mark

In regards to them hiring an agent. I usually say great ,then your willing to take off 6 or 7% off the price you mentioned to me. The only reason i do this is becouse I dont want them to forget the high cost of hiring an agent. Plus I also mention at that time that i frequently borrow the brokers/agents commission to provide for the down payment. And that i would rather give them full asking price with nothing down then see them give there money away. Just thought id mention it.

Dont mean to rain on your party.Just wanted to say get it in writing.if you dont have it in writing you dont have it. Best of luck.

Yes it is a different building. The 295 is there part of the rent for 1 apartment. But there responsible for repairs and the rent on both apt's. And for this and $1000.00 down they have the right to purchase the building at a set price in 1 to 2 years. Sorry for the missunderstanding,summer. Thanks Tony for the advice on the ad.

The reason the ad is so simple that it cost alot per line. I do agree yor ad sounds better. And since i placed my question here ive recieved a couple good calls. Wish me luck. PS:I just placed anouther ad for my duplex that say's: RENT TO OWN Own your own duplex! Down payment&295/month 740-968-1507 What do you think? This ad is simple also, but im hoping it works. If it does'nt i'll place a bigger ad when i have more money.

I'm trying to l/o my 4 unit bldg and ive recieved nothing but b.s calls even one that called collect(or i should say tryed). I feel like im giving it away. Ive told them im willing to sub lease it or assign for $3000.00. and they would get a 250 amonth cash flow. the property appraises at about $85.000 completely rented with leased tenents. 2 that have been there for 14 years. the property has a 250 a month possative cash flow.with a 2 years left on the balloon. Ive had it for 1. my ad reads like this; LANDCONTRACT 4 unit apartment bldg n island LOW DOWN, EASY TERMS. I"M telling you all this so i can recieve some informed assistance. Should i put in my ad,option amount? And becouse of the fact that they'll be collecting rent,If they decide not to purchase the property down the road how can i protect myself from them collecting the rent then taking off to make up for there loss on the option $? PS:the reason my ad say's landcontract is becouse the terminology is well known here.

I've been dealing with a lot of attorney's and they always want to write up there own contract and if i say no i want to use mine they tell there friend/client i wouldnt sign it if i was you. Then i loose the deal. So the attorney can act like he nows what he's talking about and charge the client more money. Im thinking that for now on,I'm gonna tell them that im gonna have my attorney look at there attorney's contract then have my attorney right up there own contract (using the language from mine). then if there attorney complains about the new contract im gonna tell the client (in front of the attorney) a L/O is a verry simple contract and there attorney like all attorneys are in the buissness of complacating thing to a point of complete confusion. And that if they (not there attorney) can explain this(verses mine )very confusing contract that i will sign it.YA,right. Sorry, venting Does any one have a less confrintational way of handeling this?

I have a few properties and im looking to get away from living off the cash flow. My plan is to sub-lease, use the option $ and put away the cash flow,mabeye a good idea, mabeye not.

I really like your logo,TPSG. It looks very professional. My logo is a gold lions head (Golden lion properties),but yours seem of such higher Quality. mabeye I'll check with the company you've been referring to and give them a shot. Lord nows it cant hurt. I'd post it here but as you might have seen from my other post in a different area i cant even figure out the signature(ha,ha).

In ground pools give you very little if any equity. Above ground pools give you ZERO equity and need to be written up with a separate bill of sale like stoves and such because its personal property. Either way, even with a no fault agreement if a child dies in the pool (look out)! Dont mess with pools.

1. find a duplex on a l/o rent out 1/2. live in 1/2 make sure tenants rent covers most of your 1/2. (NOW YOUR WORKING AND INVESTING). 2.Find a house with a l/o zero down. Now sub lease it for 2-3 thousand down,with a monthly cash flow,even if its small. (now your working and your a property investors with $ in your pocket. This is how i got started no $ no credit 3000 miles from home and with every one saying i couldn't do it. Now i have several buildings and a family member as one of MY tenants. You can do it,i dont care what anyone says the hardest part is making the first offer. Just grab a paper and start calling (DONT GIVE UP!) You have the complete support of every one on this site. Your not alone every time you make try to make a deal at first come back to this site and run the deal past us we'll help with out all the negative stuff. Your a winner now lets show your family just how much.

If the title company "missed" the recorded option,there at falt and hopefully the new buyer had title insurance. They could sue the title company. and because of the recorded option even if the house is sold the new owner is obligated to sell it to you, for your pre determined price. No different then buying a building with a tenant with a lease, you as the new owner are stuck with the terms of the lease.

Here's what I do. I place an ad 3-4 lines in the paper for 1 week $34.00 then track the responce. 3 calls=$11.33 per responce, then I start testing my ad by first changing the head line then the details of the ad. each test i run for 1 week and keep track of the responce of each ad when you get an ad set up that is giving you a responce that you are pleased with, stick with it. Now i increase the size of the ad from a script ad to a 1/2 inch display if that works well i move it up to a 1',as long as my responce is pleasing for the cost of the ad. Also when i have an ad thats working I run it in different sections of the paper comparing it to my ad in other locations. And last but not least I negotiate a deal with the paper,when they have un sold space in there paper they sell it to me for 20 cent on the dollar better for them to get something then nothing and i get a cheap ad and a new place to test. Always test your ads in print, bandit signs, flyers any type of forum you choose to use. PS. I have found that flyers only work for me (and very well.) when im selling not buying. Hope you get something from this.

If the rent is 300 tell them its actually 400 but you give a 100 dollar discount when rent is on time. If not, you get an extra 100, plus late fee and you are made aware that the tenant has big financial problems, if the fear of paying an extra 100 isn't enough to keep from being late.Then i recommend if they go past the fifth, EVICT, don't mess around.

Im looking for investors or hard money lenders to assist me on purchasing and selling mostly on l/o and some traditional purchases. let me know if you have a site we can keep in regular contact with each other or # and i can let you know about my current properties and ones I'm working on. #(740)968-1507 Ohio , Always looking for hard money partners or such. Also willing to be a scout for a fee (I love to negotiate with sellers.) mark.