Investors just care about one thing... make money at all means possible. They will do whatever it takes to save a few pennies even if they have to cut you out of the deal after you have done most of the work for them. Did you ever researched properties listed in an area for an investor just to find out he went around and bought one down the street that was not listed? Have you ever spent a day showing investment homes to find out your "motivated" investor just to find out that he went to the sheriff auction and bought a foreclosure not listed? Have you ever listed a distressed home just to get a call a day later from the owner who demands it off the market because he found a buyer who does not want to deal with an agent?  Don't you fell used, violated, ripped off? You often hear the investment gurus preaching about finding a "hungry" Realtor who will do whatever it takes. They want you to bust your behind, but won't hesitate to leave you out when they get what they want. The market is slow agents and sellers are stuggling and to make it worst there are these unethical people out there.

So it really satisfy me when I get the chance to give some payback to these people. Two months ago, I contacted a FSBO out of the local paper to list her home. She lives out of state and the tenant has not paid any rent since March. The tenant wouldn't move out and she has no way to come down here and evict her. I went and talk to the tenant who seemed willing to cooperate during the showings. So we listed it at market value, but when I went inside the house I realized that the house was a mess, nasty carpets, holes all over the walls, tiles ripped off on the bathtub, cracked floor tiles, broken windows, etc. Not much or difficult to fix, but not in condition for the average buyer. To make it worse, after my sign went up, the tenant piled up all types of junk around the property, and when I brought a buyer looking for a fixer upper , she would not let me show it. So I contacted the owner, told her about the situation, and send her pictures of the current condition of the house. We agree to lower the price for the pay off (25k below market value) so she could get rid of it quickly becuase she did not have the money to fix it and was having difficulties carrying the loan since the tenant was not paying. She was desperate!

I got a call from one of these  "motivated investors"  He wanted to see it, wanted all the details, and area market analysis. He seemed very motivated. We met, he took notes about the damages, and said he was going to go home, run some numbers, and then call me back.  He did not call, so call him a few days later and he said he wanted to wait. The same day, I got a call from the seller who said that an investor from here had contacted her and wanted her to keep the loan on her name but to sign the house over to him so he could fix it, rent it, and continue making the payments. She said that she wanted to do it because she was desperate, but she was affraid that this guy just wanted to sell the home for quick cash and leave her stuck with the mortgage. I told her that the decision was hers and that I undestood her situation and if she needed to do that I would take it off the market. I also told her that if she was considering that route, why not do it with me? I had the money to bring it back to standard and that I would immediately put it back on the market to sell it. I would cover the payments until it was sold. So we did, I evicted the tenant 2 weeks later, and now we are fixing up the house. Since I am going to price it below market value and it will be in good shape, I should be able to sell it and walk away with some of the equity.

I was at the store the other day and saw the "motivated investor" he asked me what happened with the house. I told him that since nobody bought it, I took over the payments and repairs to help the seller. He inmediately said that right after speaking with me that day, he had gone to the courthouse to locate the owner, and that he was had contacted her to take over the payments, but that she never called him back. Then he said that he had "spoken to God" about this house and that if he "had gotten it he was going to rent it to a needed family."  I told him "may be next time" and walked away.

 This guy lied, wasted my time, use me and now wants to make me feel bad because I took the opportunity for a  "divine good deed" from him away... YEAH RIGHT!