GetSmart

I used a voice blast system, it worked for motivated sellers but i probably could have gotten a better response had i or someone made the calls for me. I like the idea better calling t/b's.

what were you trying in your previous campaign?

good question, this something i would like to know as well.

the thing about going to the bar, they have enough of my money. now i trying to figure out how to throw a few parties so i can get my money back. too late, i already met the girl of my dreams. i am just kicking around a few ideas for different sites, so i can be in multiple places, all you have to do is set it up one time.

I have started a new webpage on ning. It doesn't look so hot right now, but i will be working on making it more appealing to users. You can find my page at http://charlottehousebuyers.ning.com . Let me know what you think. Just want to be in more places when people are searching for someone to buy their house fast.

how would he present this information without the agents feeling like they can go around him? that is the main part, i don't think he would want to create more competition being that this is all new to him.

doug your site looks really official now. i still haven't figured out how you are using a spreadsheet to create your forms page.

charlotte! which isn't what everyone thinks.

Michael, Thanks for the advice. I replied to his email with 20k cash and take over payments of 847.00 a month. If this thing is legit I am definitely using the title company for this. what part of nc are you in?

Makes perfect sense, plus that is a shame about Bobby. I might have to send JTR a copy of that link so he can take the current review down since after recent facts it is very misleading. I am betting he won't respond.

i didn't know google offers free websites. can you make a forms page that collects user information? like how much they want for their house, size, and things like that?

care to share where. well that didn't sound right. hehehe. what site is more secure than google, just asking because it might help people here as well as me.

I have been told that a non compete agreement might not hold up in court unless it is for a short term, usually no more than 24 months, because someone can invoke their rights to earn a living. You can only protect your methods if they are patented or affect your profits. The burden would be on you to prove how you have lost income as a result of your bird dog. I have one somewhere in my files, but choose not to use for the reasons stated here. Once i locate it, i will pm you for your email address.

Is anyone using google to store documents that they would normally store on their pc. The reason why i asked is because google has the same software or capabilities as microsoft, such as spreadsheets, word and various other wares that microsoft has. The good thing about google is as long as you have a google account you can access your documents on the fly from any computer around the world that has internet access. I think its a good idea. the only thing i don't like is that you will be required to pay extra if you go over the disk space they allow you to use.

I think the way around this is collecting two seperate fees. One that is refundable per the terms of your lease, but it would require more money down. Charge the first months rent. Then a maybe 1.5 months for a refundable deposit. And a option fee of 1.5 months of rent for an option fee. I don't think the option fee should apply towards the actual purchase. Plus you will probably need a seperate agreement addessing the rental credit issue, mainly saying its non-negotiable, non-transferable, non-cashable, non-redeemable. If your seperate agreement goes into details, i don't think there is a way to claim equity. I think that is why you need a seperate agreement. People use options all the time and as long as the option is valid and not exercised, i don't think it would be considered a sale. The poster where i got this thread from uses a right of first refusal. The way the right is worded is still considered an option. Just because someone uses a different name doesn't mean it is what they say it is. I think if you word a right of first refusal with the same language as an option, it would be determined an option. They use terms; the lessee may be able to purchase the property for a fair market value (which is setting a term, the price of fair market value). they don't give rental credits. Here is the thing that makes a right of first refusal different than a option. The right of first refusal gives the lessee the first opportunity to purchase the property should the lessor decide to sale, by adding the property will be sold at fair market value makes the right of refusal a disguised option. The right of refusal isn't promising the lessee that the lessor is going to sale, plus if the lessor does sale, the lessee will have to match any bonafide offers. The kicker is they refund the option deposit whether the lessee exercises their right to purchase or not. The way they do it is extremely complicated and more can be reviewed by Clicking here. That is why you use two seperate agreements, because a renter is not required to maintain a property but an optionee can be held liable due to the terms of the option. Note i am not an attorney, i don't give advice. I just give my opinion on selected topics. If you use anything i said as legal advice, its your fault because you shouldn't take advice from strangers in public settings, because you could be getting advice from a pre-teen. Here is something I found, and just wanted to some takes on this review Click Here.

Hey Mike if its not too much trouble can you give us cliff notes on what was discussed by Claude. I have one of his audio boot camp trainings in Las vegas somewhere, but it didn't go into these sort of details. I would have to look for the audios but something up-to-date would be swell.

would it be better to use a right of first refusal agreement to protect one from the due on sales violation or to help keep a tenant from claiming equitable interest? I have two open houses come up, but want to keep liability to a minimum. i also believe that an option agreement can be excused in court if the agreement becomes null and void. just want others opinions.

mc don't give me any ideas, i have a few that i would like to let have it.

i can't wait.

don't waste your money, i reviewed one of his courses where he claimed it would be 150 pages of pure content. When i ripped open the booklet, i was very disappointed to see a photocopy of one sided pages with fonts sized of around 48. Each page probably had 3-4 sentences. the audio he provided was completely useless since his $500 course was basically upselling his other courses. i think at the time i would have had to buy all three courses just to get a sample of what his mentoring was like. i think in his advertisements his hyped up three methods to get the phone ringing with motivated sellers within 20 minutes of pushing a button. basically wanting you to look up ads in the newspaper and send them a message, also place a we buy houses ad in the newspaper which we all know is a waste of money. he wanted you to place your ad in the paper and leave it there for at least 6 months. last method was to place bandit signs with the same we buy houses ad. then basically sale the houses the same way you contract them, newspaper ad, bandit signs, and send messages to previous buyers. there yu have it, one of his courses in a nut shell. i think he may have used the same amount of text but blew up the font. this is exactly how i felt when i opened the box. . it was a jaw dropping moment and with the feel of being duped.

thanks Mike and Rex. I feel a little better about the l/o now, I have had around 180 calls that came in about two homes i have under contract and i don't want to screw this thing up. I feel like this can be a great method of cashing smalller checks to increase residual income. Plus doing contracts the l/o way doesn't confuse the sellers or buyers and you don't need someone else to explain the deal. when i first started out i used l/o's but with a few states adopting new laws and just don't want to be a lab rat for those law changes here in NC.

