Alexandre30 0 Report post Posted September 27, 2012 This is something that i get ask often: What are you gonna do with the property? I usually tell the seller that i have different exit strategies but i will more likely put a tenant in the property until i purchase within the 3 years term because i don't want the property to sit empty. I'm just curious how you guys usually answer when a seller ask you what are you gonna do with the property when doing a SLO..... What is your answer? Cheers Share this post Link to post Share on other sites
ErikOk 10 Report post Posted September 27, 2012 You're going to make sure that the payments are made and the tenant buyer is on target for the greatest likelihood of buying the house. Also house will be maintained without seller needing to worry about it. This is something that i get ask often: What are you gonna do with the property? I usually tell the seller that i have different exit strategies but i will more likely put a tenant in the property until i purchase within the 3 years term because i don't want the property to sit empty. I'm just curious how you guys usually answer when a seller ask you what are you gonna do with the property when doing a SLO..... What is your answer? Cheers Share this post Link to post Share on other sites
MichaelC 160 Report post Posted September 27, 2012 Hi, Alex, and welcome to The Naked Investor.The homeowner should have a clear idea from the very beginning what your position is in the deal and what you will be doing. You need to reassure the homeowner by touting the advantages of your offer: no tenants and toilets, no rent collection hassles, no maintenance and repairs, no Realtor commissions, no closing costs, etc. In short, you are removing the headache of dealing with a property they have a problem with. Share this post Link to post Share on other sites
DeeLight 8 Report post Posted September 27, 2012 Hi Alex,Welcome to the Naked Investor!! Michael's book answers this really clearly and sooooooo much more This is not a paid advertisement Share this post Link to post Share on other sites
MichaelC 160 Report post Posted September 27, 2012 Hi Alex,Welcome to the Naked Investor!! Michael's book answers this really clearly and sooooooo much more This is not a paid advertisement Send your check to the usual place? Share this post Link to post Share on other sites
DeeLight 8 Report post Posted September 28, 2012 silly boy I am grateful to have found you Michael and that you have this space for all of us. thank you very much Share this post Link to post Share on other sites
MichaelC 160 Report post Posted September 28, 2012 You're welcome, Dee. It's my pleasure to help. I want to see you get some deals as much as you do. So don't for a moment think you can't do this or get discouraged. You can, and you will. Share this post Link to post Share on other sites