ErikOk 10 Report post Posted October 13, 2011 I have a meeting set up tomorrow with a fsbo that is open to a L/O and understands what I am wanting to do (assign). He said he is open to discussing any other ways too (plain option). I also have a 2nd maybe. I asked about a L/O and got a no. So I asked them to tell me their bottom $ price and maybe we could do a straight option. The lady was a little hard to understand, but her son wasn't and he is going to relay the info to her. I explained that I would pay for any signage & advertising. We'll see how it goes. Share this post Link to post Share on other sites
speedingpenguin 19 Report post Posted October 13, 2011 Good luck! Be careful that the 2nd seller(s) don't think your an agent, especially since theres a middleman who's relaying the info back and fourth (remember that game "Telephone" from when you were in school? It's amazing how much a simple story can get distorted as it gets passed between people) Share this post Link to post Share on other sites
MichaelC 160 Report post Posted October 14, 2011 Erik, did you meet with the first homeowner? How'd it go? Share this post Link to post Share on other sites
ErikOk 10 Report post Posted October 15, 2011 Erik, did you meet with the first homeowner? How'd it go? Hey Michael, I didn't get a contract with them yet. But I did get a very positive response. They are going to let me know after they figure out their bottom line price (they asked for a couple days to figure that out). I did find out a lot about their situation. They purchased 4 acres and are going to build a home on that. I told them about L/O and plain option. They weren't entirely against L/O, but I think are leaning towards plain. It was a very positive experience for me and they mentioned that it was for them as well. To help explain things to them, I drew out a flow chart of sorts explaining the L/O and plain option. This really helped them understand it. I did comparable properties within a 1/4 mile radius. I told them their bottom line price is something only they know best and I am not there to beat them down on price. Again, a very comfortable meeting for all of us. I mentioned to them that I plan on using a yard sign, networking with other investors, online, and in the paper. If for some reason I don't get the deal, I don't believe it was anything I did wrong. I was happy to find out that he is a chief operating officer of a large machinery company here. He mentioned that a buddy of his has a property that he is considering selling, so he is going to recommend me to him. I am also planning on printing up some fliers and asking permission to place at his work. Now for the 2nd lady, nothing yet on that. I gave it a day to cool off after explaining the situation to her son. I did a 'drive-by' and their sign is still up, so that is good. As an added bonus I found 2 more Fsbo's today and what appears to be a vacant house the block over from the 2nd lady's house. Thanks for the support,Erik Share this post Link to post Share on other sites
<Steve> 82 Report post Posted October 15, 2011 Erick's roll'in Share this post Link to post Share on other sites
