OfflineSigned our first lease/purchase on April 2, 2011.
The sales contract is assignable and the lease states we can sub-lease. After bills and "rent" we pay to seller, the cash flow is $400/month.
We found our rent-to-own buyer on Craigslist. They loved the house and were thankful that we were willing to work with them. We signed a lease with them as well as an option agreement. Then when they exercise their option (hopefully in a year), we'll sign an assignment of contract with them.
This lease/purchase is on a property I had listed as a Realtor, had plenty of showings - but no offers. The biggest complaint was lack of a back yard and proximity to the neighbor on that side (there is plenty of side yard though). After six months on the market, the listing expired and I showed the seller how he could net the same amount, but just had to wait a year and have no bills to pay between now and then. He was more than ready to sign up for that rather than extend the listing!
All I can say is "Why didn't I find Dean sooner?!" This stuff really works.
Thanks, Nadine
** Realtor/Investor in Lancaster County, PA
His Hope Enterprises LLC
Creative real estate solutions --> www.GetMeOutFromUnder.com
Traditional real estate help --> www.LancasterHomeHelp.com
Congratulations!
Were you able to use the contracts I sent you?
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
Three months with out a peep, now twice in one day.
http://kendrickpropertymanagement.com/
http://rochesterapartmentrentals.com/?page_id=10
Yes, the option contract worked great!
And yes Jim, I have to get better about regular posting -- not just reading posts. Thanks for the reminder
Thanks, Nadine
** Realtor/Investor in Lancaster County, PA
His Hope Enterprises LLC
Creative real estate solutions --> www.GetMeOutFromUnder.com
Traditional real estate help --> www.LancasterHomeHelp.com
Way to go Nadine. You must be really happy! Your on the other side; You got your first deal. Let me guess what you can't stop thinkin about!!
Ross
Thanks for the Great Informaation & Ideas!
John Petersen
Congratulations on your first deal. I read your journal and have to commend you on sticking with it and getting a deal in such a short time. You're gonna do well in this business. And, thanks for the informative posts.
Way To Go Nadine!!!
Jay C
Jay C
on to the next one
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Thanks for sharing the details of your deal with us. Congrats on moving forward.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
Wow thanks Nadine!
You just gave me another great idea, why not target expired listings on MLS and help owners understand that they have other options to sell their homes! Just wondering what would be other best option to target expired listings then direct mail?
thanks again
Artem
That was a great deal!
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.
I have tried to farm for expired listings as a Realtor trying to get the listing. Not much success. There are agents in our area that are calling them the day after they expire.
So perhaps your mailer could say "I know you are getting lots of calls from agents wanting to get your expired listing. Did you know there are other ways to sell your home?" You will get them thinking, wow this person knows what's going on and how the real estate world works. Maybe they know what they're talking about and I should contact them.
Thanks, Nadine
** Realtor/Investor in Lancaster County, PA
His Hope Enterprises LLC
Creative real estate solutions --> www.GetMeOutFromUnder.com
Traditional real estate help --> www.LancasterHomeHelp.com
How did you get the expired listings? I have asked a few realtors around here for them but they never send any or even answer me about them. Thanks
I'm a Realtor, so I pull them right out of my MLS.
Thanks, Nadine
** Realtor/Investor in Lancaster County, PA
His Hope Enterprises LLC
Creative real estate solutions --> www.GetMeOutFromUnder.com
Traditional real estate help --> www.LancasterHomeHelp.com
I like the idea of marketing to expired listings. I have a very good realtor that I have found. I will have to talk to her about pulling them for me and offer her a consulting fee if we close a deal on any of them.
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
follow up on expired listings
don't forget probate it happens EVERY day
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Congratulations!
Wanted Properties from FSBO's/ renter for
Buying, selling, lease options
www.silasllc.com
-Yes money does grow on trees, you just need the right fertilizer