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About m1ch311e

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  1. Greetings, My name is Michelle Green. I have worked with a lot of Investors & Realtors. If you’re like most, you’re throwing away a lot of leads because they don’t fit your criteria, the numbers don’t work (not enough equity), the seller won’t accept your offer, or the lead has expired (or is about to). I want to see if you'd be interested in turning many of those leads into cash? This is not some scam or program or get rich quick scheme I dreamed up. It’s really very simple, I will give you cash for the leads that I can use that you were going to throw away! I can introduce you to a whole new stream of income. I have had remarkable success teaming up with professionals like you. I’d be happy to share this with you if you contact me. Thanks, Michelle Green Koru Homes LLC Ph: (904) 410-4470 (SMS preferred | calls after 1:00pm EST please)
  2. Hi marquis, So sorry to hear about your situation. I was just in the middle of posting a very similar question myself! I am not "new" to this game, having been wholesaling in Florida for the past 18 months, however lease options are the new direction in which I would like to take my business, so I am keen to find out more about the legals. I am a practicing lawyer/attorney in New Zealand (where I am located) so for me the legal side of things is slightly easier to understand and more interesting. From my wholesaling business I know that as long as you hold an equitable interest in the property in Florida, you are not considered to be brokering without a licence (a very general statement). Therefore, our wholesaling contracts (which we assign to the buyers), are perfectly legal because we get an equitable interest at the time we sign the sale and purchase agreement with the seller. Lease options are slightly different. We are also working in the Texas market with these - in Texas, lease options for longer than 6 months are considered "executory" contracts, and are subject to a whole different set of rules. I'm interested to find out if a similar situation applies in Florida? I'm looking specifically at lease option assignments. Through my research I've come across a lot of debate about using a single "Lease Option" contract vs. two separate "Lease" and "Option" contracts in Florida. I have been gearing my strategy around the second option, as there is then a clear demarcation between the two. Primarily we (and then our assignees) are leasing the property. Then, in 12 to 24 months, a decision is made about whether the property is purchased under the Option. Would be interested to hear any further comments anyone may have on this subject. Michelle
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