Well, as I may say, "If you can fix it, then you can flip it".
Two and a half years ago, I was driving around and there was this property in Alexandria, Virginia that was not maintained. It had overgrown grass and junk around the exterior of the house.
I stepped out of my car and went over and I met this lovely older couple from Japan. They lived in the United States for about 45 years and they were in their mid 80’s and I found out that they’ve had that home for a very long time.
I asked them,
“Would you consider selling your house?”
They said,
“Yes! We would consider selling because we would want to move back to our homeland - Japan, for retirement.”
I identified the three criteria that I seek for a real estate investment opportunity. They are,
Distress
Motivation
A long time of ownership
Based on the conversation we had, they showed their motivation & intent, they also mentioned that they weren’t so concerned with selling it at a discount nor deal with any of the improvements or maintenance needed to be made because they wanted it to be an easy sale, possibly within 7 days.
So, What did we do?
We were able to make the deal with them, improvements were made at around $45,000, acquired the property, helped that couple to achieve what they wanted and we also were able to get a discount on the acquisition.
Now, these kinds of deals do not happen often, it’s kinda like a needle in a haystack. However, If you’re a person interested in investing in Real Estate, I can help you, just give me a call 703-346-2776 or send me an email at Dan@greetingsvirginia.com we also have a website that can help you out: https://www.greetingsvirginia.com/
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