lhenley 8 Report post Posted February 2, 2010 I was wondering how many are using Lease Purchase as your ONLY investing strategy. I know you can't be all things to all people, but which type of strategies are you using in addition to LP. If you do not use LP exclusively, do you market for each strategy seperately, or use one general "I Buy Houses" marketing, and then lead them into a LP arrangement? Lynn (FL) Share this post Link to post Share on other sites
<Steve> 82 Report post Posted February 11, 2010 I do 100% L/O now. I still have some rental properties I've owned for the past 10+- years. I do have a few SLOs that are working well and I would like to purchase and hold longer term; maybe by transfering the deed or a wrap. L/Os solve a lot of different problems sellers have and don't take 100% of your time. Share this post Link to post Share on other sites
DrRE 0 Report post Posted February 11, 2010 I've been using what some call a Flex Option, then I find a buyer for LP, Land Contract, or a Conventional Mortgage. I use whatever is approved by the seller, then assign or release my option. Herbster Share this post Link to post Share on other sites
jlspartz 0 Report post Posted February 11, 2010 Herbster, how does the flex option work? All you have is the one option contract and then assign it? So, no numbers or terms are set, just discussed, between the seller and buyer until you're out of the picture? Or do you get the flex option, fill out details later, then assign it? Share this post Link to post Share on other sites
DrRE 0 Report post Posted February 11, 2010 Yes I fill out the details later for whatever option is used. I use Michaels and anothers material and out of respect for Michael I won't devolge who's on this forum. Herbster Share this post Link to post Share on other sites
