EdFulmer

Hey folk's i have a coop lease purchase deal in Coconut Creek Fla it's a nive 3rd floor luxury type condo 2br 2 bth about 1100 sqft price to end tenant buyer is $299K on a 12 month lease purchase poss even a 24 month L/P anywhere from $1500 to $2000 a month (depends on the individual and there down paymnet ) I'm willing to give a nice referral fee for anyone that brings me a Tenant buyer Please let me know if you have anyone Thanks Ed Fulmer 561-577-1032 ps. you can e-mail me at EdFulmer7@aol.com or call me 561-577-1032

Mike or other's I have a SLO deal i signed up in Feb of 05 , my price $255K and i sold it to my T/B for $30 K more sold for $285K I collected his D/P of $25k down (one of my better deal's on D/P i might add I also collected first last and security of $1500 x's 3 for a total of $28k down but of course the only portion of T/B deposit towards purchase price is the $25k Now the $1500, is what I pay the selle/owner and so there no cash flow and there is no rent credit , , but in my contract with seller i orriginally was suppossed to pay $1700 a moth So when I found this buyer I then paid my additional deposit that I agreed to pay the owner above my $10 dollar binding option fee , which I originally set up withthe seller that i would pay him a totally of $6800 dollars ... that breaks down to be for ....... 1st month $1700 rent plus $5100 non refunable deposit which $5100 would apply toward's my purchase price when i exersised it Now since i had the buyer pay me more then enough so I would lower the monthly to fit his monthly income budget , I allowed him to pay the $1500 that I was to pay the seller ever month , ......So now I go back to the seller after i get paid the $28K from my T/B , and negociated that I pay him the $200 a month in advance since i did'nt want to swing it each month , and i even paid him less money for my Deposit towards the purchase BUT HE ended up actually getting more money in the Total amount I paid him , Which broke down as so ........................ my new D/P toward s the purchase price is $3500 instead of ($5100). =..........$3500 My new monthly payment is now $1500 instead of ($1700 ) =.......................$1500 and my advance payment of $200 mth X's 15 months = .......................$3000 FOR A GRAND TOTAL OF =.........$8000 So my grand total would be coming to me at the table when we close is ....= $8500 and actual another poss $600 dollars since i have a 15 month term with 1 term extension if needed with seller/owner and I only have a 12 month with my T/B and it is looking like he will close on or about the last 12 month since he is ready and able with good credit So that $extra $600 would be considered credit for the purchase for me RIGHT ?? I just realized that the extra 600 would be mine while i was doing this break down if in fact my guy closes on time which i think he be a fool not to , and lose that poss $25k . Anyway I don't think I had to detail this whole deal out to ask this question but you know me Mike i like to talk and so i figured I spell it all out first , in complete detail JUSt TO ASK THIS QUESTION ..lol lol lol .............................. I just had to detail it all out cause it help's me think better LOL LOL LOL just to ask a question , It's kind of like thinking out loud .. LOL LOL How or i should say what is the best way to have this deal assign back to the owner for a monthly payment that is coming up . Meaning i am willing to take next months payment and keep it as my assignment fee to assign it back to the owner , So should i just use a simple assignment back to the seller or maybe some kind of irrevocolable Release Fee , where by I release him of my contract with him for a fee , and have it palced on the Hud -1 as an invoice if and when my T/B closes with the seller /owner , OR should i just use the Coop Assign Agreement where it states that I am being obtain by the Client/Seller to consult, market , and even manage (for first 7months) with using consultans expertise in doing a Lease Purchase deal ?????????????? I just can'tg figure out the best way to assign this deal back to the seller/owner without him having any issues at the close in a few months if I am not there SO CAN YOU PLEASE HELP MIKE ??? You know I been using the Option technique with invoice on Hud-1 using "Irrevoc Release Fee " when Jon and i do these straight Options where we just option it for 30 days or so and then we find buyer which we then release the seller of our contract with the release fee and we get paid on the Hud-1 as an invoice type thing AND IT WORKS GREAT , so i was wondering if this would work in this case . ?? in anywa case can you help me structure this deal cause i really want to take next months payment for my remaining poss balance that I got coming to me IF the T/B buy's it which it's really a great risk to the seller cause he can't lose a thing if the T/B does'nt buy , and the seller /owner is interested in this deal i offer him , But I just need to make it very clear and look's good because this Seller/Owner is one of the Anel guy's with the contract 's and wanting to make sure this and that is in there and all that . At least he was that way when we signed it up , So I just want it to be right So I REALLY APPRECIATE any and ALL suggestions from Mike and Others My name is Ed and I'm An Investorholic and thanks for letting me share LOL LOL LOL Ed Fulmer, In West Palm Bch Fla www.Help-You-Buy.com (561)-577-1032 call me I answer my own phone

