Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.2 9/5/84; site python.UUCP
Path: utzoo!watmath!clyde!burl!ulysses!gamma!epsilon!zeta!sabre!python!lji
From: lji@python.UUCP (L. Iacona)
Newsgroups: net.invest,net.consumers
Subject: Re: Re: Re: "No Money Down" (Other People's Money) Scam
Message-ID: <183@python.UUCP>
Date: Fri, 10-Jan-86 15:07:24 EST
Article-I.D.: python.183
Posted: Fri Jan 10 15:07:24 1986
Date-Received: Sat, 11-Jan-86 07:19:12 EST
References: <164@bubba.UUCP> <757@hou2g.UUCP>
Organization: Bell Communications Research, Red Bank, NJ
Lines: 28
Xref: watmath net.invest:1010 net.consumers:3819

> Granted I haven't thought about this too much (lazy,
> I guess), but could someone please enlighten me as
> to WHY someone with a $200,000 house would accept
> $150,000 for it?  Even if paid in cash?
> 
> 		"Uncle Dick, are any of the kids in your books named Mitch?"
> 
> 		"Uh, actually, most of my characters tend to be hand tools."
>           
> 			Scott J. Berry
> 			ihnp4!hou2g!scott


The idea is to find people so desperate (and in a great hurry),
that they will jump on an offer that is only
a portion of the property's value. 
150K for a 200K property may be an extreme,
but this could happen ..... DON'T  waste $295.00
on audio tapes from Ed Beckley,  Dave DelGatto or any of those other 
CLOWNS for an education.
A well written and FREE book at your local library 
called  ---  CASHLESS INVESTING IN REAL ESTATE 
		by Cummings
will answer any questions you may have on real estate transactions of this type.
You can decide whether it's BULL and whether it's for you or not for FREE!
	
						Louie