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bbrunelleb

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Posts posted by bbrunelleb


  1. Nice Bill! and that is how it should work.

     

    Ok, the way I see it there are (3) ways to do this...

     

    1. Assignment & Fee up front and your out.

     

    2. Release Agreement and you go to close and collect fee (Jonathan).

     

    3. Assign up front and have the seller pay fee after close.

     

    I think all of these have their pros and cons.

     

     

    Just Picked up another 90 day option. This time a little closer to home and a workable selling price (235k). I have a list of 8 or 9 looking in this price range. Maybe I'll get lucky and wont have to market at all. Its a 4/2 that was all redone by a contractor, roof and all. Its a good deal for somebody. All the sub-prime loan people are trying to get out of the fix there in. Well, like Dino used to say "keep them cards and letters comin"

    Bill


  2. Steve, in all the pure options I did I included my fee in the advertised price, that way there are no surprises for the buyer. If you're springing the assignment fee on them at the house I'm not surprised it's causing problems, I know if I was a buyer I would be very wary of someone telling me: "Oh by the way I don't actually own this place but I'll give you this piece of paper that gives you the right to buy it for $10,000 cash."

     

    Just treat it the same way you handle a CA. You don't have any trouble getting the money from the buyer in that case, do you?

     

    Steve,

     

    Doug is right on the money with his advice, by padding his purchase price to the end RETAIL buyer!

     

    However, the ONLY way it will work without a hitch when assigning a contract for a referral fee is when you assign it to an an ACTUAL INVESTOR. They understand what they are and how they quantify to their bottom line -- A GOOD DEAL! Meaning, they will be more than willing to pay you a $5,0000, $10,000 (or whatever fee you think it's worth) assignment fee ESPECIALLY if they KNOW that they are getting the property WAY BELOW MARKET VALUE!

     

    A typical RETAIL buyer, will usually say, NO WAY MAN!

     

    They just don't understand it! They think that you're either ripping them off or that you're a con artist!

     

    Just some food for thought!

     

    Hi All,

    I just signed a straight option for 90 days with a bloke from England. Its a brandnew condo building next to Disneyland. Its going for 485k. The way I'm doing it is if, and thats a big if, I can find a buyer, he will pay me 2500 (a months rent). I will assign the option back to him for 2500 and I'm done.

     

    I sent out a bunch of emails and am getting a lot of responses. I really dont like doing condos but this one was so easy. He's an invester himself and knew right away what I was talking about. We faxed the contract back and forth. It took a total of 3 hours. Like MC says, Its a no brainer deal.

    Bill :D


  3. Hi All,

    I recieved an email from this man in Miami telling me he wants to L/O his 3/2 home. It is out of my area so I thought I would post his email here in case anyone would want to pursue it.

     

    Saw your ad. Please call. I have a 3/2 in Miami that is about 90% upgraded. My intent is to lease with option to buy, but if you can assist I would be interested in your terms.

     

    Harold Dillard

    863-868-5075 (home)

    863-398-2712 (cell)

    Bill


  4. Hi Steve,

    Sounds like a good setup you have. I have just setup a private phone voicemail that I am going to use. I will build up a buyers list, only for rent to own's. I will advertise telling them to let me know what kind of house they are looking for and where. They can leave it on the voicemail and I will have a list (I hope). I figure it doesn't hurt to try!

    Bill


  5. Hi All,

    Your consulting idea sounds good to me. I've been thinking about it for awhile now. If I decide to go ahead and try, what do you think this would sound like:

     

    Need To Sell Your Home?

     

    I will show you how to Lease/Purchase your home and receive your Full Asking Price (In your pocket)!!

    You will put more dollars in your pocket and not a realtors

     

    I will consult with you, one on one and explain the process step by step, so you will be able to sell your home. You will receive the following........

     

    1. Documents you need that are state approved

    2. I'll show you how to calculate your numbers

    3. Refer a Mortgage Broker that will pre-qualify your buyer

    4. How to find comparable prices of your type of home

    5. Where to look to find the value of your home

    6. Show you how to advertise for a buyer at no cost to you

     

    Bill


  6. Hello Jeremy, and welcome to the board! Thank you for the birthday wishes. And I want to state publicly that despite my being born two days prior to Halloween, I do not resemble the banjo playing kid from Deliverance. :wacko:

    Hi Mike,

    Happy Birthday!! Correct me if I'm wrong, but didn't you have a birthday last year?

     

    Bill :blink:


  7. Hi All,

    I need some ideas on what to do with an offer I recieved from some people that have a home in Melbourne, Fl. They moved to Georgia and dont want to keep paying two mortgages.

    The home is appraised at 535k as of last Jan. I can get an option to buy at 390k. Should I just get a pure option on it and offer it up to another investor for an assignment fee?

    Comparable sales are in the ballpark in the area.

    Bill :angry:

     

     

    Wow, now that's a nice spread...be sure to let us know how the deal unfolds, sounds exciting!

     

    Thanks Mike and Jonathan,

     

    I appreciate the feedback. She will go with a pure option. I will let you know how it all works out.

