baron14

Hi MichaelC I'm located in the Maryland rural area. The response has not been good here, so I have marketed in other states and areas. I mention to homesellers....full asking price, great monthly rent payment and day-to-day maintenance taken care of by T/B. Seems like a WIN for the homeseller. Evidently something is not clear to them because a confused mind is afraid or says NO. Should I say something like, "I'm" going to L/P their house for my inventory of properties to later offer my T/Bs (subject the homeowners's approval) looking for houses in their area ?? This is a similiar message I sent the homeseller: --------------------------------------------------------------------------------------------------------------------------------- I specialize in lease purchasing helping homeowners to sell their home for full price. . . . I have prospective buyers that may be interested in homes in your area. Currently, I have more prospective tenant/buyers, than available properties to offer them for sale with a lease purchase. Is it okay, if I refer my tenant/buyers to you? I’m not a Realtor and charge no commissions or fees to you. .... List Lease Purchase Benefits -------------------------------------------------------------------------------------------------------------------------------- Thanks Baron

Actually I do 350 email contacts a week for CA deals and I've been working at this for the last two months. I heard this is a numbers game and I just wanted to see what others were doing. The 1st email gets some response, but after the 2nd email and they hear that I have "my prospective tenant/buyers" they want no part of it and run for the hills! They seem to want to hear that "I will buy or rent-to-buy" their house and no assignments or other parties involved. I don't see how to do a CA deal without letting the seller know upfront there will be other parties involved. (when the end T/B comes to view/inspect their house) Thanks. Baron

Contrats on the CA Hybrid deals Dion! Hey, I've contacted many sellers (about 350) but no deal yet. I used the 2 step approach. Email 1.) "....would you consider selling on rent-to-own?" 2.) - Give Brief explanation of LP - I'm looking for properties for my prospective tenan/buyers that I can offer them for sale on L/P. - I include the Lease Purchase Benefits After the 1st email a few have said they would be open to a rent-to-own deal. But after the 2nd email, some said it's a scam and some said I did not tell them the truth, some said no thanks, and the others did not respond. How do you get the sellers or "for rent ads" interested enough to do a deal? It seems to me, the few that said they were open to rent-to-own, want me to be the tenant/buyer, but when I mention that I have my prospective tenant/buyers that will be the end-buyer, all bets are off! Have you experienced this? Or do you have to contact a while lot more in order to get deal? Thanks!! Baron

Thanks Adam and to All !!

Re: Uniform Electronic Transaction Act of 1999 So if you complete the agreement/contract in a word doc and type in your name on the signature and send the doc via email, it is a legal binding agreement/contract, right?? I want to be clear on this. The way I understand it the UETA makes agreements/contracts via email valid and legally binding, if bought sides respond and accept the terms of the agreement. Thanks! baron14

Hi, When dealing with Sellers and Buyers that are out of the area: 1. I was wondering, if just sending an email agreement/contract offer to Sellers and Buyers with a typed signature on the signature line, a legally binding agreement/contract? 2. How would one sign a doc electronically? 3. Or is it better just to sign the hardcopy and send it in the postal mail? Thanks baron14

Hey D-Lee Would something like this work ok? Can't you have both the Buyer and Seller sign a non-circumvent agreement. Have both parties sign not to engage in a transaction (without you being in the deal) for 1 yr., where you brought a Buyer through your efforts to the Seller. If they do, have some sort of penalty fee such as $3,500 to be paid by the Seller to you. Or tell the Seller they can cancel, but there is a cancellaltion fee such as $3,500 for your marketing/consulting efforts. baron14

Hey Doug, How are you? I was wondering, with the assignment/note, do you put some sort of memo of option at the court house to cloud the option or hold the option in escrow for the T/B untill all payments have been paid in full to you? Otherwise, how would you collect your payments if the T/B stop paying you monthly payments on the note? Thanks, baron

Hey, I was wondering if I send the signed Assignment Contract to the local title company where the T/B is located, could the title company hold the contract until the title company receives the certified funds from the T/B, for me? Thanks, baron

Hello, Happy New Year To All!! I have a couple of questions. 1.) If the CA deal is out of area, what is the best way to collect the CA assignment fee from the T/B? 2.) A Realtor contacted me and said the owner would be interested in L/O. How would I do the CA deal with a Realtor involved? How would they get paid? Thanks baron May This Year Be Filled with Happiness, Peace and Propersity for All!!

Question: Trying to get a clear vision on this. If one did not want to confuse the end-buyers when seeing the same property advertised with two different purchase prices, what if: Other than bumping up the purchase price when advertising, to include your profit, would it make sense to: Advertise the monthly payment and maybe the term of the lease but NOT the purchase price. When the end-buyers asked about the purchase price, then tell them it depends upon the amount they have down for option consideration. Get them to mention how much they have down first before you tell them the purchase price. If they have $3k down then the purchase price would be $103k or if they had $5k down, then the purchase price would be $105k, assuming there were no rent credits. (If there were rent credits, say $3k for the term, then the total purchase price would be $108k). Then write up a L/O contract with T/B for $105k and collect the $5k for option consideration (non-refundable and goes towards purchase price). Assign contract back to Seller. Seller would net $100k as they wanted. Thanks!

Confused... The way I understand it there are 3 main ways to do a CA?? What's the best and easiest way to do this? Seeem like there may be problems if buyers see tw different prices for the same house on the market. Thanks!! A. 1. L/O ( You and Seller) ex. $100k 2. Advertise at $103k 3. Find T/B, collect assignment fee, ex. $3k, sign assignment agreement to T/B 4. Assignment fee does not go towards purchase price if T/B buys?? B. 1. Flex Option (You and Seller) ex. $100k 2. Advertise at $100k, find T/B 3. Write up L/O contracts (You and Seller) 4. Assign to T/B after you collect $3k assgnment fee...does not go towards purchase price?? C. 1. Flex Option (You and Seller) ex. $103k, seller wants to net $100k 2. You and Seller both advertise at $103k, find T/B 3. Write up L/O contracts (You and T/B) 4. Assign to back to Seller after you collect $3k option consideration fee from T/B. 5. Option consideration fee non-refundable and goes towards purchase price??

"Sorry for the late response! The way I do it is really simple. If a seller wants an option price of $100,000 and $1,000/mo in rent for a house, I advertise it for $100,000 & $1,000/mo. The seller understands that I will collect the option consideration (whatever it is - within reason of course) and they will get the first month's rent. When I find a tenant-buyer that the seller approves, I sign the lease option contract with the tenant-buyer, and then assign the lease option contract back to the seller. I collect the option consideration and the seller gets the first month's rent." ------------------------------------------------------------------------------------------------------ So you contract with seller for $100k and advertise for T/B for $100k? The option consideration fee is non-refundable and goes towards purchase price if T/B buys, right? So if T/B buys, then Seller will get $97k, and not their $100k they wanted, right? -------------------------------------------------------------------------------------------------------------------