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Buying houses that don't sell in a slow market

Hi,

This is my first blog so forgive me if I don't do it well. I am very open to constructive criticism on how to do better. Constructive, people. Not negative.

Who am I? My name is Jeffrey Richman and I am from the West Palm Beach, FL. I moved to the South Charlotte, NC area last year with my wife and 3 kids. On another Blog I'll tell why I left Sunny, South Florida.

My specialty among other things is working with sellers who cannot sell their home through traditional methods such as FSBO and listing with a Realtor. Let's face it, the market sucks for a lot of people and many just can't qualify to get a loan.

I can buy someone's house by taking over their loan "Subject To" the existing mortgage. Hopefully, they have some equity that makes it worthwhile, however, that is not always the case. I can help stop their monthly bleeding and give debt relief and piece of mind.

If you would like to know more, contact me or wait and I will put much more detail in my next blog. I'll probably do a series of creative ways to buy a home.

I do teach this at a monthly get together that's free.

Information on who I am and what I do is available at www.WeBuyNC.com and www.QueenCityBizWiz.com

Posted by Jeffrey Richman on 06/26/2008 09:03 PM

Comments (10)

real estate, north carolina, creative, property, buying, selling, learning, finance, financing, listing

This post has been included in North Carolina Information

10 Comments on Buying houses that don't sell in a slow market

Jeff -

Welcome to the Active Rain community!

Sub-to's are a good way to pick up property for a good price, and help the seller out at the same time.

How do you contact the lender for permission to do this, if this is not permitted in the note?

Call or drop in anytime!

DEAN & DEAN'S TEAM CHICAGO

06/26/2008 09:11 PM

by Dean Moss - Dean's Team Chicago Real Estate Team (Dean's Team - Keller Williams Fox Realty)

Welcome Jeffrey....you did just fine. I believe any property at the right price will go up sooner or later. They are not making any more...but more people keep being born...it is inevitable.

06/26/2008 09:15 PM

by Team DiMuria, Katy Texas Realtors (Prudential Gary Greene Realtors)

Jeff- I used to live in WPB, then in Palm Beach Gardens. Now I live back in my native upstate NY. Did you do the same thing in FL? Were you responsible for all those "We Buy Ugly Houses" billboards? I think it's a great concept. It can truely help people who have no where else to turn. I'm fairly new to ActiveRain as well, I just started blogging a couple weeks ago. Welcome, I look forward to hearing more.

06/26/2008 09:16 PM

by Becky Cook Ulster County, NY- New Paltz, Highland, Marlboro, NY Real Estate (EXIT Realty Services- New Paltz, NY)

Great job with your first blog! Keep reading others and you will find ways to make yours great.

06/26/2008 09:17 PM

by Chuck Carstensen (Re/max Associates Plus/The Discovery Coach)

Jeff,

Welcome to ActiveRain...a plaace to call home amongst your fellow Realtor's. I have to say, you'll enjoy yourself. Since I've started January 2008 I have met some wonderful people on ActiveRain and throughout get together's via ActiveRain connections. Join various groups of interest to yourself, that is my only bit of advice...then ask for advice from everyone within that group. I'm still amazed at the wealth of information that is provided and I welcome it.

Best of luck!

Cheron Lange

06/26/2008 09:21 PM

by Michael Lange, e-Pro, GRI and Cheron Lange (John Hall and Associates)

Welcome. My only advise is to blog about business and ALWAYS be positive. Never rant or post about things which might be offensive.

06/26/2008 09:29 PM

by Adam Brett - Fullerton, California Realtor (RE/MAX NOC)

Jeff, welcome....you'll have a blast here. Nice first post brother.

06/26/2008 09:33 PM

by Larry Bettag - Cherry Creek Mortgage

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

06/29/2008 08:50 AM

by Peg Gilliland- Assoc. Broker, GRI, REALTOR® (RE/MAX Assured Properties)

First off, I'd like to say "Thank you". It's absolutely amazing the synergy and energy that this site gives. I'd also like to thank everyone for their kind words for my first blog.

I'd like to know if there is anything of particular interest to all out there regarding creative real estate. I am very knowledgeable about Subject To, Owner Financing, Rent to Own, Lease - Option, Land Trusts, Personal Property Trusts, Private Money, Negotiations (ok, I'm getting tired listing these things).

If you can help me so that I can write things that are interesting to most of you, that would be great.

Thanks for your input.

ps. Anyone know how to add more "tags"? This is all new to me and I'm having a hard time figuring this out.

07/01/2008 10:12 PM

Nice going, Jeff. Lots of comments on this post. I have a couple with good comments, but most get passed over. We'll get together and talk about getting more people to read our posts.

Thanks,
Greg Gardner
We Buy Houses
www.WeBuyHouses.ME

08/06/2008 06:18 PM

by Greg Gardner (WeBuyHouses.ME)

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