( just wanted to tell u all first before u read this LONG messge that i did not proof read this or check for spelling , cause i was about ready to fall a sleep , i wrote so much , i even put my self a sleep. BUT IT IS A VERY GOOD Subject that WE ALL should look at , especially for those in hot markets trying to do CA's. So please excuse any mistakes , I am sure you be able to figure out my point though, So please read on ) I'm going nite nite lol lol So i get all these good leads from just a few cold call's on FRBO in my local newspaper , And all seem so interested since I said I specialize in the Lease purchase /lease option Biz for years now and that i can 1st - show them how to get the most money poss 2nd that we don't charge you a dime , we get paid by one of our qualified buyers that we can bring in to buy your home if they like it 3rd - we can set it all up using the best L/O agreements in the country that have been used , thru and thru , which are tried and true 4th- we can do this all within in day's and no longer then 21 days top's cause WE WON'T TIE UP YOUR HOME for a long period of time and we will have a clause in our contract that says it's only REALLY AN OPTION which means if we don't bring you a client within 21 days then it's a null 5th- Even when we do bring you a buyer , it will have to be signed off by you and you would have to sign the assignment contract that i assign OUR agreement to , or else it's not valid, Which means that i can only sell the home to someone that you agree with , along with the deposit and payment arrangment that i make with them. You the seller have to agree by signing this ( and i show them the assignment agreement that they'll sign off on so they know what i am talking about ) Well there's even more to that , but to set up the question i have , i wanted to stage it first so you can understand what i am asking So see i show them the assignment contract and tell them all the good stuff i can do for them , Like also pretty much Gauranteeing them at least 5% down , BUT A MAXIUM oF 105 down , with the end buyer giving it up over the 12 month or 24 month period of the L/O period, in Installments if in fact they don't have the whole 10% down. Which i also say i can gaurentee them a higher cash flow , well above the market rent's , Especially if they don't have the whole 10% down in the begining of the L/O agreement . i also show them that i can do this above all by our expertise in doing these deal for years , and that it's very easy to get a Tenant /Buyer to do this cause i work with them on educating them about the importance of putting the 10% down over a 12 to 24 month period cause it would ALMOST Gaurentee the buyer a chance to buy EVEN if there credit was still not that great because with that amount down and the extra amount that they can prove they have paid for at least 12 months put's them in a position to the lender as a great risk buyer to fund them the deal with that lender AS A REFINANCE , INSTEAD of a purchase , So therefore they will get a loan against the appraised value at that time . That would put them in a gauranteed 90% to a great chance with appreciation of 80% LTV , there by making it an almost shoe in to getting them financed on the deal , again EVEN if there credit is not that great . So Mr. Seller as you can see i have all the knowledge and exp. to get you the best tenant/Buyer , who will be taking care of all the maintence and repairs as well on the home , since they'll treat it like it was there home from day one . Cause they would have so much to lose not to buy it , even if they would get a sudden reason that they don't or can't live in the home at the end of the year or 2 , because they could always end up buying it , so NOT to lose there financial interest in the deal , and either sell it or they, in turn- could rent or EVEN lease option it out to another ,... after buying it from you MR SELLER . So I hope you see that I can really help you get the best deal FOR YOU Mr Seller , ALONG with making it a win for the end buyer, cause See mr Seller with my EXPERTISE IN DOING LEASE PURCHASE/OPTION'S Over the years and IT BEING MY SPECIALITY in MY real estate investing , I am sure you'll be pleased to know that i have all the right SKILL'S to make this work for us all. ( Now for example ..... I show him the paper work that we use for doing A lease and an option agreement, and again i show him the coop assignment contract ) Bla, Bla, Bla, Bla, ............... i as you can see am making my presentation to the seller to let me sell his house , and therefore i am showing him what i have to sell him . SO HERES THE QUESTION ..