SHORT SALE BOOGIE -Leander, Texas - Part 2- WHO IS READING THIS?

Yesterday I posted about a recent short sale success story. Boogie Boogie!!! This morning I got a call from an investor in the 954 area code. He wants to work with me. Thrills!!! He wants me to steer him to properties that are worth 300K and he will do his own negotiating to buy them at 200K. He offered me half the profit on a resale and a listing commission. What did he want me to do? He said I could be the BPO agent and supply the value that was needed for him to buy the property. He said I could find the properties before I list them and then contact him. Hmmmm! He said his purchase would be a cash transaction and he would prepare a HUD-1 for the bank. Hmmmm?

I protested that I really did not want to do business that way. He said I didn't understand his business model. I understand it! The profit you want to make is coming from somewhere. It's not coming from the seller, it's coming from the bank. You are asking me to change my valuation strategy so that you and I can make a profit that I want no part of. Then he offered me a 15% commission. WOW!

I politely declined his offer. My blog post was written last night and this morning he called. It was my 2nd call from an Active Rain post. Someone read what I wrote and responded. That's good. That's very good. ACTIVE RAIN does work, but not always in ways we anticipate.