Wow, just what I've been waiting for. A gal calls me up (from my forelcosure letter) that has two houses , a 3 plex, and a four plex.
She lives out of state and two of the four properties are in foreclosure. I don't exactly understand her thinking, but she's selling these properties to investors only. My buddies are confused that she doesn't put them on the market w/ a realtor because these are in some of the hottest neighborhoods in town.
Obviously, she doesn't realize this. She has power of attorney and has done a poor job managing these.
Her asking price is approx. 80% market value. This is exciting, I've put in an offer on the 3 plex and am waiting for an answer. If I get that one, I'll try for one more.
Crossing my fingers that I don't get out bid by another investor. We'll see what shakes out..