Finding Motivated Sellers In Real Estate


by Robert G Allen - Date: 2007-04-10 - Word Count: 518 Share This!

The Key to Real Estate is finding motivated sellers. We I look for Real Estate, I look for DON'T WANTER CONDITIONS. These are conditions that create motivated sellers...

D - Divorce
O - Obsolescence of property - needs major fix up
N - Negative cash flow
T - Transfer from job

W - Wrong management approach
A - Arrears in payments
N - Negative location
T - Taxes
E - Estate situations (death)
R - Retirement

C - Competition with neighboring properties
O - Out-of-area owners
N - Neurotic fears
D - Debts
I - Ignorance of investment principals and market conditions
T - Time constraints
I - Investment capital - needs capital for another investment
O - Ornery partner(s)
N - Need for status symbols
S - Sickness

These are the majority of the reasons for motivation and your goal is to find properties with sellers in these unfortunate situations. You now become a problem solver as you attempt to solve these personal problems. Keeping in mind you are trying to offer a solution that will require little to no money down.

There are several nothing down solutions. Here are 50 of them.

Technique No. I The Ultimate Paper Out

Technique No. 2 The Blanket Mortgage

Technique No. 3 Life Insurance Policy

Technique No. 4 Contract or Wrap-Around Mortgage

Technique No. 5 Raise the Price, Lower the Terms

Technique No. 6 The Balloon Down Payment

Technique No. 7 High Monthly Down Payments

Technique No. 8 Defer the Down Payment with No Mortgage Payment

Technique No. 9 The Buyer

Technique No. 10 Supply the Seller What He Needs

Technique No. 11 Assume Seller's Obligations

Technique No. 12 Using Talents, Not Money

Technique No. 13 Borrow Against Life Insurance Policy

Technique No. 14 Anything Goes

Technique No. 15 Creation of Paper

Technique No. 16 The Two-Way Exchange

Technique No. 17 The Three-Way Exchange

Technique No. 18 Lemonading

Technique No. 19 Borrowing the Realtor's Commission

Technique No. 20 Rents

Technique No. 21 Deposits

Technique No. 22 Splitting Off Furniture and Other Items

Technique No. 23 Splitting Off Part of the real estate property

Technique No. 24 Small Amounts of Money From Different Banks

Technique No. 25 Cash-By-Mail Companies

Technique No. 26 Credit Cards

Technique No. 27 Home Improvement Loans

Technique No. 28 Home Equity Loans

Technique No. 29 Refinance Boat, Car, Stereo, or Other Personal real estate property

Technique No. 30 VA Loans

Technique No. 31 FHA Loans

Technique No. 32 The Second Mortgage Crank

Technique No. 33 Variation of the Crank: Seller Refinance

Technique No. 34 Buy Low, Refinance High

Technique No. 35 Use Discounts from Holders of Real Estate Mortgages

Technique No. 36 Moving the Real Estate Mortgage

Technique No. 37 Creative Refinance of Underlying Mortgage

Technique No. 38 Pulling Cash Out of Buildings You Own But Don't Want To Sell

Technique No. 39 Making A Partner of the Holder of an Underlying Mortgage

Technique No. 40 Selling of Second Trust Notes

Technique No. 41 Borrow Partner's Financial Statement

Technique No. 42 Borrow Partner's Money for Down Payment

Technique No. 43 Borrow Partners Money for down Payment Until Your Money Comes

Technique No. 44 Your Cash Flow/My Equity Or Some Combination

Technique No. 45 You Put Up the Cash; I Put Up the Time and Expertise

Technique No. 46 The Rolling Option

Technique No. 47 Equity for Options

Technique No. 48 Sale Option Back

Technique No. 49 The Earnest Money Option

Technique No. 50 Lease With An Option To Purchase

You can visit my website to learn more in depth how each of these techniques work.


Related Tags: real estate, robert allen, robert g allen, motivated seller

Robert Allen is the author of two of the largest selling financial books in history; Nothing Down and Creating Wealth, both New York Times best sellers -- read by millions of people in the past 20 years. My other best-selling books include Multiple Streams of Income, and my current Mega-Best-Sellers, One Minute Millionaire and Cracking The Millionaire Code co-authored by Mark Victor Hansen.

Robert Allen is Working on his latest Profit-Making Challenge and is selecting a group of people to with. To learn more visit http://www.robertgallen.com

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