LonnieWA

That's something you could do on a sandwich lease option, but not really on a CA. On a SLO you can negotiate with the seller to have your payments start 2-3 months in the future, so if you find a t/b the first month, it's extra profit. I don't really see how/why a seller would agree to make a couple of payments out of pocket and let you keep the t/b's first 2 payments PLUS the option $. If you find a seller willing to do that, go for it! The reason being is that In my neck of the woods it is hard to find tenants with 5k in option money. About 3K is more likely and that is on a good day. You sing a co-op agreement with the seller and until you assign the agreement back to the seller you are in the middle just like you would be in a normal sandwich position. Remeber we are dealing with motivated sellers and if we have a sure solution to his problem why not ask for a couple of months. Just tell him that in order to make it worth your time, effort and expertise you need to make a decent income. You also can take one month instead of two and still make a good chunk of change. Lonnie Turner

How about having the seller pay the next two payments on the mortgage and you collect the payment from the tenant for pure profit. After that the tenants start paying the landlord directly and you are out of the deal completely with option money and the first two payment. I want to thank John for answering my questions this morning. You are awesome! Lonnie Turner

Just kidding I just wanted to get you guys attention. It has been a while since I have been in this forum and just started back in rei a couple of months ago and made a clean 6500 on a wholesale deal. I am ready to take my rei to the next level and become more consistent instead of one deal a year type of thing. My question is about the pure option concept. I understand the mechanics but kind of hesitant because of the exit strategy. How much do you guys discount the property to get a horde of buyers interested in your property? I figured if I am going to do this and sell these home for all cash I need to stand out and have a USP. I will do this by offering the property at a discount. But what is considered a good discount? Will 10K do it or maybe 15-20K. A ad like the ones below would be a great advantage in my market: Sacrifice Sale! Nice 200K home for 190K Make me an offer 253-???-???? Need To Sale Fast 200K home for 190K All cash- No agents please So my question is what type of discount you guys give to your buyers to move these houses fast as I am not interested in selling for fmv or 80/20 take backs. I like my deals fast, simple and clean. Any help would be appreciated.

Thanks Doug and other who responded. I have made the proper adjustments. I do not use a company for my letters. I use my printer in my home office. I will use the USPS srvice for the postcards. Thanks, Lonnie Turner

I'm just wondering what figures are you guys using to expense your direct mail pieces? .37 stamps .15 Envelopes & Paper .15 Toner It seems that this would be the only way to figure out if your direct mail campaigne is working. Any thoughts? LonnieWA

I use contact plus professional. I have been using it for years. Do a search for "contactplus". LonnieWA

Hi John and all other naked investors, I've read all your posts and have borrowed "How To sell your home in 5 days" and I stll have a few questions that needs to be answered. I hope you can help me with this. Your help is appreciated and I want to say thanks in advance. 1. Do you use the classified ads format that is in the 5 day sale book? Those ads are big and probably cost a small fortune in the big papers. 2. What percentage below fmv do you start the bids? If the percentage that you usually starts lower the price below the price you option the property from your seller for then what? 3. You said that Bill Effros has a concept but you made some changes. Can you tell me what changes you made and why you made them? 4. I think you said that you call the lowest bidder first. Why not call the higher bidder first? Thank you very much and happy investing! Lonnie Turner

Very nice concept. My skin is crwling with excitement! I have a couple of questions for you please: 1. Can you post a copy of your release of memorandum? 2. How do you explain what is going on to the seller once you find your buyer and you want the seller to accept your fee for the release? What do you say to the seller at this point? 3. Do you mention anything a bout the release or release fee and memorandum in the option agreement you have with the seller? 4. Have you ever thought of writing a report on how to do real estate options? This would be a great e-book! You already have you first buyer and that will be me. Thanks, Lonnie Turner

I hope that I am not wearing out this board. A thought came to me today that maybe I should try to call people in pre-foreclosure. I will be trying to short sale their loans if needed. Can I get in trouble if they are on the do not call list? Is there a place on the net where I can check and see if they are on the do not call list? Any experieces, questions, thoughts are welcome. Lets start chatting nd start doing some deals in 2005. Thanks, Lonnie B. Turner

Here is something that I have added to my L/O agreement. What I am trying to do here is get a free month from the seller. My agreement will start with the seller the same time my agreement strats with my buyer but the payments to my seller will start a month later therefore the total rent from the tenant will go staright into my pocket. The reason I am doing this is to get a decent amount of cash up front instead of the usual 2k down with the rest as a promise note. Please let me know what you think and if you think it is legal. The said property, as described above, with all appurtenances, are hereby leased to the Tenant/Buyer for a term of _______ months commencing _______________________ 20______. Rent for the premises is payable in monthly installments of $____________, to be paid on or before the tenth day of the month for which rent is due. $____________________ of each rent payment shall be credited toward the purchase price of the property as additional option consideration. Tenant/Buyer may renew the Lease-Option Agreement under same conditions for an additional _______ terms by giving notice to the Landlord/Seller of its intent to renew this Lease-Option Agreement by mailing a written notice to the last provided address of the Landlord/Seller. Payments start date will be set when Tenant/Buyer procure a suitable subtenant or assignee. Payments start date will be 30 days after the commencement date of this agreement stated above in this same paragraph. Payments Start Date Is: _________________________________________________________.

What is the best way to put money into a s-corp after it has been establish and you want to add more working capital? 1. Buy stock 2. Loan corporation money with a demand note 3. Or call it a sholdholder investment on the books Number 3 would be the easiest but is it legal and would it be considered comingling funds? Thanks, LonnieWA