Gary (MO)

Coolstuff~ The divorce proceedings should give 'clear' title concerning the wife, once the divorce is complete. If he's lost his job and his wife and he's 3 months behind in his payments then he's probably not interested in staying in the house and some 'moving money' might be what he's after - say $500? You don't mention (or perhaps I missed it....) what kind of shape the house is in; are there lots of repairs needed? Another question to ask is if there are any liens or other mortgages on the place. Happy hunting! Gary

Hey, does anyone remember....? Was it Gene or Pete or perhaps someone else that had the doorhanger thing going on awhile back? What I'd really like to know is how effective the campaign turned out for them? Additionally, if it worked well, what exactly did they use as far as wording. I've got a kid in college with some spare time in KC - and I'm thinking I could put her to work. I'm also wondering if this would replace flyers in neighborhoods? (Or even if it really matters which one you use?) Gary

Option8 - How did you find these sub2's?

Advice taken. Its on my list. Just having lost my job and being wiped out by my ex...has taken a big toll on me. I figured I would absorb all I need from the group and then buy the manual. I will get it VERY SOON. The hardest part for me, I feel is going to be to understand whats what. I am not worried about marketing and selling, I feel very confident that with my background I can get this going. The hardest part for me is learning meanings and usages for contracts. MC's manual I know will help with this... Ok is a lease option and sandwich lease the same? Thanks..Sooner or later I wont sound like a rooster trying to be a lion. Akin <{POST_SNAPBACK}> Yes Akin - essentially in concept a lease option and a "sandwich lease" are the same. A lease with an option to purchase (and the right to sub-lease being assumed) is the same as a sandwich lease where you lease the property from the seller and sub-lease to a tenant buyer with the intent for the T/B to purchase the property in 12 to 24 months. Usually you receive 3-5% of the purchase price (your selling price) as a non-refundable option fee at the onset of the lease between you and your T/B. You should have 3 profit centers: (1) The difference between what you have to pay the seller and what you collect from your T/B to get into the deal. (2) The difference in the monthly payment spread between what you have to pay your seller and what you collect from your buyer. and (3) The difference in price that you are buying the property from the seller and what you are selling the property to your T/B. Hope this helps Akin! Gary

This question is primarily for Option8 but anyone's input is sure welcome. Like many of you, I'm in a situation where I have very little time past what I spend on my "day job" to use for marketing and creative rei. AFter going through the "man I'm frustrated about this" phase, I've decided to do something about it. For me to have any type of consistant marketing I've decided I need to have systems put into place that simply run themselves - and bring me leads - without any further significant time requirement on my part. With that being thought and said, I remember Option 8 saying something along those same lines; she had implemented systems that seemed at the time to be working for her. Things like a web site that generated leads, newspaper ads, a network, etc... My first question (to everyone as well as Option8): What's working for you that requires precious little of your time? Are you still pleased with the web site? How's about your newspaper ad? Someone was using door-hangers and flyers too I think..... My next question - what else is working for you that I could "turn it on and leave it alone"? I heard Adam mention in a post this week that he doesn't run ads anymore....what's up with that Adam? What's working for you? Thanks in advance everyone!!! Gary

I've noticed that the next challenge with the email replies is to determine their motivation. The ones I've talked to are simply "fishing" for potential buyers. One guy had a $749k lake house in KC. Ultimately he's "not in any hurry and if I sell it I plan on traveling for 6 months to a year..."

Hi Akin ~ Hey, if I were you, I'd quit messing with the 'unknown' in the contracts and simply get Michael's course. It's only $97. Period. With that you get his comprehensive Manual on Lease Options which includes everything you'd want to know on the subject along with all of the contracts you would need to do this business - safely and effectively. (Hard copy AND in Word format) If you're serious about investing, it just doesn't get any better than that. Oh yeah...you won't find Michael 'touting' (or even suggesting for that matter...) that anyone buy his course. 'Nuff said. Gary

Sure sorry to hear it but at least you know now - instead of later. Hang in there Mike! Gary

So....Mike....hows about a consultation fee (say 50% of the option fee?) Better than nothing?

I dunno Mike - that's coming out of pocket with quite a bit...along with splitting your option money 50/50....? Are you sure this guy's motivated enough? Gary

Michael are you thinking a 'general shift' or a mere burp in the strong 5 year sellers market?

You know...when i was a kid we grew up with the old saying "Poor folks have poor ways". I always had interpreted that to mean that their ways were poor because they were poor. I realize now that it's the other way around!

Welcome JC! Make sure you get the email contracts in Word format! (They will NOT include Michael's lasagne recipe though )

I like the way you think Michael! Call him Doug...CALL him!!!!! :ph34r:

Hey Bev...I just had a thought....reading this thread. Could it be that Jason (AL) is Michael's alter ego? Oh....wait.....another thought.....what if it's the other way around?

GOOD JOB Tony! Where'd you find this deal? Hey....I'm thinking back on some of your other posts....you're having a pretty good year!!! Good job! Gary

Marching forward?

Thanks Kimberly!

Jason, can't you change the bitmap format to jpeg or gif in a program like PhotoShop and PaintPro?

Adam, It looks like they didnt allow you to? Gary

Hey Doug....are you doing the credit app thing at the open house Sunday?

Hey Jason, I'm glad to hear you're ok too - I was starting to get a little concerned. Is the honeymoon rumor true?

Thanks for asking Doug, and you're right - I've not done much recently. The last couple of months of my life have been very hectic. I'm not out of the game though - just 'slowed'. I'm trying to free up time to devote more attention and focus to this business. On another note...have you talked to Jason (AL) or heard from him?

WAY Cool Doug! And to think, 6 weeks ago you were telling us how it "couldn't be done" in your neck of the woods!

So Doug....you took his word for the appraisal price? Have the comps changed since your earlier post? Got more info...?