mldcorp99

M.C. are you referring to the purchase price. Maybe I can start offering starting at the lower end of the comps(249k). He is fixed with his monthly payments of $1250 per month. What would you specifically do different in this case. Anyway, thanks in advance for the great feedback. I greatly appreciated it.

I spoke to the owner/builder today about doing a L/O on a 3br/ 2ba brand new condo unit for sale. He stated he needed at least $1250k rent per month. Market rents are coming in at $1150 to $1600 of props (condo,apts,SFH) located in that area(Seattle). The owner told me we had to agree on the sale price. He seem flexible on the option consideration. Comps are 249k to 274k in that area. I'm thinking of proposing a sale price of no more than 249k with option consideration of $1k....up the rent to 1500 per month(250/mo rent credits). Then assign to tenant buyer within 30 days for a $5k or more. I heard condo do not appreciate at same rate as SFH. I'm wondering if there is anything else I need to consider when dealing with condos. Any feedback is highly appreciated. Thanks in advance for the help.

Thanks for the feedback. I was thinking that we will concentrate on CA to T/B for the time being. I was reading some of the past postings yesterday and I need to clear something up that I a little confuse on. usually I browse the craigslist for FRBO for L/O prospects and I see an ad with let say for rent $1k deposit, 1st and last month rent. How would you convince the owner that L/O will spell out new rent amnt. and terms although the owner still want a deposit. How do you guys usually approach that? Oh and working as far as doing the hybrid version of consultant is there a standard contract form the owner have to sign for us to do that? Thanks for the help........great site..

I'm in the process of investing in Washington State. I used to live there for 20 years I know the King county and Pierce county area pretty well. I am trying to do lease option there although I'm in Am. Samoa. I have somebody up there that I will be working together with. My question is I have started a list of Tenants Buyers and already have FRBO emailing me back expressing interest for a possible Rent to Own(L/O) deal. What is the best way of doing this I don't want the owner to be turned off by dealing with a long distance person although I will be the one doing the negotiating through email and over the phone. Please any feedback is appreciated.

As far as getting market rents, I always browse the craigslist for apts/homes for rent in a certain area to gauge how much people are asking to rent a 2bedrm, 3bedrm, etc. and then subtract maybe a $100 or so from the proposed average rent to get to Market Rent. If anybody has any feedback let me know.

I was just wondering whether the real estate ads in craigslist aren't junk for the most part. I guess what are pros and cons of using craigslist for marketing and do you usually get good results. have somebody place an ad in there and what kind of result did he/she get. Thanks in advance for the feedback.