GetSmart

put something like the "owner retains the right to market the property gives you the right to first refuse or match any bonafide offer, before the terms are met in this agreement".

seems fairly simply and something you can do without purchasing the entire course.

they chopped off the head and now placing it on a stake, i forget the name of that movie. was it "lord of the flies"?

you should call your county and see if they have the information on line. most publish everything you are requesting online.

if you have a few deals in the works, run your realtor past the deals you have completed and see if their comfort level is where you want them to be

just like the gurus tell you, "don't deal with realtors on creative deals, until you know the ropes". right now your skill set isn't where it should be to tell a realtor about l/o's.

i was wondering about that and maybe have the seller received a pre-cancelled release in case cover the terms in case the tenant defaults on the agreement.

the last two post make a lot of sense, so i think i may have come up with a simple solution. i am as well concerned for the tb although you can get a gut feeling about how a seller may treat the agreement at a particular time. the best thing probably would be to develop some sort of check list for the tb in a ca situation. example: check title (list some of the cheaper sources they can try if it is necessary) let them know about the time line of exercising their option a to do list to clean up their credit during the term of the lease a list of mortgage brokers that might be able to assist them in closing out the transaction a list of inspectors, home warranty co., a list of closing attorneys make sure the option has been notarized by both parties if you add those items to a check list for a tb then they should be ok or more prepared to defend themselves. if there is more add, please do because i am working on coming up with a smooth flowing check list for all l/o tbs.

i am glad to see those freebie classifieds are working for you. As for me they will only work if i post properties every 3 hours from morning to around 5 pm. they are free, but with all the time it takes to get the response is kind of costly for me. are your results close? i think i might have to get a poster in india to post for me a few times a day.

well Mike that is fantastic, but I have one question. how are you marketing these properties if you aren't even going to look at the property?

how many were motivated to accept your offer?

I would be interested as well.

if you spend any time talking to tire kickers i agree. i love the motivated sellers that understand a good once over and say where do i sign. they are becoming like the saber tooth tiger.

i had a seller contact me through my webpage and he filled in the form stating his property isn't listed with a realtor. i call him and says it is. try that for a bait and switch. he listened to the terms, but wants to run the deal through his realtor to see if it makes sense. i wanted to tell him that if gets any type of financial and legal advice from his agent he indirectly cause his agent to practice without the proper licenses. anyway, they want me to send over my option agreement to see if we can work out the deal. i will play around with it to see what happens, but the guy won't deal without his agent plus he is in foreclosure. its probably since he lives out of town. guess he's just not motivated.

its the tb's responsibility to get things in order. most of the time it doesn't matter what type of credit they have today. If they make timely payments for the next 12-24 months on the rent and all other bills, they will qualify for a mortgage, but the d-t-i will have to be in line as well. all you have to do is follow up with a letter along with the statement reminding them to pay all of their bills on time and the count down is on before they actually become a homeowner. and you can't wait to see them make that major change in their life. Do that and you won't have to worry about the tb tarnishing your credit. in fact if they don't qualify, they will know its their fault and tell everyone how you were so wonderful to work with. As for the seller, you should be telling them that you are subletting the property and in order for you to cash them out, your tb will have to secure a loan or the property must appreciate to a point where it will make sense for you to pay off their loan. disclose everything up front and you shouldn't have to worry about your reputation.

Yea, were in different parts of the world Doug. Im dealing with alot of crack head's and in my parts 1 out of every five people is HIV positive. Homeownership is a dream come true. you are dealing with the wrong clientele. people with those types of disabilities can't afford a home and if they are collecting a check they won't be able to buy a home. you need to deal with tb's that can actually cash you out or else you will be wasting your time. honestly do you really think a crack head can save up the money you need for a ca? you have to catch them before the cash that accident check.

Is educating what you really want to do to your realtor or do you want to show them the benefit of dealing with you that will bring you a windfall of deals? Ever heard the saying, "feed a man a fish and he will be hungry tomorrow or show him how to fish and see if he needs you anymore"?

what company is that?

the difference is you are contracting lease option the property, and you have a right to assign or sell your contract/interest you may have.

care to speak english or anglais?

you need a CL account for services, not for posting properties for sale.

Count me in for Carolina. The real Big Blue

Every thought about recording call with you talking to sellers with slim marginal deals? If so this might help Darin out some. I know you won't buy that line, but it might help me out as well. hehehe

I noticed that brokers are still posting as for sale by owners. They are held to a higher standard and still manage to break rules of the board and the sites they are posting on, still delivering spam. They are messing up my marketing to FSBO on that site so i decided to take proactive measures. I am sending this message out to brokers that pose as FSBO's: "You are spamming the site and violating the terms of CL and the board of commission, if you post one more listing in the wrong category, i will contact your broker and the commission to get a complaint against you. it is scums like you that are driving away serious prospects by spamming and making the site worthless." Can't wait to see if it works, and if they don't then i will be forced to complain because i refuse to let a few bad apples mess up a useful tool. They can still post as usual but they aren't following the rules. That is one of the reasons why we have the subprime crisis because of rogue licensed professionsl. Well thats my vent.

youre right Bev, i haven't been on the site in awhile. just make a little noise in a democratic society, and you get results.