and today is system Saturday..dud
whoooo..can you see that on camera
can you see that on camera is active
freeking dud. alright
ready you are killing me
I did everything
myself and here that is not how'd he do the business
and that right there is a house that I have already flipped as well
I already know that I can flip this house to a buyer on my buyers list coz I have a strong
buyers list in this area
hey guy's john cochran here and today is system Saturday the day that I bring you
a system that I used is my business
you can rip off duplicate using your only local market
and if you did this system saturday's you haven't seen anything you have to get into your
one of our live event we packing for two full days
I'm nothing but System Saturday content we can ask all the questions leave with
the blue print
had nothing but success so on today's session I'm here live
at as at a property here inglewood Ohio and I'm going to give you the
3 reasons on why buying price reduced properties from hot
is absolutely toxic okay now the number one reason is location
and I'm here I'm gonna get out I'm gonna show you one reason why
that the this property to just nothing but toxic
so location often plays
a roll and this so if you see here we're at this property
and locations horrible were about 20 feet away right here from
the the main street this is on Main Street in about 20 feet away from
this so
location is number one they typically always have something jacked up with
location
if you look their two houses down there's another property for sale
and then there's another one am for sale
you know on the other side the street three houses down those holder never
gonna sell this is this is a toxic toxic location
nothing will pick set to get this property not to sell
another reason why is days on market: number two in the days on market: is
always going to be long
now I want to explain you why the days on market is so long and why has had to
do
a price reduction now the way work to that is that
whenever you're bidding on the HUD for closure it's very simple
okay they're going to send you a lot a counter offers now
they will reduce the percentage is that they will take and those counteroffers before the
reduced the price
so they're going to reduce the percentage that they will take on the
counter offers
and if they get no takers on that then they're going to do a massive price
reduction
you have seen that here the public don't wanna
okay the public just simply does not want which takes me to number three
is they some typically have something jacked up in the house so
what I want to do it on a show you up stairs here this is a five-bedroom home
okay five bedroom home
this is actually pretty nice home but again locations bad
has long days on market: and you're typically going to find something really
weird
in these houses number one been carving
are nope where you live what we typically do not catch ca like that
the public does not want them were in a bedroom right here
technically this is a better however
because it happened the closet and what not however
you see here is another bedroom so
to get to one bedroom to the other there's not even and/or so there's
absolutely nothing you can do
to get the property sold these problems cannot be wholesale
and the best thing that I can tell you is to steer clear these things
and actually as a matter fact I just saw this
who in the world is one Havas both in them
in their bedroom who in the world have a stoner
there's unforeseen problems with these homes that
the problem just don't want you can wholesale this property
you cannot even rehab these properties to make money on because
re having all the way to the ninth does not fix location so
guys that's three toxic reasons that you just don't buy HUD foreclosures
I'll on next week's systems saturday