I had no idea they ever QUIT bombarding the consumer. Everytime I meet with a new buyer I ask them, "Do you watch late night TV? Any of those real estate gurus you like in particular?" I'm not kidding! We had a very eager, some would say, desperate, agent working with a buyer lookign for $1,000,000+ properties. She met with him, was blinded by the zeros and proceeded to take this guy out to many properties in this price point. He finally found one he really wanted! He called her and said meet me at my house. She drove across the county and the guy meets her at his property gate and says he's late for an appointment at work, hands her an envelope and says write an offer with the enclosed terms. The property was a gorgeous Victorian home in Petaluma, California listed for $1,100,000. The guy wants to write an offer for $450,000 with all owner financing and nothing down with a promissory note for deposit. Oh, he wants the note "un-secured"!!! She is no longer in the business. I'm not intimidated by big, long rows of zeros! We're also now seeing AITD's popping up with "Subject to" loan scenarios! But I agree with the reference to John Reed's newsletter. I subscribed to it years ago and frankly had forgotten all about it. Thanks! I'll check it out. He's a sharp, savvy investor. Good tip for our consumers and Realtors alike!
P.S.--Wha't a Robot?? And who gives a darn about thumbs up or down!!?? There's only ONE answer in my book.