Elihu

Hello, everyone. I know signs have made everybody on here alot of money. But, are there any investors on this site who knows putting up signs is wrong, (if their area suggests that it is), and has decided out of good morality that they will not put up signs anymore? If so, please, I would like to talk with you on what other creative ways you have used in the past and present to market your business. Also, can you explain what really works and doesn't. Here is my situation: I am a novice investor who has networked his way up to building a business with a big player/investor in Jacksonville, Fl. He has agreed to become my mentor and teach me the business. He is very good at what he does in this business. However, he constantly tells me that signs are the lifeblood of the business, (bandit signs). He makes his biggest deals from them, so at the beginning I went on ahead and helped put out signs with him, but then found out that I was breaking the local ordinance in that city, and that it is illegal to put out signs without a permit. So, then I said I will try and get a permit, but the city doesn't issue permits for bandit signs. So, as time went on I kept putting them out knowing that it was illegal, and finally my conscience just wouldn't let me do it anymore. I told my coach that this is wrong and I can't do it anymore. He said he understands, and now he has given me the task of finding other ways to drum up leads. I put doorknockers out but, man, that is some hard work to put out a 1000 or more. But my conscience doesn't bother me any more because there is no ordinance against doing it that way. However, I'm not getting any calls from them. 1 maybe per 500. So, guys and gals, please share with me a way that I can prove to my coach that there are other better legal ways to get deals, than doing it illegally. Please share your answers. Sorry for the length, but I wanted everyone to know exactly where I'm coming from with this question. Thanks.

Thanks for responding to my post Steve,i understand what you are saying but so many investors are having the same thing on their slogan,buy showing a potential client that i will buy their house for full asking price,they may be more iclined to call me, because i may be providing a service that is viable to them,what does every homeowner want full asking price for their property.If they call the other ads in the paper its all about how i can get your property for less than what your asking for,so there is a strong possibility that they will separate the two and go with the one that caters more to what they are looking for.Just a thought

Michael how does this sound for attracting lo or ca deals "I BUY PROPERTIES FOR FULL ASKING PRICE IF YOUR FLEXIBLE ON THE TERMS" I AM GOING TO RUN THIS AD IN THE PAPER AN SEE WHAT TYPE OF RESPNSE I CAN GET

Michael did you have a chance to read my post after you commented?Thanks

Thanks Michael,I have been doing studying on real estate,and on leasepurchasing,I have the new carlton sheets course,I have completed the course and have gone over it again,I also have read some books on lease purchasing,one by bronchick,one called secrets of a millionare investor,and a lease2purchase book by Beubian,i read that 3 times,but the books i have read dont really go into detail about coop assignments,I feel i do have a beginning basic understanding of lease purchasing,and real estate in general,I just dont have any forms,like ones that protect me from a complaint of operating like a broker without a license,or that have good clauses in it to protect me,doing this type of deal has unique differences from standard re deals or lo deals,do you know of a book that is just for coop assignments how to use them,what to avoid,do u know where i can get these forms that has me as the principal.I have limited resources that is why i want to be able to master this art,so i can start building a financial cushion,so ican branch out and do other deals.I need to do this as efficiently as possible and with as little risk as possible,I guess you can say i'm working without a net until i build one financially.I just need more info to study on this type of transaction,so i'll be 100% ready when i step out into the market.Elihu

oK I Viewed your real deals and read all the posts from the search of coop assign,now i need a marketing straegy on how i would present myself to the seller and be able to tell him the benefits of my program,I dont have any forms to do the deal,How do i protect myself,thanks for your time Michael,i have a felling if i dont come up with a plan soon all my 23 potential tb,are going to look elsewhere.Please help!Elihu

thanks for responding what i mean its called a lease option coop agreement,in where you find a seller to lease option from,and then you find a tenant buyer to lease that property with and option to purchase,once that is done instead of me staying in the middle collecting the option deposit rent payments and then any back end profit,i assign my position back to the seller,so that they will receive the rent payments plus any cash flow,and then the back end profit,I would keep the option consideration money,as my profit for putting the deal together,thus getting out of the middle of the deal,does this make sense,I just need to know have you or anyone done this type of transaction,i need to know how to cover myself,what forms to use how to set up this type of transaction.I have a list of over 20 potential lo buyers,i just need to start finding homes to do this type of deal on.Thank you Elihu

Can anyone give me info on how to do this type of deal i have a list of potential buyers for lo"s now i need to know how to structure the deal with a seller.Thanks Elihu,(assigning lease option contract back to seller).