#Tom vu real estate packages how to

Many of these properties were over financed, and even if they weren’t, there was no desperate bank mandate to unload these non performing assets at all costs. I was laughed out of most negotiations…Ģ. Even with distressed properties, offering to buy a property that far below market value was a joke (I was trying 80%). Unlike the vast majority of seminar attendees, I actually tried for a long time to do this in my neck of the woods, British Columbia, Canada.

You walk away at closing with a hefty profit. Selling the place will be easy, since after all, you got it at a huge discount in the first place. In addition, you tack on a whole pile of whim-and-fancy clauses, such as “this deal is subject to the final inspection and approval of the buyer before closing.”ĭuring the time before closing, you find a buyer to assign your interest in the contract to. Your closing date is a couple of months hence. Then you offer ten bucks as a down payment to make the contract legal (“exchange of consideration”). In your offer, you write that the agreement is between the seller and you “or assigns”. The desperate owner would be happy to just get out of the property without ruining his credit, so he takes your offer happily. He claimed to never offer more than 50% of market value, but said it would depend on whether it was a buyer’s or a seller’s market how much your discounted offer would be. So you would go out looking for distressed properties, (foreclosures and such) and offer to buy these houses at incredible discounts. Vu’s main strategy was to “control,” rather than own, real estate. Here are some excerpts from a letter written by a seminar attendee: That’s is, you buy a house from a “motivated seller” at a below market price, and then find another buyer at a higher price for an easy profit. Vu’s tactics were very similar to the ones taught by Robert Allen. “Do you think these girls like me? No, they like my money!”Īfter some internet research, it appears that most of Mr.

#Tom vu real estate packages how to

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