( But make sure you realize that i am ONLY explaining or SHOULD I SAY giving away all the secerates to the trade , only cause it's someone that i have already been drawn to them in my cold calling quest from the newspapper ad's that mention in it , they would either flat out want to Rent-To-Own in there ad or it said they would consider doing a lease option /rent-to-own , so that is why i am giving away a little bit of MORE info then normally would be needed in my 2 exp. with the couple of sellers that wanted already to do a lease option ) What I am wondering is what do you say , by not giving away what it is you do , WHICH THEN IN TURN , THEY CAN NOW DO IF THEY WANTED TO SINCE YOU JUST TOLD THEM WHAT AND HOW TO DO IT ?? And EVEN with the one's that are not wanting to do a lease option, but you come along and tell them some of the KEY benifits of doing a lease option , so they say sure come on out and see me , Then you do and you start to go over all the HIGH points , and even show them how it all work's out in the contract that you are providing them. Now your going thru the details of it , AND IN MY CASE , my little strategy is to show them how to gaurentee 10% down , with using Installment plan over the period of 12 months or 24 months what ever the seller wants 12 or 24 . but i show them it , and so now the light bulbs go off in there heads , and they say to themselves , WOW i can just go and do this my self , and they end up saying oh well that sound great , let me get back to you tomorrow after chatting with my wife about it . BLA BLA BLA OK I know , what the answer is , cause i been in this biz way to long , that you just have to take the good with the bad , and roll with it , And that the one's that think they can do it on there own, will do it on there own , that is why there advertising it in the paper that way . So for what ever reasons they are , they think they can do it . Maybe even they will find a buyer and then have an attorney do up all the peper work, So that is somthing we can do for them ......save them on the cost of an attorney , by using our GREAT PAPER work , but that is not likly that they'll bite .....we may get about 50% of them. The bottom line and the reason again i wrote so much above to ask a simple question , is to get ALL OF OUR CREATIVE JUICES flowing with IDEA"S on what to say , and how to say it . ALONG With what not to say . BUT How to get that seller to buy your product ultimatlly in the end without giving up the trade SECERATES !!!!! And please pleasae please please please PLEASE ADAM !!!! DON'T TELL ME THAT I AM NOT DEALING WITH A MOTIVATED SELLER , Cause see where i live and where you live , ther is no motivation here except for making as much money as poss. while the bubble has not burst here , and that is no where even close to what you deal with in the poorest state in the nations , THIS QUESTION I HAVE ALL BOILS DOWN TO , being flexible in BEING a CREATIVE FINANCE INVESTOR and flowing with the time's or market that your in at that time . So if we want to be flowing , in the creative financing real estate biz , in south Fl , then we have to work with the flow instead of against the grain , Where by , yes i know there are still the desperate one's in every state , but here where i am at , even the one's that are about to have there house on the auction block , in day's can still get desperate , and at the last minute sell for dirt cheap , BUT STILL MAKE A HECK OF A LOT more money , then if they were some where else , where they would be upside down making No Money at all . So the point is how to get the one's that want to sell there house without have to give up too much of there future equity , WITHOUT US giving away our little TRADE secerates we have in THE CA , even though we have more knowledge then the most of these people , who put there ad's in the paper saying that they'll L/O or RTO there home , AND EVEN the one's that will flat out say when cold calling on F. RENT.B.O , and they say well yes i would sell it after a year or so of you renting it , that is my plan anyway , ........ So you then go into your speal of what you can do ,and how you can show them all the benifits of using a lease purchase . On top of that you can even show them how it won't cost them a dime cause you get paid by the buyer that we bring in. Bla Bla What do you all think we can do , for thise of you that are in the hot markets as well , to get these owners that ARE INTERESTED IN OUR PRODUCT without giving up our trade secerates . Because it's kind of hard not to tell them about how we do it and the little tricks we have without them saying , well why do i need you then .???/ So yes again i know the real answer to that , but that is the MAIN QUESTION I HAVE OUT OF ALL THIS , Let's see if we can come up with another way to sell this CA to NOT JUST the one's that need us , BUT the ONE"S THAT DON"T THINK they need us for what ever reason, CAUSE I KNOW , AND YOU KNOW that no matter what , they think they know , there are not many IF NOT ANY at all out there that can even do what we do , or have the paper work we have, or the expertise we have to find the buyer's that will pay what we can get , or the way to structure the deal in order to make an extra $500 bucks a month cash flow without the tenant buyer thinking twice , It's all in our expert presentation , and all that good stuff . whatcha you all think ??? let's really make the CA , the best thing since slice bread , , ... well it already is , But lets make it the best thing that only US FEW THAT know how to do it the BEST way , and ONLY way . let's make it so UNIQUE that it can only be done by US EXPERTS !!!! kind of like , a realtor think's ..... They think that you can only get the best price , by using A expert LIC. Realtor's expertise . Ya Know ??? Ed Fulmer %61-577-1032

