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Andrew Ikeda

Lease/Options via Internet?

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Hello Fellow Investors:

 

I am interested in knowing if anyone has ever tried to contact sellers via the internet?

For those of you who dont know me, I am currently overseas working (Seoul, South Korea). I am planning to return to the US on March 1.

Last night I was looking at some FSBO sites on the net and saw some properties that looked viable (in my area, of course). Started dreamin.....what if???

What I'd like to do is maybe drop an e-mail to several owners around the middle to end of Feb. and try to set up some kind of meeting around the first week of March.

But I've never done this before so I was wondering if anyone has tried this and if so, do you have a intro letter/e-mail? Any hints you could share?

As I understand l/o's it's all a numbers game so I'm thinking of e-mailing a few out there just to see what'll happen.

Any comments, warnings, advice, etc is always greatly appreciated.

Thanks and I look forward to hearing from you all!

 

Sincerely,

 

Andrew Ikeda

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Overall, my experience with the various internet sites has not been overwhelming. Usually, the listings are outdated and old. However, I am told by a few students that the websites have improved over the past year or so, and the sites are generally better and more worthwhile as far as looking for deals.

That said, I think any of us would be remiss in not using all potential sources of locating motivated sellers for a lease purchase deal, including the internet.

I simply shoot a quick email that states something to the effect, "Mr/Mrs Homeowner, My name _________. I saw your property on (name of website) and I was wondering if you'd be interested in selling on a lease purchase? If so, please contact me at XXX-XXX-XXXX" Simple and direct.

Here is one example of a deal I located on the 'net.

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Good Evening Michael:

 

Again, I cannot thank you enough for all the information you give to us on this messageboard!!

That house is really nice! Do you do cooperative assignments often? Is this a viable option to just plain l/o'ing? It seems like you could save even more hassles going that route. Even though you might have to split profits with the owner, you would have less hassles, correct?

Take care.

 

Sincerely,

 

Andrew

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