Do you use a seperate agreement for the rental credits that you give to someone or do you add the credits to the lease or the option? I like the lease option method but i don't want some tenants to claim they have equity in a property when the credits are non transferable or non cashable or non negotiable. Or am i just over thinking this thing?

I was on another forum, where i was discussing a l/o and was slammed because they use trust to hold their equity. i don't want to say the forums name because they accused me of parading a gurus program that they see as a sure fire way to fail. they raised some good points and i want to bring those points here to see how these problems can be handled. ------------------------------------------------------------- Just an FYI regarding #4 on the list of No-Nos... this is based on an IRS Ruling from, get this, 1917. Since this has been ruled on in 1917, then how in the hell have all these damn Gurus been able to sell Lease Option Courses all these years without come kind of fraud charges being filed against them. If I sold a course and sent it to someone via the US Mail that told someone to violate the law, I would be sent to jail for Mail Fraud, wouldn't you think? Here's a few paragraphs from an article I posted to our local investor website. Lease Options as taught by the Self-Proclaimed Late Night Infomercial Gurus are not all they???re cracked up to be. With a Non-Refundable ???Option Deposit??? upfront and a portion of the rent payment (???Rent Credit???) applied to a future purchase price, it???s like a ticking Financial Time-Bomb just waiting to go off on unsuspecting Home Owners and Wannabe Real Estate Investors. How dangerous can a Lease-Option be? The City of Cincinnati has just passed an Anti-Predatory Lease Option Law and as of September of 2007 the State of Texas has outlawed Lease Options altogether. These Laws are based on Arizona Legislation that has been in place for years. According to Arizona Law, here are five things that violate the law or cause the court to classify the transaction as a sale. 1. Collection of more than 1.5 times the monthly rent as an Option Deposit. 2. Collection of an ???Option Deposit??? or ???Rent Credit??? to be credited to a Purchase or to Discount the Purchase, as in a Down Payment. 3. Pre-Determining a Discounted or end Purchase Price as in delaying or disguising a sale. 4. The Lessee also holding an Option on the same property in which they are leasing regardless if it is one document or two separate documents. 5. The Lessee being responsible for maintaining the property. Even the IRS has??determined that Lease Options are nothing but a ???Delayed??? or ???Disguised??? sale. "When a Lease Option is a masked land sales contract, the Tenant with a purchase Option becomes an owner of the property with equitable ownership in the property!???? [McClellan v Lewis, (1917) 35 CA64] A "masked land sales contract?" What is that? According to the IRS, a masked land sales contract occurs when,??"the Tenant??is in possession of the property and makes an ???Option Deposit???, refundable or not and the payments, which all or part apply against the purchase price, but has not yet received the deed." In other words, if it smells like a duck, walks like a duck... Notice??they did not talk about whether the Lease Agreement was separate from the Option Agreement or, if they were dated at different times or, even that they were offered by different parties. This determination, in my opinion has widespread and potentially disastrous consequences for any party involved in the Lease Option process, including Home Owners, Real Estate Agents, Mortgage Brokers, Attorneys or anyone else who suggests or constructs such scheme. This means, among other things, the financial, legal and tax problems of the Tenant, a person whose financial issues are already of a magnitude, in many cases, that prevent him from buying a house, could affect the title of the??home being Leased (Your Home);??since he is now considered an owner, according to the IRS.?? In other words, any of your Tenants financial problems are now Your Financial Problems. A claim against your Tenant in a Divorce, Bankruptcy or Judgment against your Tenant may be attached to your property as could any IRS liens.?? Now, while you may in fact covet his wife, you may not want her as your partner, when she inherits her share of your house upon his death or as a result of a divorce. Seriously, your house could be tied up in the divorce or probate of his estate for months, if not years. OK, you???re sure your prospective lessee has no IRS, legal or financial problems and is in good health, hmmmm? --------------------------------------------------- can someone clear this up, because it does make sense after i read this: http://www.enquirer.com/editions/2004/10/0...oc1council.html .

we put out signs any day of the week, because here in Charlotte as long as the signs are a certain of feet from the road we are ok. a tip i received from a code enforcement officier that made me take down my signs.

I am wondering about the option agreement with the lease. I have been informed that it is up to the judge to determine if a lease with a seperate option to purchase during eviction. My understanding is that the eviction in this sort of case sometimes may require the case to escalate to superior court. If that is so, is there some type of language that can be adding to the option, "this option agreement doesn't give the optionee right for occupacy. Also this option is based on the optionee obtaining and satisfying a lease term for no less than one year from this options date, at which time the optionee must obtain financing according to the terms of this agreement." Is this adage doing too much?