Hey there guy's and gal's I have a buyer that has a Job Transfer, in the Ft Laurd. area who has a good amount of money to put down and can also afford at least $2000 & up per mth They need something quick and the only reason they can't buy is cause of a BK that won't be discharged until next year some time But these buyer's now will be making $165K a year with the new job, so They are heading to be back on their feet and they really want to do a lease option deal, where they know they won't be wasting rent money So if anyone has something let me know , and we'll work something out with My Buyer who has at least $20K to $30k to put down. I will find them something for sure , but i just have not had the time to do some cold calling in that area , even though it's only one county down the road from me . It's just been a lil hectic around here for me , So i figured that if one of you all, already have something , i be willing to work something out you and my GREAT BUYER / With MONEY if any of you all have a house, let me know and we can talk about this OK ?? Thanks so much Ed Fulmer 561-577-1032 OR e-mail .....EdFulmer7@aol.com

WOW !!! Mike this is just so amazing ... Why ??? cause I just was mentioning this kind of stuff to Jon Rexford my partner here in palm beach county , About how this is TOO damm crazy , and that it's like , .."ok what strategy do we use now as investors to buy houses here ?? " I mean damm IT just flat out sucks here , Also by the way, what Rich ( Sold ) said about the 95% thing, I was just wondering Rich , Have you seen any of my signs lately in town where they say ......... WE BUY HOUSES @ 90 TO 95% OF APPRAISAL ............... Cause it just seem like this whole thing of what Mike had posted and even what you said about that was getting kind of spooky SINCE I HAVE NOT BEEN TO THE BOARD LATELY And all of a sudden i come here and you guys are thinking and saying what i am . Oh yea well i guess thats cause of our market and like they say......" fine mind's think a like " So I guess were all thinking the same around here when it comes to the South Fla Market But man o Man it is crazy here and it's getting tough to do deal's Anyway I just thought it was funny that i had not been around here on the board at least reading anything lately , and then when I do it was only to see if there was some magic answer I might get from Mike and the like's of you all for my S.Fla market , But come to find out the Head cheese around here is feeling the same way ..lol lol Oh Well what's next Mike ,??? .......What and how do we make some money ?? By the way the signs that i put out lately are for trying to get an option to buy then sell it with owner financing with using our note buying program for the end buyers . So the pitch to the seller is basically that i can offer you 90% or so and close very quick cause I buy houses and sell them with owner financing . And if there motivated they'll sign our contract that has a special clause in it that states that they would release us and pay us a release fee and close direct with our 3rd party buyers . THIS DOES WORK IF YOU CAN GET THE SELLERS TO RESPOND SO FOR THOSE OF YOU OUT THERE IN THE EASIER MARKETS PER SAY , I CAN HELP YOU WITH THESE KIND OF DEALS . The biggest thing is that when getting the seller to agree you would sell it with owner financing so therefore the property would move quicker Anyway if you want call or e-mail me to explain how we can work that program together in your area Ed Fulmer EdFulmer7@aol.com 561-577-1032

Caveman, I hope and pray that your down payment agreement receipt STATES THAT ........... Hers what mine says....... A non-refundable application fee of $________ and a reservation/earnest money fee of $__________ are required for processing this application, and is being paid herewith. An Application Receipt Agreement must be signed by all adults who will occupy the property before this application can be considered by Management. The undersigned expressly agrees that if this application is approved applicant herewith agrees to lease/option this property. Applicant further agrees that if applicant is accepted by Management and then decides, for any reason, not to move into the premises, then all monies paid herewith shall be retained as liquidated damages since other prospective purchasers may have been turned away and it will be necessary for Management to re-advertise