The sellers were rookie investors who had bitten off more than they could chew. They purchased the investment property in Boise, Idaho, thinking it would be the key to financial freedom. Unfortunately, it became a money pit and drained their financial resources, time, and energy. They quickly realized they had cash flow problems, and were in over their heads.
Our local property expert at Fair Property Buyers understood the pressure of the mounting expenses that the sellers were faced with, and the stress of their cash flow problem. He worked with the sellers to help get them out from underneath the problems they were facing. Because we have our own funding strategies at Fair Property Buyers, it made it easier for us to buy this bad investment property for $310,000. We were able to get through a smooth transaction and put cash in the sellers’ hands quickly.