julesjim

Hey Everyone, What are your opinions on ads like these, I don't want to be deceitful in any way? Sell Your Home up to 20% MORE must be flexible Call Jim (555)555-5555 or, FULL PRICE For Your Home if you are flexible No Commissions, No Closing Costs Call Jim (555)555-5555 or, Sell Your Home for FULL PRICE At NO COST to you must be flexible Call Jim (555)-555-5555 or any other combination thereof. I figure when most people see 20% off in a store, they go for it. So, maybe they will do the same when they see 20% more for their home. My idea behind the full price thing is obvious, people want full price for their home. My thinking behind the 20% more thing is that they won't be paying a 6% commision or 3% closing or 3-5% on mortgage payments or have to reduce price 5% or accept offers for 5% less than asking. So it does add up. I included the flexible thing so that it won't look like a cash offer which usually gives 20% less anyway. I know that he who says a price first loses but that is why I said UP TO 20% so it doesn't have to be that, people know ahead of time that it may depend. I also figure that with the must be flexible statement in the ads, I can try to get rent credits and/or longer terms if there home seems a liittle on the expensive side in order to give them full price. Should I not include any kind of offer in an ad? Will I be shooting myself in the foot? Should I stop trying to "figure" soo much? Last but not least. Do these types of ads seem deceitful in any way, shape or form? Thank You All in advance for your opinions. Jim

Hello everyone, Simple question today. What should I do for L/S to contact me? Should I get an 800 voicemail number or even a local voicemail number? Or, should I get a cell phone that also has a voicemail? I really don't want people calling my home, seems unprofessional. Do sellers like to talk to a person right away, or is it okay to have a recorded message? Any other ideas would be much appreciated. Thank You, Jim

Hello everyone, This may sound kind of stupid, but here goes anyway. It seems that the more I read in all these forums and the more I learn, the more frightened I become. I am still dragging myself to push on but R.E. investing doesn't seem to be as easy and get-rich-quicky (new word) as the infomercial real estate "gurus" would have you think. I am looking forward to getting started in Lease/Purchasing because it seems like a business where you are helping all parties concerned and that's what I want to do, help people. But, at the same time, it seems like you are opening yourself up to a lot more risks (for example: due on sale clause) than just flipping or rehabbing. I am probably just stuck in what they call "analysis paralysis" and I should just forge ahead. So, basically, my question is this. Should I just kick myself in the @$$ and tell myself to just get going and take a few risks and it will work out for the best? Thanks, Jim

Hello again, Quick question this time. I want to place an ad to attract landlord/sellers in a newspaper. The only thing is the newspaper covers several states and has a circulation of at least 2,000,000. Should I put something in the ad that designates a certain area or should I leave it general and tell the sellers when they call whether I can do their area or not or, lastly, should I only advertise in a small area in smaller or independent newspapers with a lot less circulation, i.e. only one or a few towns/cities? Thank you again, Jim

Thank you Tony, Michael and Pilot76180. You have all been a huge help. Thank you MichaelC for inviting me here, I am learning alot. I am going to see a R.E. attorney on Friday and I should be up and running by next week. I also plan on doing some more reading on this subject as well. I am going to be ordering The Naked Investor manual because it seems to show you how to cover all the bases. I look forward to speeking again soon and hopefully I will have some great investing experiences to share by then. Thank you, Jim

Hello everyone, I have asked this question before and have done searches on this and other sites but still don't feel that I have the answer. What happens if the landlord/seller decides he wants to back out, say 11 months into a lease/purchase? What do I tell my tenant buyer? What do I do about the difference between the option deposit and rent credits I gave the landlord/seller and the option deposit and rent credits I have collected from the T/B that I have more than likely spent? Everyone says to just record the option but what will this do for me? What about the difference I have stated above that I would owe the T/B? Is this just a risk that I have to take? I know that this is probably more rare than I think it is, but I would like to know what to do in this situation. Plus, my wife won't let me get started until I can give her a straight answer and, so far, I haven't been able to. Sorry for the long post again and for the questions that have probably been answered before, but like I said, I have to answer to a higher power, my wife! Thanks again everyone, Jim P.S. Two more questions. 1. When the lease/option is up in a sandwich lease and the T/B is purchasing, do I have to perform a simultaneous closing or do I just sign over the contract to purchase? 2. When in a sandwich lease, I want the payments to go to a loan servicing co. or an escrow co. instead of the L/S. Do I collect the rent from the T/B and send the appropriate funds to the escrow or LSC, or do I have the T/B send all the rent to the escrow or LSC and let them distribute all the funds? Once again, thank you everyone and sorry for all the run-on sentences.