1) Text Strategy – MLS Failed Listing
2) Texed them on Wednesday, January 27, 2021 1:12 PM
Your agent failed to come through? Your House sat way too long and you didn’t get the price you wanted? WE PAY FULL PRICE! Do you have time to chat later? -Frank
Sure
ok ill call you shortly
hi i just called
Sorry maybe I have the wrong number..Is this your property 25963 W Graham Ct?
Yes it is
Here is more info on myself and the company www.lamcoinvestments.com/frank
3) Phone conversation started. To get prequalification questions
Purchase the house a few years ago as a VA loan, zero down
They tried to sell their house but it failed on 7-8-2020. Was on market for 159 days
They are in a negative equity situation. Property value is $160k and their mortgage is $179,982
Their mortgage payment is $1,140.00 PI & Insurance
Rent rates are around $1750 per month
Property needs zero work to be done.
Husband is being relocated for work. He is in the Navy and being relocated on orders to TX
They didn’t want to come out of pocket for realtor fees, closing fees and property taxes.
Total around $10,000
They sold the house to us, deeded the property with nothing more than closing costs and we will be cash
flowing before expenses $ 610
Why would a seller sell their house to us Subject To?
1) They are in a negative equity
2) They cannot afford all the fees associated with selling
3) They cannot afford all the remodeling costs
4) AS IS no inspections
5) Fixes your credit ASAP if they are behind we can pay them and reactivate the note
6) No maintenance or repairs in the future