the property and evaluate other applicants. Processing of application shall be as timely as possible and the results may be delivered via telephone, fax or mail. Once approved, applicant agrees to pay the balance of funds and complete the paperwork within 48 hours, otherwise management will assume that applicant has decided to forfeit the reservation fee payment made herewith and will begin re-marketing the property. If applicant is not approved, all monies given herewith, less application fee shown above, shall be returned to applicant. So I hope you kept this guys money for listening to his SO CALLED KNOW IT ALL BOSS, and if not at least take 1/2 for the simple fact that you have takin the home off the market for TIME that has cost you money. Listen I am in agreement with Mike, Doug and Tony , but I am really in agreement with Mike when he say's that he is MAD TOO AND IT'S NOT HIS DEAL !!!!!! I just HATE Those DAMM KNOW IT ALL'S And it drives me nut's cause I been doing this for years and always hear these assh**@!*L's !!!!!!! Man That drive me crazy that some stupid guy that thinks he knows every thing can just call up and ask questions like he really cares ..... AH !!!! Anyway I hope you keep the money cause you deserve it for talking on the phone with this guy. The way I see it is that you should charge the $500 to the T/B for the phone consultation you gave to EDUCATE THE AGENT on some things he does not know about Realestate AND NOW HE DOES KNOW therefore it cost $500 for your phone consultation on Lease Option 101 Anyway that's just my 2 cents and DAMM IT keep that $500 For yourself PLEASE!!!!!!! ED FULMER

BEV You wrote about your ease in finding for rent by owners.............. Well You'all know my story when it comes to cold calling FRBO but when I saw this post, I couldn't help it and made 4 calls to FRBO from today's paper and as always, I got 3 yes and 1 "I will discuss it with my wife" line and is now up to me if I wanna proceed with them... (boy, if I could only get TB's as easy as I do homeowners, I would be one happy latin mermaid ) my question is ...oh well first i congratulate you on your sucsess, but what i was wondering is what it is you say when calling on rents?? , do you go right into your pitch or first find there motivation before you say what it is you say?? Also for you or any others , what are some of the pitches people say to for sale by owners?? and last , i just put out over 60 HAND Written signs in a HOT SELLERS market that said ........"'we buy houses ....above market price", and I have already received at least 20 call's (in less then 24 hours) some hang up's but i have there numbers , and some VM , But my question is , to any and all , i would like to hear all different approaches from everyone. So what would you say when the seller who just called you from a sign that said you buy at above market price I know I should leave the door open up for all kinds of situation , and i will but as soon as i find out what i need to find out, instead of doing a l/P I want to just focus on a CA , so what would be some things you would say to get them excited. Also what would you say you are ...an investor ,a L/P consultant, a property manager, etc.. just would like to hear some different approaches Oh one of the biggest reason besides the fact that this is a sellers market here , but the main reason i want to do CA is because I don't live in the area where i just put out these signs full time and it would be better for me to not have to worry about anything after i found the T/B

Jason wrote ....... CAs and consultations are pretty cool, I've found, since stumbling on this site. I often wonder why I don't use them more often. .................................... hey there Jason , nice to meet you too, as to your post, ...see that's what I'm saying too , in away , what i was saying in my post above is that we should be all working as a team to really mastered the CA, cause like you Jason, and many others, I'm sure have said to themselves ..hmmm why don't i do more of those cause they do seem to be an interesting way especially since it's such a win win, But we don't and the subject get's spread all around here as just a question here and there , And that is why i think we would do better with the CA on it's own fourme link here , therefore we can focus on it and MASTER IT!!!!! . Listen folks i am exp invstor and was a little embarrassed myself thinking that this seems so easy and that i thought to myself as Jon Rexford did that we should know this already, But we don't Me and Jon work together and are both Pump up about using this tool, BY IT SELF AS A FIRST CHOICE not a last resort (kind of like wholesale flips) , So like us we have not done them and I am sure there are others out there that have done many deals and might feel the same about the CA but haven't posted questions thinking it might sound like an inexperience investor question. I think that's because we look at this tool as a tool to use as a last resort because it does sound to easy and also because we would like to make more money in the