OfflineI am a newbie and have decided to let go of the fear factor. I have this deal and I want to try a lease option only because I feel I can do this comfortably. What approach would you take? Thank you again for your help.
The goal is to give no money down and to eventually get a person to buy it or rent it.
ABSOLUTELY BEAUTIFUL, ONLY 3 YRS OLD, BRICK HOUSE,
BEAUTIFUL LANDSCAPING, STORAGE ROOM, WATERFALL, POND, BEAUTIFUL PATIO,
EVERYTHING IS ABSOLUTELY BEAUTIFUL INSIDE AND OUT..
ASKING $129,995 ---ONLY $ 35,000 CASH DOWN PMT
AND TAKE OVER PMTS OF $1200.00 MONTHLY . BALANCE WILL BE $95,000
NO CREDIT CHECK, NO CREDIT CHECK, JUST MOVE IN..
I GUARANTEE YOU WILL ABSOLUTELY LOVE THIS HOUSE..
IF INTERESTED, AND YOU HAVE 35,000 TO GIVE DOWN, AND YOUR READY TO MOVE IN A BEAUTIFUL HOUSE
This is my incentive for potential buyers and sellers!
Is this your ad or someone elses?
Everything works out in the end. If it hasn't worked out, it's not the end.
You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer
It is what it is 'til you change it.
David, I am not clearly understanding your question? Is this your ad? What are you trying to accomplish?
Raymond
I apologize for the misunderstanding. This is an ad that I saw on the internet and I want to approach it as such: A lease option, I dont want to give any money down and eventually get a person in the house. I hope this helps.
This is my incentive for potential buyers and sellers!
http://www.hopedrugcard.com
They may need a drug test. You want to put ZERO down? They may not respond very nicely to you. Also be careful, this may be a "ghost ad." Not the kind we always talk about here, used by newbie investors looking for a deal, but rather used by con artists, looking for a sucker.
Give it a try if you want, but I get the feeling if you want to do a sandwich L/O with $0 down, you may need to find a far more motivated seller. Best of luck to you...
Paul: "I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when my fear is gone I will turn and face fear's path, and only I will remain."
Duke Leto: "I'll miss the sea, but a person needs new experiences. They jar something deep inside, allowing him to grow. Without change something sleeps inside us, and seldom awakens. The sleeper must awaken." - "Dune."
Ill definately consider your input. 35K down does really sound like a lot.
This is my incentive for potential buyers and sellers!
http://www.hopedrugcard.com
If something looks or sounds suspicious, there's probably a reason for it. Normally people put a certain percentage down amount in their ad, "10% down, 20% down, etc." ANOTHER red flag? "No credit check, just move in." If someone else wrote this, it sounds very shady. Who in their right mind will require you to cough up $35K but SKIP OUT on a credit check?
Remember, if you see more than one red flag in the same ad, it's always smart to be cautious. A lot of people in the cities like to try making a fast buck selling a house that may very well belong to someone else altogether, just so they can collect your monster down payment and vanish into thin air. Best of luck to you...
Paul: "I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when my fear is gone I will turn and face fear's path, and only I will remain."
Duke Leto: "I'll miss the sea, but a person needs new experiences. They jar something deep inside, allowing him to grow. Without change something sleeps inside us, and seldom awakens. The sleeper must awaken." - "Dune."
Your absolutely right. I am going to give them a call tommorow and get some more details. I want to hear their town of voice as well. Thanks again!
This is my incentive for potential buyers and sellers!
http://www.hopedrugcard.com
There is a good rent to own on Greg Murphys site that are down loadable and on the forms on Deans site.
Jimmy
I will take a look at Greg Murphys site. Also I have already printed out the lease option forms on this site. Thanks again!
This is my incentive for potential buyers and sellers!
http://www.hopedrugcard.com