Updated about 13 years ago on . Most recent reply
Theoretical Understanding of How and Why Sales Occur
I am quite a newbie. My experience has been in buying and holding, and I've only done it a few time. WIth either my own resources or with the help of an equity partner or maybe a loan, I was thinking about marketing to homeowners who want to sell fast or are distressed. I get that foreclosure and short sales are possibilities, and so would assumptions. But also just paying cash for someone with enough equity and with a good enough ARV and who is motivated. I get that certain deals are worth taking and the majority are not.
Having said all that, there are elements I just don't get as to what all options are for someone in my shoes, and how to learn about them, and how to not get myself in trouble trying to help homeowners.
Is there a particular source - book, blog, set of posts here on BP, or mentor that I should look into so I can see the panorama of options and how they each function? You know, the theory of what the possibilities are when an owner wants to sell under market value - or needs to sell due to getting behind on payments. If I am making sense........