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How to buy a house NOT for sale?

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Money Talk > Real Estate

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ken-do-nim
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I don't see any reason not to approach the owner(s) directly. The worst they can do is say no.
Post Mon Nov 14, 2016 8:18 pm
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oldguy
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When you meet with the owner ask what they would like, what their plans are. Eg, what year would they prefer to book the sale ( taxes). And would they like to protect the tenant. Would they like to carry a loan (ongoing income for them (up to 30y). In a negotiation, it's give and take, not simply "here's the cash".
Post Tue Nov 15, 2016 4:56 pm
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oldguy
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Also, with my rental houses, I made sure that they were at least 1/2 mile away. You don't want your tenant to watch you every time you start your car mow your grass. Nor does he want you watching his every move.

The first rule of landlording - never rent to an acquaintance, a friend, a coworker, and never ever to a relative, you want an arms length formal agreement with a STRANGER.
Post Tue Nov 15, 2016 5:27 pm
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Dixie
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Great Question.
What you are asking is not at all unusual. In fact this is exactly what real estate investors (like myself) do , for a living.

We buy properties "not for sale" and sell them again after some sort of upgrade.
There are several ways to approach this. For us, we either send the homeowners a mailer telling them we are interested in buying their house, and leave a way to reach us on that mailer.

The better way (for an investor) is put your site out there targeting cities you would like to buy houses in, and let them find you and opt in for conversion.
This was our latest home purchase in Groton CT.

Either way the most important thing to take note of, is do your due diligence on that house.

But we think what you want to do is the best way to buy a house as you deal with the homeowner directly.
Post Sat Dec 10, 2016 3:14 pm
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RohanAgarwal
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Make sure there are real buyers
Often, real-estate agents will look for expired listings and reach out to their owners in an effort to drum up some business for themselves. It’s a way they accumulate properties to sell.
Post Sat Feb 18, 2017 9:50 am
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sahanarai
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As few people mentioned above you need to move via business entities. Check an Experienced Real Estate Professional or nearby real estate brokerage. They will give you an idea to move it softly and successfully. All the best.
Post Thu Feb 23, 2017 1:50 pm
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anirudh
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If you have any idea regarding the property you can opt for the new home loan.

https://www.mymoneykarma.com/[/url]
Post Thu Aug 31, 2017 7:27 am
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