deal, but that is why I think we are not ironing out all the little details of how to MASTER IT and to even ADD to it , to make it even better. Anyway I just feel that it might not get as many question from people out there because it seems like a last resort type of tool, And so my opion is that this can be a tool on it's own that you can make millions , SO POST QUESTIONS AND ADVICE and let's MASTER this CA WHAT YA THINK ???? I am convinced that we as a group can get rid of all those lil questions in our heads about the CA just like the most simple one Jason just said ... why am i not doing more of these , they seem very interesting. And in addition to those lil questions people have about the CA we would come up with new ways to master The CA See just look at the many tools that are so popular in your mind now a days , like flipping, lease option, subject-to's , etc.. and now if you see the word CA or coop assignment you would not know what that is if you were not around here , but the point is that we have to continue to work this CA to completely MASTER IT (like we do any other tool we use )and make it a household name in the R.E. investing biz. I think we can do it right here , Again I mention this in my above post, look at the short sale tool being used today and how it's become so well known name in the biz, (BUT DID YOU EVER HEAR THE WORD SHORT-SALE 5 YEARS AGO) so you see we can do the same with the CA, ... Why you might ask do i think the CA is so good that it merits it's own forum link by itself ?? Well for one it's something i belive can be a tool all by itself to make anyone a millionaire , just for example is to look at the wholesale flip that most of the big successful investors do, and they are doing a 100 deals a years if not more. They are averaging approx $5k more or less per deal. Now look at the CA's basic concept that we would be doing . You can clearly see that we have something here . I'M TALKING ABOUT DOING 50 TO 100 CA's A YEAR just like the wholesale flip, but with higher profits Poss. If You could make say only $5k average per deal but could do say only 50 CA's a year , would that be something you would just focus on and master that as a biz by itself ??? You see this can be done all over the world , that's what makes this so good, you don't have to be there with the seller to make money. you can consult with a seller in other states , so this opens your market even bigger to find more deals. And you get in and out of the deal just like the wholesale flip Let's start to focus on it , and lets start POSTING some of those QUESTIONS that I know you have So I HAVE A FEW TO START OFF REMEMBER NO QUESTION CAN BE TO DUMB, EVEN IF IT HAS BEEN POSTED BEFORE AND SOME ANSWER IT. Let me say this to help you see that every question could be ask a 100 times because let's look at how many times someone ask the same question about a Lease Option question here, or if you went to a Subjet-to website , how many times do you here the same questions being ask over and over ??? SEE WHAT I MEAN HERE ?.... I Think the reason people become such experts at a certain tool they use is because they answered the same question over and over in there own way , and so you see how we learn is by seeing the answer over and over and ALSO SEEING OTHER WAYS other people have done it. And now you have another way to see it, Maybe one person can't understand it until another guy answers the same question but in a different way. THE BOTTOM Line we could never be to educated SO LETS POST THEM QUESTIONS SO I'LL START THEM 1- WHAT THE BEST WAY TO PITCH IT, ie. ...should we say we are investors, consultants, property managers, lease purchase specialist,etc. (I know we have gone over this before in other post and even the june 15th telaconference but why not add to it since then cause maybe some have exp. some new ideas on this question and others) 2-WHAT ABOUT CONSULTANT WITH BUYERS INSTEAD OF THE SELLERS USING THE CA CONCEPT ?? ie. .... See the same thing can happen here with the buyer out there who dose not have our expertise and therefore we could help them for a fee to structure the deal , to help with the negotiating, the help with the paper work, the help with how to market for the sellers, the help with making sure they understand what they have to do dure the term of the Lease Option they get sign up, like looking at the debt ratio and helping them to understand what to remove from the credit and what to pay off, basically setting them up so that they can be in a good position to buy the home at the end. I know that is a mortgage brokers job but if you know it why not add that to your list of things they receive for the fee they pay you, and so on.. 3-WHATS THE BEST THIN TO PUT ON A SIGN OR AD IN THE PAPER WHEN LOOKING FOR CA. ??? ie.. for a sign..... We Buy Houses ??????????? 561-666 9999 How about this angle.... We Buy RENTAL HOMES For ABOVE Market price 800-888-9999-ex.450 4 -WHATS DO YOU CALL ON WHEN COLD CALLING .... LANDLORDS OR FSBO'S ????