this is a HUD property that I have that over 137 people
cut.. um I for got exactly what I was talking about
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.
And I already know that I can flip this house to a buyer on my buyers list cause I strong
buyers list in this area
hey guys john cochran here and today is system Saturday the day that I bring you
a system that I use my business
you can rip off duplicate using your own local market now if you dig this system saturday
you haven't seen anything yet gotta get one or a live event
was nothing but 2 full days of system Saturday content we can meet me and my
team
wanes all your questions and leave with a blueprint or nothing but success
so on today's session what I'm going to do is I'm going I'm sending them to a
house on sending into a HUD house
that I own and I'm gonna show you how we bought this property
how a 137 other people bid on this property
and then why hud gave it to me rather than no 137 people
okay it's a system that we have to trick
kind in the public in their computer to giving us more acceptance is so here's
exactly how we do it
the numbers on the property was it was listed
as a HUD home for $88,000 listen don't hunt for 88 grant
okay now the bid amount that I got this property that I accepted for was $63,360
do the math on it that a 72%
of Hud list price now I also mention that there was a 137
more people that bid on this property other than me
why did Hud give it to me here's the mentality that most people have
and the 137 bid on this they didn't know
those 137 people did not know they were bidding against a computer
for what they're doing is that they've been on this property probably a little
lower that what I did
or maybe where I did okay and then what they were doing as they were all waiting
on HUD to
lower the price from 88,000 probably down to
75,000 somewhere around there okay that's what they're waiting on and then
they would submit another bid on it that is the biggest no no and why
our strategy works like crazy to get acceptances
so check it 137 people bid on it
$88,000 now what HUD will do is that
when they are a countering your offers
they will counter everybody these offers now they were not interested in either
counter now what
HUD would rather do is take it eighty eight thousand dollar purchase price and
they will always accept always always
always accept any 80% of of
list price of list price eighty percent
of list price now what the public is doing there's a ahh!
wait I am not buying that property for 88 percent of of list price I'm just gonna wait to reduce it
what they don't know is that again they're bidding against a computer
and that that computer will take that 88%
overtime why you keep bidding on that property they're gonna
they're gonna now counting you at 82%
78% and then eventually 72%
with the public don't know that because they're not keeping a bidding on this
property there are continually bidding on this property
so that's how I got is property acceptted who loves continuing bidding on it
and I was constantly bidding in 72 HUD computer accepted it
and then we went through and I we got in we gotta we end up getting sold so
so on this property we've already bought this property
we already fund this property and we have already flipped
this property as of last thursday or this Thursday I guess I just say
and we made a lot of money on this deal and that's how we got an acceptance
so
guys I'm out subscribe this channel comment on the video below
and I'll see you soon.