Got a builder on the line need helb

[theaussibloke 0]

Hi people; I recently emailed about 50 builders with this message:

 

Hi I’m Kevin; I’m a Rent To Own specialist. If you build and rent out homes; I can find you qualified rent-to-own buyers who will pay you full market rent and full market price no questions asked.

They will move in to your property as soon as your property as soon as it’s ready. They’ll also do the day-to-day maintenance at their own cost.

These people think like buyers not like tenants so they are much better quality.

Cash flow from day one

No more marketing costs

No more property management costs

 

and one has come back to me with this email:

 

"tell me more, because we might be able build a business around this."

 

Looking forward to hearing from you.

 

 

 

THis is what I was about to email him back:

"

The way the arrangement would work for you as a builder is that:

 

* I will find people who want to rent to buy and select the most suitable tenant buyer.

* They would take a lease for 12 months with the right to purchase at any time during the option period.

* The purchase price would be next years price plus a bit and this will be nominated on the paperwork.

* In lieu of a bond and letting fee they will give you an up front non-refundable option fee so if they dont buy you keep it.

 

The worst outcome for you is that they may not buy, in which case we simply do the same thing again.

 

You and I would enter into an agreement whereby I take an option to lease the property. I will then find a suitable tenant buyer and assign my interest to them and sign them up on a lease document which a lawyer has drawn up for me."

 

Question:

 

Am I just giving him all the info he needs to do this himself.

The concept is relative unknown here so should I send this as it could lead to multiple deals?? I.e the bloke is a busienss man and needs information to make a decision on.

 

My pulse is starting to race.

 

Would love to get some here please

[MichaelC 160]

Kevin, personally I think you're giving too much information. The purpose of your reply should be to generate enough interest so you can earn a face to face with the builder. That will allow you the platform you need to sell your program and yourself.

* The purchase price would be next years price plus a bit and this will be nominated on the paperwork.

I'd go with something more generic. How about "Purchase price at the top of the market"?

And when you wrote:

* In lieu of a bond and letting fee they will give you an up front non-refundable option fee so if they dont buy you keep it.

I realize you are in Australia and you do things a bit differently. But, still, where do you fit into the deal? How will you get paid?

I've attached a copy of my Lease Purchase Advantage document as a guideline. Feel free to use it or not. No hard feelings. Tweak it to meet your needs, also, if you'd like.

The_Lease_Purchase_Advantage.doc

[theaussibloke 0]

Hi people; I recently emailed about 50 builders with this message:

 

Hi I’m Kevin; I’m a Rent To Own specialist. If you build and rent out homes; I can find you qualified rent-to-own buyers who will pay you full market rent and full market price no questions asked.

They will move in to your property as soon as your property as soon as it’s ready. They’ll also do the day-to-day maintenance at their own cost.

These people think like buyers not like tenants so they are much better quality.

Cash flow from day one

No more marketing costs

No more property management costs

 

and one has come back to me with this email:

 

"tell me more, because we might be able build a business around this."

 

Looking forward to hearing from you.[/i

 

 

THis is what I was about to email him back:

"

The way the arrangement would work for you as a builder is that:

 

* I will find people who want to rent to buy and select the most suitable tenant buyer.

* They would take a lease for 12 months with the right to purchase at any time during the option period.

* The purchase price would be next years price plus a bit and this will be nominated on the paperwork.

* In lieu of a bond and letting fee they will give you an up front non-refundable option fee so if they dont buy you keep it.

 

The worst outcome for you is that they may not buy, in which case we simply do the same thing again.

 

You and I would enter into an agreement whereby I take an option to lease the property. I will then find a suitable tenant buyer and assign my interest to them and sign them up on a lease document which a lawyer has drawn up for me."

 

Question:

 

Am I just giving him all the info he needs to do this himself.

The concept is relative unknown here so should I send this as it could lead to multiple deals?? I.e the bloke is a busienss man and needs information to make a decision on.

 

My pulse is starting to race.

 

Would love to get some here please

 

 

Thanks Michael; I appreciate that. The situation is a little different here in that the way the lawyer advised me and set up my contracts. I get an option on a lease on the property from the seller and sell that option on the lease for what I can get to the Teanant buyer.

 

The problem I have here is that under the residential tenancies act (statute) it is traditional for a landlord to get a bond and a letting fee. In this case I am offering half of what I think I can get from the TB to the builder in lieu of this in order to get him to do a deal.

 

This may not be the right thing to do but I guess I just want to get a deal done.

 

I have purchased your pack which you sent me a while ago and I have sent the lease purchase advantage to several enquirers.

 

Thanks for your help Michael and I will modify my text accordingly.