QUESTION:
I seen these ads posted on craigslist today. I froze up. What should I do next?
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Date: 2010-06-01, 10:01AM EDT

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3 bedroom, 2 bath ranch with great room with fireplace, rear deck, large laundry room. storage room off garage, his/hers vanities in hall bathroom, breakfast bar separating kitchen from dining room, double garage, central gas heat, central AC, whole house exhaust fan for efficient cooling, on one acre lot with hardwoods backing up to creek. Watch the deer from the back deck. Located in Brookwood subdivision about 2 miles from the Oconee Connector at 316, less than 10 miles to UGA, and 3 or 4 miles to downtown Watkinsville. I will finance with about $12,000 down, or lease with an option to buy (good for 2 years with the price locked in at $138,000) at $1000/month and a $2000 deposit, and finance the note for 6 years thereafter. With a higher downpayment, I’ll reduce the price. OR, for a cash offer, I’ll reduce the price even more. NO photos. Please no emails. CALL me at xxx xxx xxxx

xxxx Crooked Creek Rd (google map) (yahoo map)
Location: Watkinsville/Brookwood Subd
it’s NOT ok to contact this poster with services or other commercial interests

$95000 / 3br – 1950s brick ranch close in – Owner Financing (Athens) (map)

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Date: 2010-06-01, 10:05AM EDT

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3 bedroom, 2 bath brick ranch w hardwood floors, CHAC, “bonus room” (about 10 ft x 20 ft), small laundry room, huge corner lot with fenced yard off Oglethorpe Ave, close to downtown and less that 1/2 mile to bypass at Tallassee. Needs a bit of TLC, but, renovated houses in this subdivision have sold for 130 – $140,000 in the past 3 years. Currently rented, so please call before riding by. I’m asking $95,000, but will accept less depending on the downpayment (or all cash). I will finance with about 10% down , or lease the house with an option to buy. Financing can be real flexible according to your situation. No photos available. Please CALL me (no emails, please) at xxx xxx xxxx

xxx Knottingham (google map) (yahoo map)
Location: Athens
it’s NOT ok to contact this poster with services or other commercial interests

$59000 / 3br – No Credit? No Problem; I will Finance (Athens area)

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Date: 2010-06-01, 10:14AM EDT

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Tired of playing landlord; thus I am willing to sell what I’ve got relatively cheap and offer my own financing, to keep banks out of this. I’ve got a 3br/2bath house in a popular subdivision in Watkinsville, a 3/2 older brick ranch with hardwood floors thruout, and more 2 1/2 miles from downtown/UGA, a 1930s spacious house in Oglethorpe County (about 16 miles from Uga) and possibly another. It’s also possible I’ll offer a lease purchase option if you don’t have enough cash for the downpayment. Please CALL for details; I will not answer questions on line. xxx xxx xxxx

Location: Athens area
it’s NOT ok to contact this poster with services or other commercial interests
ANSWER:
I would call them, but it looks like an investor’s ad. I wouldn’t expect too much flexibility though.
If you want to get crushing it, go do some JVs with other investors. It’s a lot easier to get started with little to no resistance.
But again, it can’t hurt to call the guy but just remember it’s going to be uncomfortable because there’s no room to ask any questions. All the questions are already answered and if you don’t have $12K to put down they’ll sandbag you. HOWEVER, you could always option it and ask for $15K down and pocket $3K under the right terms.
Again, get some JV’s going!
There’s my two cents.
Adam
RESPONSE:
Thanks. I felt that it wasn’t much room for flexibility when I seen the ad because all terms were laid out. I will make the call and use it as practice and see what happens if he is an investor I will see if we can JV together on some deals as you suggested.
I’m on my way.
Thanks again.
ADAM RESPONSE:
You’re welcome.
Just keep in mind that the beginning is critical to your ego. You MUST make sure that can work your way through the beginning as an “insight” phase and not a failure phase. Most people hit the real world and then give up when things don’t go their way. If you do JV’s, you’re tweaking your environment to work in your favor. Then, once you get a few deals under you belt your ego (emotional side) will have no choice but to KNOW it can be done and follow your intellect’s lead.
The rest will be history led by success!
Adam