The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jason W who wrote (46)	7/1/2001 9:36:24 PM
From: MechanicalMethod	Read Replies (1) of 306849

Jason, One of my real estate investment teachers was quite savvy. I remember once he was late coming back from lunch because he was out looking at a sailboat. That afternoon he spoke about how disastrous it is to want something really bad and described how he never made on the spot offers. He always wrote lowball offers and always mailed them. His method was to write 1 offer every day and and buy 1 house each month. It wasn't about target properties, just distressed sellers and numbers. It took 30 offers to find 1 distressed seller. Someone who will throw a beer bottle through the window later in the evening on the day his offer arrived and then pull the crumbled up offer out of the trash to sign it. Regards, MM

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