DONTWANNER [don'twant'er]

Dontwanner (don't want ‘er) is a term we use to describe distressed properties-houses and other real estate that the owners don't want so much that that they're willing to do anything to get rid of it, including deeply discounting it. Real estate investors can score big profits on dontwanners by recycling what the owners consider burdensome trash into cash.
Every neighborhood has its share of these trash-to-cash opportunities, but finding them can be a bit challenging, especially if you don't know where to hunt for these hidden treasures. In Flipping Houses For Dummies, we show you how to focus on a neighborhood and then scour that neighborhood for properties with pure profit potential. Here, we give you a preview.
Cruising the Neighborhood for Dontwanners Drive, walk, or bicycle around your neighborhood in a search for dontwanners. Some of the best properties may not even be for sale, so look for the following signs and symptoms:

• Overstuffed mailbox.
• Porch littered with newspapers.
• Overgrown lawn.
• House looks vacant inside.
• Cheap For Sale or FSBO (For Sale By Owner) sign on the front lawn.

Digging through the MLS Listings and Classified Ads Check the Remarks section on MLS listings and classified ads in your local paper for the following clues that the property is a dontwanner:

• As Is
• Handyman's Special
• In Need of a Little TLC
• Must Sell
• Needs Work
• Fixer-Upper
• Relocating

Tip: When looking at classifieds, smaller ads trump larger ads. Large ads indicate that the owners are willing to invest more in marketing, meaning they expect a higher price.
Tracking Down Additional Leads Flipping through the classifieds and rummaging through the neighborhood are two excellent methods for discovering flip-able properties, but they're not the only ways. In Flipping Houses For Dummies, we also show you how to

• Pursue pre-foreclosure and foreclosure properties.
• Discover properties in probate.
• Spot deals left behind by a divorce.
• Find government-seized properties.

Buy It, Fix It, Sell It Finding a dontwanner is only the first step. To ensure a profit, you have to buy it for the right price and terms, renovate it fast and within budget, and then sell it for a profit. This real estate investment strategy, commonly referred to as flipping houses, requires substantial know-how and labor. If you're ready to make a rewarding commitment, however, flipping houses is a great way to begin building your future fortune in real estate.
Check out our brand new website, GetFlipping.com, for additional house flipping tips and tricks. You can even sign up for our free 31-day house-flipping course!

 

Ralph R. Roberts  GRI CRS
"Official Spokesperson of Guthy-Renker Home"
Author of Flipping Houses For DUMMIES
30521 Schoenherr
Warren, MI 48088

Office: 586-751-0000
Fax:   586-582-1694
Lois Maljak: 810-533-3448

ralphroberts@ralphroberts.com

http://www.realtytracker.com/  Guthy Renker Home
http://www.aboutralph.com/    Speaking/Coaching
http://www.ralphroberts.com/  Real Estate Site
http://www.kolleenroberts.com/  Tribute
http://www.flippingfrenzy.com/  Mortgage Fraud Site
http://www.bignail.com/    Branding
http://www.macombcountyvoice.com/  Community
http://www.getflipping.com/   Flipping Houses Site