randian

Sorry. I was referring to the assignment fee received by you.

Not really. Have you had to lower what you charge for CAs? Have you been unable to move some of your houses?

Are they a lot less motivated these days, or of lower quality? Retail buyers are certainly a lot less motivated than they used to be.

A common phrase uttered to sellers by L/O investors. If you're using MC's paperwork or similar the option consideration you get from the buyer of a CA is subtracted from the seller's price. While that's not cash out of pocket for them it isn't "no charge" as most people would see it. It makes you look dishonest, which is death in any business deal. You never get sellers who see the Assignment of Agreements and balk when they see that?

So you are getting rent credits from the seller, but only on CAs? How, then, are you avoiding the "confusing issue" and "dealbreaker" problems you mention above?

Depends on your state. In Florida, it is not illegal to pay such a fee. It is, however, illegal to accept it, meaning that the homeowner, not you, is practicing brokerage without a license. The question is, who is going to report you?

If you're using Michael's "CA Assignment" your services are "no money out of pocket", not "no cost", seeing as how the assignment fee you received will be deducted from their gross proceeds if the T/B consummates the purchase. They're still going to net a lot more with you than if they sold conventionally, but sellers frequently fail to grasp the big picture.

In the manual, Michael says he doesn't get rent credits from the seller. He also says he offers lots of rent credit to his buyers because it generates lots of interest from buyers (which presumably makes it more likely you'll find a high quality buyer), and that buyers seem to prefer rent credits to an equal amount of discount. If you're doing assignments (cooperative or otherwise) these are at cross purposes. If you didn't get rent credit from the seller, you can't give it to your assignee, so you've limited the appeal of your deal and its marketability. Is rent credit just not necessary when marketing assignment deals?

How are we defining "pricey"? A median-priced home in Miami-FtL is ~300. A working class one goes for ~225k. A $300k home is definitely a "nice home in a better neighborhood", but is it pricey for our purposes?

So what to choose? Adam or Doug? Doug gets it done in one question, but is that turning off sellers who might otherwise say yes with a softer approach, or is he smartly saving a couple of minutes of his life on every call?

"Success" isn't the first thing I think of when I read those questions.

That's not what their ads say. Their radio ads hammer home "now is a great time to buy, there is lots of choice, everything's great".

What's that, why would I want one, and where would I buy it?

Are you saying I should be asking my T/B prospects whether or not they have a house to sell? Or is there some other buyer pool you're referring to?

Do you have any idea why your deal signup rate dropped so much? That's a terrible change! About how many numbers do you have to call in order to get 100 live sellers?

In a post on some forum somewhere (not sure if it was this one), you said you got one signed deal (mostly CAs, IIRC) from every 25-30 "completed calls". What exactly are those? Only live calls with the homeowner on the first ring, or does that include callbacks from messages left on machines? How many additional messages do you leave after the first when you don't get a live call with the owner first time up? Out of every 100 calls, how many will end up in live conversation with the seller? Of those, how many result in face to face meetings? Of those, how many become signed deals? You were also saying that you could do 20-25 calls an hour, which implies a signed deal every couple of hours of calling, assuming you have enough numbers to call (once you get good at selling lease purchase). If one can drop their fear of cold calling, surely it isn't that easy?