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Went to a Seminar |
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EDITH,
Hello my name is Bill Waddell and I'm a young man looking to investing in real estate but my problem is I don't have any capital. I went to a seminar last week and I heard the term tying up property and I believe it can be done.
My question is how can I tie up a residential property for sale, obtain the right to assign at a set purchase price, then sell the property to a buyer for a profit with out ever obtaining a loan or taking deed to a property? Can this really be done? |
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Trust me, you can't do it. No amateur can. I have to doubt whether one hopeful in ten thousand could. Did those hotshots at the seminar ever explain why someone would sell to you for less than the place is worth on the open market? Never mind not really selling to you at all? Only an idiot of a homeowner would enter into such an arrangement, and my feeling is that it would take you many years before you could ever pull off a deal like that. Never mind how easy they make it sounds, and don't pay hundreds of dollars for whatever course they're offering to sell you. |
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Edith
Originally published on September 17, 2007 |
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