/ 5-HOW CAN WE WORK THIS IN WITH A LISTING REALTOR.??? (the reason I say listing Realtor is because I do use Wendy Pattons "Working The Realtor System" where you can work with a listing agent and buy there listing on a L/P by making it appealing to them with offering upto 3% as a down payement for which would go to the listing agents office therefore the listing agents would still make the same amount of money in the same time as if they would sell it on the open market to a buyer with mortgage. Now this only works BETTER if you or your partner is a Realtor so that you can absorb the other half of the commission, But if you don't have a realtor to work with then this makes it even more appealing to the listing agent since they would be able to double dip the deal. Just make sure that you negotiate that the other half be paid at the end when your buyer buy's. ANYWAY THE QUESTION IS ....HOW CAN WE WORK THIS CA WITH A REALTOR????? ( I belive there is and if we can master a way to get Realtors bringing us deals , WOW that could be a very nice easy ride to the bank and cash a lot of checks since we know that Realtors do have most of the deals out there .) 6- CAN SOME OF YOU TALK ABOUT SOME EXP. YOU HAVE WITH TALKING TO SELLERS WHILE EXPLAINING THE CA's (only)??? 7-WHAT ARE SOME OF THE BULLET POINTS YOU SAY TO THE SELLER WHEN YOU EXPLAIN THE BENEFITS OF THE CA ????? Well that's it for now GOD BLESS And let's Master this CA , WHAT DO YOU THINK ???? ED FULMER PS.....If anyone wants to call me and chat about the CA feel free 561-577-1032

No,No,No, Kim that is no what i meant , what I am suggest is to start a new Forum link for just CA's Q & A's only so i guess my post was using the wrong words. I was using the words thread or new subject link, so i guess you miss understood my post. Also another reason i think you misunderstood my post is from the last part of your post where you suggest i do a search for CA's , and i would come up with hours to read. See i know i write like i talk , a lot lol lol so maybe i board you with it and you didn't get to read it all or i just lost you in the long drawn out message. But what my main thing i was trying to get across , is well 22 things one that we should start a separate thread as i called it but i guess i should have said Forum. To be devoted just for CA's Q & A's so I thought it would be a good thing. But second, and most importantly is the fact that I feel the CA is something great and that we could and should be really on to this since i feel we could start a new popular new investing tool. Anyway just read what i wrote if it does'nt dore you to much, and you'll understand HOPEFULLY THIS TIME. OH Yea by the way how many CA's have you done, or lease options , deals , can you share all the hard knox education you have with us especially on CA's . The reason i ask is cause i noticed you like to help others here with answering a lot of questions that are posted here. So I thought you could spring some of your real life stories. I'm sure that would help others. Anyway I hope you understand the first message and realize what I am talking about when it comes to the CA agreement and that we all as a group can be apart of somthing that I think can be great And last but not least , Here is my last deal of one of many deals to help others. I do not do any CA's yet but I do a lot of L/P deals, and heres the most recent one i did Purchase on L/P with seller for 30 months at $255k which is about $5k less then market value Sold it on a L/O for $285k I put down $10 with seller and had no payemnts do (which i was only paying his piti) for 60 days I had a payment due to seller of $5k and first month due on the 60 day exp. due date, my buyer paid me $28k down for a 1 year option, at $1500 a month which by the way he did'nt want to pay more then that , since i was require $1700 a month, because my payment was $1500 a month. since I required $20k down to get in but he did'nt want to pay the $1700 a month and only wanted to pay $1500, so I had him buy it down with another $8k down for the total of $28k down, I paid my seller his $5k plus first months out of that mony I alsopaid a WHOPPING $5K Referral fee to a realetor for bringing me this buyer, MAN AINT I A NICE GUY ?? Yea i know that was a lil crazy, and afterwards i kind of thought the same , but I will say i do have some other deals brewing with this realetor since then, so I hope it pays off, Either way that's ok cause thats what life is about . give and give more ,and God will take care of the rest. God Bless Ed Fulmer 561-577-1032

