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Using public records and/or list brokers to identify longstanding property owners in a particular area that would be motivated to sell quickly due to death, divorce, out of state relocation, etc. The contracts would then be flipped to cash-buying investors seeking rental-ready properties for their cash flow portfolios.
Assuming the homes need little to no major work done (not rehabs), would the pricing estimation as given in “RE Profits on Steroids” become market value – 30% – my profit? Is helping the seller move their house FAST for all cash at no cost to them enough of an “angle” for them to take 65% FMV?
I would appreciate any further thoughts one could share about this method.
Thanks!
— S.
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