joshril

Michael, I have an update on this since the PM I sent you.

Just to clarify, this is a homeowner lead for anyone that is interested in working it.. I would have thought more of you doing out of state stuff would have jumped on this. Could be a nice deal!

I have a homeowner that has a beautiful home in SE NM. This is probably going to be a vacation/second home for someone, but the seller is motivated. I was unable to find a t/b, but the homeowner is willing to be even more flexible on his terms. I'm currently very busy and just want someone that can get this wrapped up quickly for the homeowner. Please only PM me if you have experience with higher end properties ($5k-$6k per month payment on this one) Thanks!

I have a homeowner that has a nice house in NM and I have not been able to find a t/b for the home. It's a fairly expensive home (monthly would be $5,000-$6,000), but the homeowner is very motivated. If anyone has experience working with more expensive/vacation home/second home type properties, please PM me. Thanks!

I'm about to create a spreadsheet to keep track of my prospective T/B's and sellers for that matter... If anyone already has one that works for them and don't mind sharing, I would appreciate it very much!

This may be asking for too much, but is anyone willing share their marketing methods to T/B? I'm working remote deals, so keep that in mind. Craigslist is a given, but what's the approach. Posting in the FSBO and FRBO? Using Postlets.com? Generic? Replying to people that are asking for housing wanted? Any feedback is appreciated.

It's always the new guys being asked for references. And that's probably because you sound new when talking with the homeowner. Get a deal or two under your belt and your confidence and approach will reflect you know what the heck you're talking about.You can use some of Jonathan's ideas, or you can be upfront and tell the homeowner you're fairly new at this, while at the same time convincing him he will be a happy homeowner when all is said and done. Oh, and for the wiseguys that ask me for a complete background check, credit report, SSN, etc. Not a chance. I'll give them the name and number of homeowners I have done business with, but that's it. If they need more than that, they're letting me know early on they are going to be a pain in the ass to work with. Don't need the aggravation. I'm already married with children. This was one of the first sellers I spoke with last week... I'm sure I botched the presentation over the phone. I have quite a bit working, so it's not a big deal if he decides not to go with me. I'll just lay it out like MC suggests and if he says sure... great... if not... no biggie. Also in agreement that there are too many motivated people to work with to be giving out SS#, DL, etc.

Well, the intention would be on deals that aren't under contract yet and future deals. I am receiving a very good response from sellers in the area and plan to continue my efforts. I am somewhat familiar with the area myself, as I used to live in the TX panhandle.

As a result of some offline marketing efforts, I have picked up some good deals (and have some working) in NM. I have been doing the hybrid method where I've agreed to split the option money with the seller, but if there is anyone working these things in NM that might be interested in working with me, I'd rather split the money with someone on here...

Do you guys give a receipt for the option money collected?

As you all know, I'm new at this... I have a great deal pending with a seller ready to go pending references and background on my company... Not sure how to field this. I guess I just move on to the next one. I have run into this a few times... any advice?

Having one's email account terminated on the accusation that you're a spammer isn't entirely paranoid. If Craigslist threatens to blacklist everybody served by your provider, they'll gladly sacrifice you. I was tempted to apologize, but I figured that would be interpreted as more spam, so I just deleted the email. So far this is the only threat I've received. The seller's real beef isn't that I'm dishonest, but that I violated their assumptions. Their self-righteous indignance is amusing to behold. Just use gmail, hotmail, yahoo, etc. if you are that worried about being banned. It would probably take multiple complaints for Craigslist to ban you. No worries man... I got reported to the FBI an no one has raided my house... yet...

Net listings are not what we do: http://www.ourbroker.com/?p=1446 This is a good explanation

Ok... I have gotten 5 Short Offers signed and sent back to me this week... I have begun to market for T/B's... When do I have the seller's sign the formal lease and option agreements? One I have a T/B lined up or right away? Thanks!

This may be why the Oregon person forwarded my stuff to the Feds... http://www.katu.com/news/specialreports/15092771.html Stories like this make legitimate people look suspect because they are coming up with creative ideas...

You should reply: "Only nice people get to heaven" CC: GOD Or how about this: "Were you referring to my real estate scam or my child pornography ring?" Now that is good! The funny thing is... I got an out-of-office reply from the FBI Office when I replied back to go ahead and report me to the Feds...

I have seen the posts about the difference between lease purchases and lease options. I understand in the real world, the buyer could walk either way, but my question is weather the title of the Lease Purchase Advantage flyer should be changed since I'm only doing lease options. Not questioning anyone here, just trying to CYA against lawsuit... Thanks!

Thank you for the quick reply. Your house sounds like it may be just what we are looking for. Please let me explain: My company specializes in Lease Purchasing. This technique has proven to be quite advantageous for homeowners. Done correctly, you can receive an above market price for your home in less time than it would take you to sell it traditionally. We are not Realtors and charge no commissions of any kind. In fact, our service to you is free! We'll even arrange to have the tenant/buyers pay all closing costs, too! The bottom line is that you will net many thousands of dollars more when you sell your property using the Lease Purchase Advantage. Presently, and as is often the case, we have more tenant/buyers than we do properties to offer them. Your property seems to fit our needs quite well. I have attached a flyer with some additional information to further explain about the Lease Purchase Advantage. Please feel free to contact me with your questions. Or please pass along your contact information to me, along with a good time to call and I will contact you. Thank you for your interest. It's the second email that MC had pointed out the other day with the LPA attached.

This is the most recent email I received today... From: xxxxxxxxxxx [mailto:xxxxxxxxx@xxxxxx.com] Sent: Thursday, March 12, 2009 1:19 PM To: xxxxxxxxxxxxx Cc: xxxxxxxxxxxx@ic.fbi.gov Subject: RE: $19900 / 2br - Nicely Updated Affordable Home in Senior MHP - Owner Financing What you claim to be doing is exactly what a local businessman was doing, up until the FBI arrested him. I am sure they will be interested in looking into your company as well. Looks they copied it to the Portland FBI office as well... I replied to ALL.. That's fine... not doin anything illegal! Have a great day!

That is true... but this deal is about 1200 miles away from me... not sure how to play this one at this point. It's a solid deal and the seller is motivated and SUPER flexible on everything!

I agree with that!! I have talked to tons of people that want and need my help just this week...

Ok, this is an excerpt from a response I received to MC's 2nd email. How do I respond without hanging myself or coming off as doing real estate without a license? this sounds too good to be true. There is so little information or clarification on your website that it seems suspect to me. Perhaps if you are legitimate, you can lay out your proposal, etc., in an email. If I think it feels right, we could talk on the phone at a later time. What's in it for you if you charge nothing and it's free for me? Are you fronting money to the buyers to help them get in to a place without a bank? Where does your money come from? A mortgage company? A bank? How long have you been in business? Where are you located? We own this house outright and are not desperate for money by any means. It's just that I want to move to another area to be closer to family and my co-owner (we are tenants-in-common) lives in another state.

I didn't think a PA needed to be signed until the T/B exercises their option... I would think that investor would be out of the picture at that point on a CA. Am I incorrect or missing something here?

One last PPL question... will they advise on state specifics when it comes to docs? Thanks again! Yes, they will be in your state. PPL is not the lawyer, they work with lawyer's in your state specifically. What if you are working in multiple states? Do they have a plan for that?

The seller claims this realtor is not very nice either...