know about our interest in real estate investing. A friend saw our sign about buying houses for cash and asked if we wanted to buy their house. They said they were really upside down on it and I was really at a loss for what can happen in that scenario. I imagine for upside down would seller financing or lease option be the best way out for them? I don't believe there is any equity in the deal right now. What can I say to them? 

Thank you!

1.  See what they owe on it

2.  What is their monthly payment

3.  What are rents going for in that area

4.  If you can put a solid amount of cash in your pocket monthly and keep up the the monthly payments go for it.   as long as they have kept financing in tact and are willing to do a long term lease option.    

I use to live in Victorville off of Amythest and Bear Valley Road so i do know that area.   

If its in a nice area then go for it.    Get the particulars and post the scenerio here on BP and get some help on it.   I know people doing great with lease options.  

Originally posted by @Gerald Harris:

1.  See what they owe on it

2.  What is their monthly payment

3.  What are rents going for in that area

4.  If you can put a solid amount of cash in your pocket monthly and keep up the the monthly payments go for it.   as long as they have kept financing in tact and are willing to do a long term lease option.    

I use to live in Victorville off of Amythest and Bear Valley Road so i do know that area.   

If its in a nice area then go for it.    Get the particulars and post the scenerio here on BP and get some help on it.   I know people doing great with lease options.  

 Thank you sir! I'll start there. The house is in Hesperia.

I would chat with @K Marie Poe.  She will have some great in site for you. 

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