bpmiller2 0 Report post Posted February 9, 2009 I don't know about everyone else, but in my market it seems like every investor has jumped on the lease purchase bandwagon. When I scroll through CL ads, it seems that most of the listings are investors offering homes as rent-to-own. However, in my area, I don't see a lot of maketing by other investors for T/B besides the conventional listings on CL and other online sites. With that being said, I think there might be an opportunity to work with these investors by marketing their properties to my T/B list in exchange for a portion of the option fee. I just wanted to see if you all though this was a good idea? Also is anyone else is doing this in their market? If so, how are you presenting it to other investors? How much of the option fee should I expect? Thanks in advance for your responses. Share this post Link to post Share on other sites
Jason (AL) 1 Report post Posted February 9, 2009 Combining your assets (your TB list) with the other investors' listingscould be a worthwhile endeavor. Maybe more so if you use yourlistings to make more $, as opposed to splitting everything.But not a bad idea when things are slow on your side. Be sure to get something in writing, as your "competition" could geta temporary case of amnesia when it comes time to pay up. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted February 9, 2009 Miller, options and lease options are no longer a well kept secret. The collapse of the housing market has brought forth creative ways to move one's property, with this niche being just one of them. You shouldn't be surprised. I think it's a good thing because it means there is wide acceptance of the strategy.As for working with other investors, my personal bias is that I am usually a bit wary of doing so. I mean, why does another investor need me in the middle of the mix? But if you want to approach this, I would think a 50/50 split of the option consideration is warranted, and be sure to get an agreement in writing to protect your interest. Share this post Link to post Share on other sites