All Forum Posts by: Jerel Lyons
Jerel Lyons has started 7 posts and replied 18 times.
Post: LLC owned properties
- Detroit, MI
- Posts 19
- Votes 1
Post: 0 to 54 units in 12 months
- Detroit, MI
- Posts 19
- Votes 1
Post: The art of negotiation
- Detroit, MI
- Posts 19
- Votes 1
Originally posted by @Debra Grumbach:
Originally posted by @Jerel Lyons:
Originally posted by @George Smith:
I'd ask to take a look at that property and then try to get to know the guy a little better. It'll give you the opportunity to find out why he's really selling and what he's going to do with the money. If he's motivated enough, he might give you the lowest he can take. I try to not ever put out a # first although you have to with some because they do not understand what there property is really worth and theyre afraid of getting hosed. Id run through the analysis and make an honest offer if he doesnt first. No one wants to be soaked and he might have other properties or know someone that does which is much more valuable.
Thank you! for taking your time out of your busy day to reply,one of the homes he owes back taxes,so I think that can be used indirectly as leverage, for me to get a cheaper deal,what do you think?
If he owes taxes he may just be in over his head. But he likely also has a mortgage. I would ask him first what he hopes to get by selling the property. Or what he "needs" as in a quick close, out from under the upkeep/repairs/management/etc. Everyone thinks about price first but for many sellers that is NOT the main motivation for selling
thank you so much for your insight,I will indeed take heed
Post: The art of negotiation
- Detroit, MI
- Posts 19
- Votes 1
Originally posted by @George Smith:
I'd ask to take a look at that property and then try to get to know the guy a little better. It'll give you the opportunity to find out why he's really selling and what he's going to do with the money. If he's motivated enough, he might give you the lowest he can take. I try to not ever put out a # first although you have to with some because they do not understand what there property is really worth and theyre afraid of getting hosed. Id run through the analysis and make an honest offer if he doesnt first. No one wants to be soaked and he might have other properties or know someone that does which is much more valuable.
Thank you! for taking your time out of your busy day to reply,one of the homes he owes back taxes,so I think that can be used indirectly as leverage, for me to get a cheaper deal,what do you think?
Post: The art of negotiation
- Detroit, MI
- Posts 19
- Votes 1
Originally posted by @Ayana Sabree:
@Jerel Lyons this house was on the street that I live on. As I'm not able to afford buying lists yet, the easiest way would be to drive around the neighborhood and look for homes that are unkempt!
yeah I get that part, I have about 100 vacant home addresses written down, from driving for dollars, but I'm trying to figure out how to do a skip trace,and find them.not looking for a list.
Hello ayana, I just wanted to know, how did/do you find absentee owner's?