Don Alexander
Active 1 day, 23 hours agoForum Replies Created
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Happy New Year!! I think that Jack would also use options and master leasing in this market to be safe. I think he would also advise, as somebody also suggested, that now would be a good time to sell your non performing assets and replace them with something that will cashflow by using master leases rather than buying.
Keep talking with the owner. Find out what he needs. What is he going to do with the money when he sells? See if he will be open to owner financing. Get an option on the property if he will consider that. Get estimates on the cost to make the repairs to the house. Explain the concept of the highest bidder sale to him. This could possibly produce enough money to pay the gentleman in full for his house. In order to clean out the house, an auction could be set up to clean out the house. Sell the contents room by room in an absolute auction. Everything must go. You could use the proceeds from the auction sale of all of the personal property to pay the gentleman a down payment towards owner financing if he would agree to owner financing.
