randian 0 Report post Posted February 5, 2009 This is my followup when people respond to my "will you lease/purchase" solicitation.A copy of "Lease Purchase Advantage" is also sent to them. All comments appreciated. I'm a businessman who specializes in putting together Tenant/Buyers and homesellers. I will not reside in the property, the Tenant/Buyer will. After we negotiate thelease and purchase contract (term/sales price/rent), I will find a Tenant/Buyer foryour property. They pay me a fee for the right to occupy and purchase your homeaccording to our prenegotiated deal. You get to approve anybody I bring to you. Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted February 5, 2009 Realtor's are going to get the rope and find you!...lol. Stay away from anything that resembles of you finding a buyer.Stay away from anything that says fee. Share this post Link to post Share on other sites
randian 0 Report post Posted February 5, 2009 Realtor's are going to get the rope and find you!...lol. Stay away from anything that resembles of you finding a buyer.Stay away from anything that says fee.Yikes! What should I say instead? Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted February 5, 2009 This is just my opinion here. But this is what I would say to stay away from the Social Realtors out there. Hi John, Thanks for your reply. I am an investor that buys single family homes in the area. Attached is a flyer on how and what we do. Of course a little flyer will not explain everything in detail. So read it over and get back to me if you want to chat some more about getting your home sold. It is short and simple. I don't like putting things in print that will hang me.Here is what the email is saying. I am not living in the home. I am going to buy.Now if your intention is to flip it to an end buyer (TB'er) then you will say that in person (or over the phone) Here is how we would say it: Me- John, your home sounds great. But your property doesn't meet my buy criteria. You know how you got my information earlier. Well I do the same thing to attract buyers. I am pretty darn good at it as you can tell. I tell you what. If I was able to put someone in the property and sell them the agreement that you and I will work out is there some reason why we could not work together on this? This maybe better or not. But it works for me with doing regular options. Share this post Link to post Share on other sites
Jason (AL) 1 Report post Posted February 5, 2009 I wouldn't/don't use the words "business man" and "fee", however, I let them know upfront that I'm in it for a profit. Just be upfront and give them enough informationto get something started, but not enough to confuse them. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted February 7, 2009 I'm a businessman who specializes in putting together Tenant/Buyers and home sellers. I will not reside in the property, the Tenant/Buyer will. After we negotiate the lease and purchase contract (term/sales price/rent), I will find a Tenant/Buyer for your property. They pay me a fee for the right to occupy and purchase your home according to our prenegotiated deal. You get to approve anybody I bring to you. randian, as has already been pointed out, that paragraph is loaded with potential problems. ". . .putting together Tenant/Buyers and home sellers" smacks of brokering real estate without a license. Scratch that. Reword/rewrite what service you are providing. Keep it more generic. The goal of that email shouldn't be to convince anyone to do business with you, but rather to interest them enough to want to speak with you. Then you can close the deal. Besides, you are attaching the Lease Purchase Advantage flyer. So you needn't go into too much explanation in the email. Share this post Link to post Share on other sites
ogbuff 0 Report post Posted March 6, 2009 If I am currently a realtor, does this in any prevent me from doing lease options on my own, separate from my broker? Just making sure I'm not doing anything illegal. Thanks,Paul Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted March 6, 2009 If you approach listed properties you may have an issue. But it depends on the listing agreement that the seller has with the listing broker. No broker can tell you what you do with your personal business. There are some that say that you must list all your own properties, but I never seen that in any broker policy manual. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted March 6, 2009 Paul, play it safe and smart and deal directly with homeowners and unlisted properties. Mention you are licensed but that you are looking at that deal as a principal for your own doing. You should be fine. Share this post Link to post Share on other sites
Doug Pretorius (ON) 9 Report post Posted March 7, 2009 Best to leave the listed properties to the unlicensed investors, we're used to having broker complaints filed against us and being investigated for all sorts of shady business practices. Racketeering, conspiracy, lease options, bandit signs, it's all a very dirty, very bloody business. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted March 8, 2009 Paul, now you can see how Doug earned his board title. . . Share this post Link to post Share on other sites
Doug Pretorius (ON) 9 Report post Posted March 8, 2009 Do you have issues with my winning personality? Share this post Link to post Share on other sites
MichaelC 160 Report post Posted March 8, 2009 Not I, Mr. Sunshine. Share this post Link to post Share on other sites
ogbuff 0 Report post Posted March 9, 2009 Haha, I love it. Thanks for the replies guys. I'm beginning to see why this site is so awesome. You guys answer my questions so fast, I'm flabbergasted! Will definitely keep to homeowner listings only. Hope everyone had a great weekend. Paul Share this post Link to post Share on other sites