Hey there, Mike, and to everyone else on board. Well as you know Mike, when we spoke on the phone the other day I told you I've been following the board here and i really think this is one of the best, if not the best board for the subject tool. So I would first like to say thank you, Mike, and to all the other folks here. You all have made this a very educating message board. And for new people starting out , Boy o Boy you can learn the biz just here alone, by picking up Mike's manual, and reading all the Q & A's here. I highly suggest that you do if you're new. Even the exp. investor, too, can learn something here for sure. That being said my name is Ed Fulmer for those who don't know me , and I am an exp. investor myself. But like I said even exp. investors can learn something here and that I did: the Cooperative Assignment. Which leads me to my question.. Mike, I was thinking I am always looking around here and do enjoy reading so much of all the other questions pertaining to all the other facets of lease option and options, etc. But I must say that I am mostly looking for all the posts about CA's since that is what I am so interested in. Especially now a days here in the South Fla area, (West Palm Bch area), and even on the west coast, (Cape Coral and Ft Myers area which I frequent a lot), where it is such a sellers market and tends to make my Lease Purchase (sandwich) biz much harder to score a deal. So I am very impressed with this CA agreement and how it can benefit us so much more. As a matter of fact, I am very pumped up about this and I really think it's a great way to do a deal weather you're in a hot or slow market. But anyway, my question is basically why don't we start just a separate link or subject line here to where we can just focus on the Coop Assignment Q & A's? What do you think, Mike , and others ...do you all agree that there is enough interest to warrent it's own tread here? I hope so because I really think we are on to something bigger here then it already is. I know there are some of you guys out there doing a bunch of them. But the way ther're designed I think that a bunch of them would be like doing wholesale flips . What I mean is that it's just like doing one but in a different way. You know what i mean? It's like were in and out. We get in the door telling the sellers how they can benefit from our expertise as a.... what I think sounds like a good way to say who we are instead of an investor or a property manager, which is ..... A " lease purchase specialist/consultant" But there lies another reason for it's own thread because that is just one way but I'm sure if we really focus on this one little tool we can come up with something even better and unique. But anyway, back to what I was saying about how these are so good that we should and could be doing a handful of them per month. Like say 5 or 10 a month. I know that sounds a little crazy but that's why I am requesting the thread. I think we can, as a group, make this so popular that by working on these deals and becoming complete experts at them, pretty soon the CA will be a name that all investors will know just like they know the lease option, flipping, subject-to's etc.. Just look at the tool of a "short sale". I bet you never heard that term being used so freely a few years ago. You know why it's being used so much and so popular now? That's because people really started to focus on doing them and finding out all the little thing about how to MASTER IT. Then, all of a sudden you see websites out there like this board here with it's own manual and discussion boards . It is only because people just kept on trying to master something that is a great niche in the investing biz, that they got it to where it is today, and i might add in a very short time too. So again, I really think Mike has come up with a tool that I am sure has been used before. Just like I am sure short sales have been used for years and years. But now I believe that we have something here that we as a group should get out there and master. Put the Cooperative Assignment in a class of it's own, to where soon they'll be books and courses being taught all over the world. I really think we can be a part of this new trend and maybe look back on it some day and say, "Wow! Look at that guru on late nite TV trying to sell a $49 course on CA'S", or we see a bunch of websites up talking about CA's ONLY . I think it can happen! Can you imagine doing even 3 a month and averaging $5 to $10k or even more per deal depending on where you live!? Shoot, I know where I'm at I would not do one for less then $10K, when I am making someone another $30K on top of that. I mean, shoot, the median price in West Palm is $360K or some where close to that. So if I sold their home that is worth that today I would get them an extra $35K on top of that in just one year! What if they want to go for two years, which we know that is better. Wow! That's a lot of extra money that I just put in their pockets with my EXPERTISE as a LEASE PURCHASE SPECIALIST. Anyway, I hope you might agree with me Mike about the thread, and I hope all others are just as pumped as I am to start a new trend and be apart of it while making BOATS LOADS of CASH . I'll post some questions I have about the subject that's been brewing in my head either way on the Lease Purchase thread. But maybe some day soon it will be in its own thread if Mike agrees. Either way, I know we can all make a bunch of money doing the CA's, so why not start posting some questions, comments, advice, etc. Also, some success stories that some of you have had with them. That would be great and sure to spark some interest from others. See you all later. Ed Fulmer