Jonathan RexfordFL

Joesph, Its really a non issue. Reason being is that if someone wants a house they will buy. Sure everyone wants a deal but emotions over come that. Depending on the Exit side of the deal..(meaning how you are going to close) will determine what is said to the end buyer. Personally I do not like double closes....just too expensive. When you are working a 10-30% spread it can take a bite out of profit. I would rather send the deal back to the seller and get my fee at closing from canceling the option agreement....(Remember the memorandum you recorded...it needs to be released).

Steve, When an expired listing has or about to run out, there is alot of competition in the mail box. If you take a proactive approach such as door knocking or calling you will be miles ahead of alot of people. My door knockers that I have for doing preforeclosures also do these when I have a list in a certian zip code. Just a thought.

Just as another tool. I use www.realquest.com it is a first american product. It has other great features as I can with a few clicks develop a targeted mailing list and have it in post card form in 10 minutes or less. For comps it has been a good mainstream. I even prefer it over the MLS. HTH

The way I do it is pretty straight forward. Once I decide on what type of auction that I am going to have such as a down payment or retail auction I market on those efforts. You mentioned that you have a PURE OPTION. I guess you are looking to retail. I get the property ready for auction; Determine what the property needs and looks like. I order a property inspection, appraisal or comps if I cannot get an appraisal done. The house needs to be ready to show. Since I have a website and I can conduct the auction on my site I can on most occasions start the bidding early. But, in a nut shell I have the property ready for a auction in 14 days. I usually hold one open house so people can come and look and grab bidder packs and look over the inspection list. They write down there bid and when the open house is over that is when we work the phones. We start calling all bidders to work up the bids until we have one bidder left. The next day we meet the bidder to fill out contract. I coordinate with Mortgage Broker and Title Company and Seller and when all is over I collect a check. Now I am leaving a lot out. Marketing is the big key. You need to give the home the biggest exposure. Flyers, Direct Mail, Signs, Ads, Signs, etc. We use a 800# to give information about the home and of course they can see on website. But all in all if you did your job right you can get paid. ROUND ROBIN: I guess I left this part out a little. Basically you are going to call all bidders. Call Lowest one first. and say Hi this is Jonathan Rexford from the open house for auction today. I am calling everyone who left a bid on the property to let them know what the best offer is. Currently the best offer is $______________ I see that your offer is $_____________ What would you like me to increase your offer to?______________ There is a book called 5-day auction method....I am not a fan of the book. Good on concept. Their have been people that have had good success with the book. But, not I. From what I have looked at when my sales did not go through it seems to be 2 key factors. Not enough people who show up....Its all in marketing. People show up but know bids? House was not ready. It takes a team to put on an event like this. Doing the down payment auction is a little easier because you are offering terms. But it still needs to be ready to show. Hope this helps.

Auction. 14 day round robin auction. Use either websites or hold open house on a Weekend.

Golflover, Just to ad what Kim said....SIGNS. Also do you have a service like Realquest or dataquick? If you do you can do a Radius search around the home and mail a couple hundred Post cards announcing this Beauty.

Lawyers.....hmmmm new found respect....lol.

Michael had a good ad. Marketing for fixer properties on a Rent to own brings you to a smaller Tenant base. What I mean is finding one with skills. That is why when I do them we just do mostly cosmetic stuff. Like paint, carpet, landscaping. Plus a few other documents that go into the file.

Well being in the heart of the two storms. Prices and demands are HIGH. I am in the treasure coast area

MC, I am fasting caffine for 40 days. No coffee, or diet drinks. I like the new feature for the website.

I assume that you have MC course. There is an option to purchase agreement in the course. Paragraph 3 reflects that its NON REFUNDABLE.

Gary is on track here. Get the deed to the property is crucial. Now how are the financials for the property? I read that you have not seen the inside. Good luck here. Yes I have done more than a few.

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And its coming North. I am hearing stories like this each week.

Go with private money on the equity. Can you buy it sub2 the mortgage? Just a few ideas

I am in Indian River county.

Angel, I do a few more than the average bear. From a title stand point think which came first. The chicken or the egg. With the out of state trustee we always have the trust agreement dated the day or before the deed is dated. Thats why when the Grantor of the deed Grants to the Trustee (Grantee) their needs to be a valid trust.

Thats about right. There are a few other ways. The performance mortgage is good.

Here is a letter that I just thought up in the last 3 minutes....lol Lease Management Services P. O. Box 650099 Vero Beach, Florida 32965 Fat Cat Land Lord Beachfront road Island of No where 32988 RE: Management headaches According to the records of Clerk Court you own some property in this area. I am sure that you are either tired of property management or tired of paying nonsense fees to a property manager. If I can show you away to stop all the pain and headaches at know costs to you would you be open to a three minute conversation that could put more money in your pocket. We offer a NO COST management to your property. What we would like to propose is the opportunity to purchase it in a few years. In the mean time the only time you will hear from us is each month with a check or when we are ready to BUY the property. I don't know your current situation or even a reason why you are wanting to sell....but what I do know is if you could spare 3 minutes you and I will find out if we could or should do business. Sincerely Jonathan Rexford, Manager Lease Management Services

Don't know if you can get any of the information below but its a pretty good check list. Copy of Recorded Warranty Deed showing in what name title is currently vested. Details of Loan on the property (So that you may verify the loan status, MORTGAGE COMPANY NAME. ADDRESS, PHONE NUMBER,LOAN NUMBER, SELLERS SOCIAL SECURITY NUMBER, SELLERS BIRTH DATE, SELLER'S MAILING ADDRESS Any Plats or Surveys of the property Any tax records or bills showing the Parcel I.D. number so that you can verify property tax amounts and whether they are current Name of Insurance Company NAME AND TELEPHONE NUMBER OF AGENT COPY OF CURRENT INSURANCE POLICY BILL OR OTHER DOCUMENT SHOWING COST OF INSURANCE It’s sometimes helpful to review the closing statement from when they purchased to verify what they paid and when they purchased the property. ALWAYS CHECK TITLE WITH A TITLE AGENT.

I will throw in my 2 cents. I have the manual and for sure its NAKED. NO FLUFF. Basic concepts that will put money in your pocket. I looked at my shelf and I have a total of 15 courses of lease options..(its a fetish) I like to collect courses..lol. I read the manual a few times. I really enjoy the honesty that comes through the words thats written. Good training. Just remember that Lease OPtion deals are MADE not found. I am not a real fan on Buying on lease option but its a tool. A few years ago it seems that Subject too investing was the thing to do....still is but who wants someones 125% mortgage. lease Option investing was really popular in the mid 90's...I see it coming back. Jonathan Rexford Vero beach, Florida