     

    Bill


  8. Hi All,

    I need some ideas on what to do with an offer I recieved from some people that have a home in Melbourne, Fl. They moved to Georgia and dont want to keep paying two mortgages.

    The home is appraised at 535k as of last Jan. I can get an option to buy at 390k. Should I just get a pure option on it and offer it up to another investor for an assignment fee?

    Comparable sales are in the ballpark in the area.

    Bill :angry:


  9. Hi All,

    I just got a call from Texas from an investor that is looking to sell a house she owns in Orlando. I told her I would ask around to see if I could find anyone that is interested. It sounds like she would do a good deal to another investor. Anyway, Anyone thats interested, I will gladly email them her address in Texas and the address of the property here in Orlando. I also have her phone number in Texas. Let me know!

     

    Bill :angry:

    Hi Eddie,

    I'm sorry but she already got rid of it. Dont know what kind of deal she made but its gone down the road.

    Bill B)


  10. Thanks a lot everyone. I really appreciate it. She's still in critical condition and on life support, but is stabilizing. The doctors are keeping her on life support to allow her body to concentrate on healing itself, and for the fear that she'd go into shock if she woke up. All of her organs are working well, which was one of our major concerns. I didn't hear anything else today, so I'm taking no news as good news. I know deep down she's going to be ok.

     

    Kinda makes you think about all the people that you care about and when was the last time you told them so, ya know?

    Real sorry to hear about your aunt, Brian. Im praying for her to get through it all.

     

    Bill


  11. Nice site. Thank you, Bill. I wonder how long it's been around, and what their plan is for expansion to covering other metro areas?

    I dont know how long but it looks like a good site. I've been going nuts trying to get a rent average from RentClicks.com. It helps a lot but I'm hoping this site will get around to doing Florida soon.

     

    Bill


  12. Hi RobP,

    You are totally right. Its the way I've been doing it since day one. When the buyer sees you doing it all for him it makes it a hell of a lot easier to work with him. I guess at my age I'm looking for a lot of shortcuts.

    Bill


  13. About credit reports, I was just thinking that I might do the following:

     

    Instead of the hassle of me going thru the hassle of collecting an application fee from the T/B, couldn't I tell them to get there own credit check printout as long as they are free now. Its just a thought, what do you all think?


  14. Just thought this might draw a laugh....

    Vinny and Sal are out in the woods hunting when suddenly

    Sal grabs his chest and falls to the ground. He doesn't seem

    to be breathing and his eyes are rolled back in his head.

     

    Vinny whips out his cell phone and calls 911. He gasps to the

    operator, "I think Sal is dead! What should I do?"

     

    The operator, in a calm soothing voice says, "Just take it easy

    and follow my instructions. First, let's make sure he's dead."

     

    There is a silence..... and then a shot is heard.

     

    Vinny's voice comes back on the line, "Okay..... now what?"

     

     

    Bill


  15. Hi All,

    I just got a call from Texas from an investor that is looking to sell a house she owns in Orlando. I told her I would ask around to see if I could find anyone that is interested. It sounds like she would do a good deal to another investor. Anyway, Anyone thats interested, I will gladly email them her address in Texas and the address of the property here in Orlando. I also have her phone number in Texas. Let me know!

     

    Bill :mellow:


  16. I've seen this site mentioned here before. I paid a quick visit and it seems friendly enough. I haven't digged around it much, but I'm wondering what the catch is. I mean, someone must be getting paid something for assisting in the sale of these properties. Otherwise, as the site owner, what's in it for them?

    My sentiments exactly. I know that all my years on this planet I've learned that Nothing is FREE!>


  17. Bill, I'm not sure if the seller is willing to carry a second of 20%, or if he will finance the property if the buyer puts down 20%. Can you clarify? Maybe I'm the one with the senior moment? :ninja:

    Mike, I think what I mean is that the seller will take back financing of 20%, which would be the down payment. Hes a builder and has 3 or 4 more houses he will give me if I can get this one sold for him.

    Heres the answer to my email that I sent to him....

     

    [ Yes, I would agree to a lease to buy program.Your buyer could also benefit from my owner 20% financing.

    Please let me know.

    Florian

     

    Yep!, Thats his first name

     

    Ok, Thats what I'll do. Find out exactly what he means. Whatever he means, I will get the deal one way or the other. As usual, I appreciate all your help. I'm meeting him tommorrow and will keep you posted.

    Bill


  18. Bill, I'm not sure if the seller is willing to carry a second of 20%, or if he will finance the property if the buyer puts down 20%. Can you clarify? Maybe I'm the one with the senior moment? :ninja:

    Mike, I think what I mean is that the seller will take back financing of 20%, which would be the down payment. Hes a builder and has 3 or 4 more houses he will give me if I can get this one sold for him.

    Heres the answer to my email that I sent to him....

     

    [ Yes, I would agree to a lease to buy program.Your buyer could also benefit from my owner 20% financing.

    Please let me know.

    Florian

     

    Yep!, Thats his first name

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