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tara.lancaster

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About tara.lancaster

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  1. Hello, I'm looking for a course that provides live calls with sellers, buyers, and RE Agents. I came across an advertisement for Wendy Patton's Unlocking the Secrets of Lease Options Compete System, which states that she provides live calls in the course. Do any of you have the course and if so, did the live calls help you with your approach? I would appreciate your input. Thanks in advance
  2. About a week ago, I sent you info on a property that I'm pursuing. The owner contacted me this afternoon and wants to discuss a deal by phone in the morning. She's asking 101,500(the appraised value) for the house and hasn't been able to sale it and it's been on the market for months. She took out a second mortgage on the house. She currently owes 86,000 on the house and her payments are about 850 per month and the rents in the area are about the same as their payment now that they've refinanced. She stated that she really needs some type of cash out of it. How can I make this a win-win situation with a possible little or no-money down approach? Thanks in advance!
  3. Hello All, My name is Tara and I'm from Little Rock, AR. Do you all know of any professional mentors in my area or are there any professional mentors in this forum that will be willing to take me under their wings? I had a mentor, some of you may know him if you're members of Creonline. His name is Clair McManigal but he's been sick for many months now and I've continued to study RE, but I'm ready to act now that I've finished Engineering School. I appreciate any advice you'll have for me in advance. Thanks, and have a great day!
  4. My name is Tara. I've been reading many of your postings and it seems as if you're seasoned and good at what you do so I would like to get your opinion about something. I started trying to get my feet wet in real estate a little over a year ago and met my mentor, Clair McManigal, and learned many things from him, but he became ill some time ago and has been ordered by the doctor to rest. Here's the situation: I contacted a couple back in Jan about a house they had posted for sale for $101,500. I approached them about doing a lease option on the property and they contacted me and said they would do it for 18 months with $3,000 down and $825 per month. I think that's a little steep so I stepped away. Well here it is June and the home is still advertised for sale for the same price. I went to the county assessor's website and got the following information: The purchased the home for $85,000 in July 05. The assessor's appraisal on the home is $91,460. I believe the couple purchased another home and currently have two mortgage payments. I want to contact them again about doing a lease option on the property. How should I construct this deal? What I want to do if I get the property is put someone in the home and let them cash me out of find someone that will buy it from me sooner. Thanks in advance for your input.
  5. Good question. That has been playing over in my head all day long. I was also wondering if the tenant/buyer gives the investor $5,000 in option money then it's time to exercise their option to purchase, how will the tenant/buyer benefit if they will have to come up with a larger down payment in order to close the deal?
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